Singapore is once again ranked number 1. This time it is in the Change Readiness Index (CRI). This index measures how ready is a country to respond to long-term global change trends in the economy, environment, demographics ,and society.
I am not going to para-phrase but will just take wholesale a certain paragraph from Yahoo finance:
I am not going to para-phrase but will just take wholesale a certain paragraph from Yahoo finance:
That happened because of three key reasons:
- Singapore Has a Strong Government: Unlike other nations that have numerous political parties bickering about policy, Singapore’s government is strong and unified enough to drive immediate change within a span of weeks or months, not years.
- Singapore Overcame Resource Challenges: Singapore’s lack of resources was the driver behind many of the nation’s biggest changes. Singapore had no real natural water resources, but it created new filtration methods and eventually developed NEWater. Singapore also had a shortfall in talented professionals, but it founded two world-class universities and brought in professionals from all over the world to overcome that problem.
- Singapore Is Very Business Friendly: Singapore’s one of the easiest places in the world to start a business and get credit. Not only that, Singapore has some of the lowest corporate taxes in the world, has a reputation for protecting investors, and is possibly the easiest nation on earth to trade across borders.
