Singapore must shift from state-led expansion to productivity-led growth

Academic Views

The “Singapore model” of a market economy under heavy government direction has led to strong headline numbers that obscure signs of significant stress. High land and housing costs, extreme inequality, and a very low fertility rate suggest that everyday life feels precarious for many in one of the world’s richest cities. Singapore needs a new playbook, argues LINDA LIM in this article originally published by the Atlantic Council.

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