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Can the Singapore Model

Work for Your Country or 

City?

Leong Sze Hian, President

Society Financial Service Professionals, Singapore

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Singapore Accolades

World¶s 3rd overall competitiveness

World¶s 2nd top country for investment potential

World¶s 2nd freest economy

Most cost-competitive place for business

World¶s easiest place to do business1st in the world for quality of air transportation

4th most vital international air travel hubs

Best quality for port infrastructure

2nd most technologically ready nation in Asia

Top 20 business environmentsWorld¶s 13th E-ready country

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Singapore Accolades

World¶s most globalised nations

2nd country brand for nightlife/dinning

The best place to live for Asia expatriates

Least bureaucracy and red tape in Asia

Perceptions of corporate governance standardsAsia¶s highest integrity government

World¶s 2nd most µNetwork Ready¶ country

Best labour force

2nd most attractive environment for highly- skilled

foreigners4th most attractive investment incentives in Asia

4th least restrictive immigration laws for 

enjoying foreign labour 

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Problems:

154th out of 167 Countries -

Press Freedom (Freedom House)40th out of 41 Countries - Libido

130th out of 178 - Happiness

105th ± Income Equality

Fastest Walkers in the World

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Problems:

2nd Highest Work-Related Stress in

Asia15th out of 16 Countries - Asia

Democracy Index

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Independence in 1965

700 Square Km Island

  No Resources

40% Unemployment

Racial, Labour Riots, Bombs

Corruption, Secret Societies (Mafia)

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Model

1960s - Caribbean Nation was Role Modelfor Singapore

West Indies University Professor's

Research

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Bedrock of a Sustainable Society is

Economic Development

Singapore Inc. (Multinational Corporation)

What is Good for Business is Good for 

the Country  No Minimum Wage, No Welfare, No

Unemployment Benefits

  No National Healthcare, No Strikes

(Tripartite -Unions, Employers,

Government-Unions Minister (NTUC))

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Most FTAs (13 Free Trade

Agreements, 9 in Process)

Usual Tax Incentives, Open Labour,

Open Capital, etc.

Go to Great Lengths to Help Foreign

Businesses - No Overtime, Time-Off Instead, Reduce Pensions Contributions

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Profits for Utilities, Transport,

Everything

To Compete Globally- Workfare

Incentive Scheme (30% of Workers

Declining Wages)

Charities, Welfare - Volunteer Private

Sector 

Team Singapore - Debate, Dissent,

Consensus

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Sustainable Society Only If 

There is Peace

 Non-violence, Mandatory DeathDrug Traffickers, 5th in the

World Prisoners Per Capita

Corruption Hotline - Penalty

versus Ease of Being Caught

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 Now Market Public/Private Sector 

Services20 Projects in Asia Middle EastInfrastructure ± Metro Systems

Hottest Technology ± Potable(Drinkable) Water for RuralTownships in Developing

Countries