Singapore’s economic miracle is predicated on 3 factors:
(1) An ideal location between Asia and Europe,
(2) Its decision to take advantage of its colonial links to open itself to the world, and
(3) An unapologetic readiness of its enlightened early leaders to intervene in every aspect of Singaporean life. So, Singapore’s success is no accident; it is the result of meticulous political planning, a populace that trust their political leaders and its ability to continuously reinvent itself in response to external changes.
That formula cannot be easily replicated and our younger leaders should keep that in mind as they take over the reins of power. They must think of new solutions to tackle the challenges of social and economic inequalities and the erosion of purchasing power by the high cost of living as experienced by the majority of its citizens.
