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The Extraordinary Rise of Singapore

This paper was originally published on Global Economies – click here to access the full document

In the first of series of briefings, we identify some of the key transformative processes and features that have elevated Singapore from a low-income port city state to a dynamic, high income node within a premier league of global cities, including London, New York, Dubai and Hong Kong.

A key argument we make is that incumbency and status as a global city is not guaranteed, Aspiring cities – a future Singapore for instance – can attain premier league status within a relatively short space of time through investment led growth, an attractive incentivisation structure and highly trusted economic policy based on open trade, competitive markets, property rights protection and the rule of law.

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