Industrialisation

Singapore and the Myth of Services-based Development

The recent rise of PMIs may be overstating the extent of the global economic recovery, and instead could hint to a worrying development. Although no one would question the success Singapore has had in raising the living standards of its population, and establishing itself as a regional centre for trade and financial services, the origin of the country’s economic success… Read More »Singapore and the Myth of Services-based Development