Abstract

Singapore is one of the top financial centers of the world. The case traces the growth of the city state from a small shipping port in the early part of the 19th century to an economic hub by the later half of 20th century. It describes in detail the GoS’s role in the development of the city state. It mentions the specific initiatives taken to protect the country from international downturns and business cycles. The case details the more recent efforts of the GoS in making Singapore as the center for high-tech services and industries. The challenges and possible impediments to the growth of Singapore are discussed in the end.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Recognize the importance of government in creating a pro-business environment in a country
• Appreciate the efforts made by a country, which has serious resource limitations, to sustain growth
• Analyze the challenges facing a country.

Keywords

Singapore, Future prospects for Singapore, Singapore economy, New initiatives, Singapore strengths, Singapore challenges, The rise of Singapore