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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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  1. Can the Singapore Model Work for Your Country or City?Leong Sze Hian, PresidentSociety Financial Service Professionals, Singapore

  2. Singapore AccoladesWorld’s 3rd overall competitivenessWorld’s 2nd top country for investment potentialWorld’s 2nd freest economyMost cost-competitive place for businessWorld’s easiest place to do business1st in the world for quality of air transportation4th most vital international air travel hubsBest quality for port infrastructure2nd most technologically ready nation in AsiaTop 20 business environmentsWorld’s 13th E-ready country

  3. Singapore AccoladesWorld’s most globalised nations2nd country brand for nightlife/dinningThe best place to live for Asia expatriatesLeast bureaucracy and red tape in AsiaPerceptions of corporate governance standardsAsia’s highest integrity governmentWorld’s 2nd most ‘Network Ready’ countryBest labour force2nd most attractive environment for highly- skilled foreigners4th most attractive investment incentives in Asia4th least restrictive immigration laws for enjoying foreign labour

  4. Problems:154th out of 167 Countries - Press Freedom (Freedom House)40th out of 41 Countries - Libido130th out of 178 - Happiness105th – Income EqualityFastest Walkers in the World

  5. Problems: 2nd Highest Work-Related Stress in Asia 15th out of 16 Countries - Asia Democracy Index

  6. Independence in 1965700 Square Km IslandNo Resources40% UnemploymentRacial, Labour Riots, BombsCorruption, Secret Societies (Mafia)

  7. Model 1960s - Caribbean Nation was Role Model for Singapore West Indies University Professor's Research

  8. Bedrock of a Sustainable Society is Economic DevelopmentSingapore Inc. (Multinational Corporation)What is Good for Business is Good for the CountryNo Minimum Wage, No Welfare, No Unemployment BenefitsNo National Healthcare, No Strikes (Tripartite -Unions, Employers, Government-Unions Minister (NTUC))

  9. 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

  10. Profits for Utilities, Transport, Everything To Compete Globally- Workfare Incentive Scheme (30% of Workers Declining Wages)Charities, Welfare - Volunteer Private SectorTeam Singapore - Debate, Dissent, Consensus

  11. Sustainable Society Only If There is PeaceNon-violence, Mandatory Death Drug Traffickers, 5th in the World Prisoners Per CapitaCorruption Hotline - Penalty versus Ease of Being Caught

  12. 2 Decades of Training Assistance – Singapore Co-operation Program Now Market Public/Private Sector Services20 Projects in Asia Middle EastInfrastructure – Metro SystemsHottest Technology – Potable (Drinkable) Water for Rural Townships in Developing Countries

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