The Remarkable Story Behind Singapore Economic Development

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Singapore economic development journey was not paved. Today Singapore vibrant economy is considered short of a miracle. Despite the many obstacles facing them, Singapore managed to attain prosperity in a short span of time.

The island city has some four million residents. Also considered as the smallest nation in the entire Southeast Asia, most Singaporeans live in high-rise buildings and commute using public transport.

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2010 Trends in Economic Development

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One of the biggest challenges of economic development is getting jobs into the area, and since we are in a jobless recovery, and the stimulus package whereas, it might have helped a little bit, it certainly is not providing very many jobs. Some economic development associations in some areas are trying to provide jobs in the alternative energy sector, or in green technologies, but none of that is moving very fast right now. Many believe things will not accelerate in that area until after 2015.

Most regions want to have clean industries. They do not want to have dirty manufacturing smokestack or polluting type industries. Most all of those major industries have moved to China anyway, where labor is cheaper and environmental controls are lax. All these trends right now in economic development should be expected to continue. » Read more: 2010 Trends in Economic Development

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