How Singapore Got Rich
The economic model is based on strong openness to international trade and foreign investment, with a very attractive business environment.
Elements. The area of Singapore has increases by 25% in 50 years (from 578 km² to 19.5 km² in 2019) by the Land Reclamation policy on the sea and the leveling of hills.
Its area is 719.1 km 2. It includes 63 islands, the main of which is Pulau Ujong (584.8 km 2). This island is very densely urbanized, but the lush vegetation – even in the middle of the city – has earned Singapore the nickname of “garden city”.
Urban planners today consider Singapore as a “world city”, whose influence is due to its strategic space, very dense and very organized, both above and below ground, permanently linked to the rest of the world thanks to numerous technical networks. connecting.
Main article: Economy of Singapore. Singapore is, with South Korea, Taiwan, and Hong Kong, one of the four “dragons” of Asia as these countries are called then in full economic growth in the 1980s.
Singapore ranks among the highest in many international measures such as quality of life, economic freedom, education, healthcare, personal security and housing, with a homeownership rate of 91 %. It also has one of the lowest perceived levels of corruption in the world.