Singapore: Past Perfect, Future Tense?

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Excerpts

In spite of the government's efforts, Singapore's economy continued to be vulnerable to external developments. The country had to cope with several adversities in the late 1990s. In June 1997, Singapore was badly affected by the Asian Economic crisis (1997-98)...

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In the attempt to make Singapore a center for advanced biomedical discoveries and innovations, the GoS invested billions of Singapore dollars in funding research in biotech, health care, and medical technology. It encouraged leading international companies to establish R&D operations in Singapore and also made efforts to attract high-caliber research talent...........

Amidst its revamping efforts, Singapore again faced a crisis in 2003 with the outbreak of SARS . The crisis affected several industries in Singapore, with the tourism sector being particularly badly affected. Several business conventions were cancelled during the period...........

Singapore was a country that was unique in many ways. Notwithstanding its many weaknesses, the country had managed to succeed in its pursuit of economic prosperity. While the government played a very significant role in this success, Singapore's strategic location and the relative backwardness of its neighboring countries also helped it in reaching its current levels of prosperity (See Exhibit XIV for the ranking of Singapore under various parameters). In the future, Singapore hoped to be at the vanguard of knowledge-intensive industries like biotechnology and nanotechnology.....

Exhibit I: Key Information on Singapore as of 2005
Exhibit II: Top 10 Economies according to ease of doing Business (2006)
Exhibit III: Singapore: Corruption Perception Index between 1995 and 2005
Exhibit IV: Singapore: Annual GDP Growth (1961-1996)
Exhibit V: Singapore: Real Economic Growth (%)
Exhibit VI: Singapore: GDP by Industry (2005)
Exhibit VII: Tax Incentives in Singapore as of 2006
Exhibit VIII: Singapore: Foreign Trade (in S$ Billion)
Exhibit IX: Singapore: Top 10 Trading Partners (2005)
Exhibit X: Singapore: Tourist Arrivals (1995-2005)
Exhibit XI: Foreign Investments in Singapore (1999-2003)
Exhibit XII: The World's Most Expensive Big Cities (2006)
Exhibit XIII: Cities Offering the Best Quality of Life (2006)
Exhibit XIV: Singapore's Ranking on Different Parameters
Exhibit XV: Singapore Government's Expenditure under Various Heads (2005)