Singapore's Economic Development

Identifier

Title

Singapore's Economic Development

Subject

Description

Fifty years ago, the city-state of Singapore was an undeveloped country with a GDP per capital of less than US $320. Today, it is one of the world's fastest growing economies. Its GDP per capital has risen to an incredible US $60,000, making it the sixth highest in the world based on Central Intelligence Agency figures. For a country that lacks territory and natural resources, Singapore's economic ascension is nothing short of remarkable. By embracing globalization, free market capitalism, education, and strict pragmatic policies, the country has been able to overcome their geographic disadvantages and become a leader in global commerce.

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Source

about.com

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about.com

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All Rights Reserved.

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Read online (online html)

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Citation

Ping Zhou, “Singapore's Economic Development,” Uwekind Resource Centre, accessed November 6, 2024, http://library.uwekind.com/items/show/108.