Info straight from MIT
The Singapore-MIT Alliance for Research and Technology. Singapore is using more than just its strategic location for this one. The country is devising methods to cope with rapid population growth in every way possible; they collect gutters to collect rain water, place very tight limits on loans for second homes, and slap high taxes on speculators who flip properties.
Intrusive? Maybe, but it's worked. Singapore recently saw a 14.5% growth with FDI growing 123%. They're called the Switzerland of Asia, but as SMART examines the "future of urban mobility", Switzerland may be the Singapore of Europe.
At this rate, I see the Singaporeans as the next New Yorkers, receiving contracts from places such as UAE and China, and American companies such as Proctor and Gamble. Probably not going to be the world's largest economy [I speculate China in 25 years], but definitely a mini-superpower.
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