Posted inOpinion

Third World to First: How Singapore escaped the poverty trap

Not long ago, Singapore was a British colony suffering from the challenges of economic dependence, delayed industrialization, substandard housing, high unemployment, and social turmoil.  Today, it is a metropolitan haven for free-market enthusiasts and large multinational corporations (MNCs) lured in by the promise of a secure and conducive commercial environment. This tiny island, with few […]