Singapore – Developing countries should strive for?

What does Singapore have that all developing countries should strive for?

Singapore 40 years ago was a swamp with a half a million people. Singapore now, 40 years later, is the country with the largest foreign currency reserve per capita of any country in the world. It’s got the best education in the world, the best health care in the world, has the safest working environment,tax regime simple and is attracting the corporates all theses times whether highs or lows.Even the world believes that Singapore has all it takes to be a NO-1  country(information provided under is sourced from-google.com)

Singapore is rated #1 in the world by World Bank for ease of doing business

Singapore is ranked the third wealthiest nation in the world by Forbes magazine

Singapore is rated #1 as the most politically stable country in Asia

Singapore is rated #1 as the best labor force in the world

Corporate tax rates are about 8.5% up to $300K profits and a flat 17% above that

There are no dividend or capital gains taxes in Singapore

There is no estate/death/inheritance tax in Singapore

Personal tax rates start at 0% and max out at 20% above $320K

This certainly shows that every developing country should build in a system that is flexible, simple and smooth instead of closing the doors of trade in face of the economy. because today’s time is of PARTNERSHIP rather than COMPETITION. To make people of the world self reliant and technologically progressive its high time that SHARING becomes a integral part to the process of globalised development because its true that even a developed country needs the smaller developing or underdeveloped country at time of need.

THE MANTRA LIES IN SIMPLE PROCEDURES AND POLICIES AND HIGH FLEXIBILITY ALONG WITH STRICT MONTIOR AND CORRUPTION FREE CONTROL.

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