Tuesday, December 8, 2009

Who's smart?

New Geography has just released a survey of the world's smartest cities and lists "the 'smartest' cities not only by looking at infrastructure and livability, but also economic fundamentals". Singapore comes out on top with Amsterdam the only European entry, though the list is a little Americentric with seven cities (four US, one Mexico, one Brazil and one Canada) on the list.
  1. Singapore: The 21st-century successor to 15th-century Venice, this once-impoverished island nation now boasts an income level comparable to the wealthiest Western countries, with a per-capita GDP ahead of most of Europe and Latin America. Singapore Airport is Asia's fifth-largest, and the city's port ranks as the largest container entrepot in the world. Over 6,000 multinational corporations, including 3,600 regional headquarters, are located there, and it was recently ranked No. 1 for ease of doing business.

This country has an aspirational plan based around Building Ireland's Smart Economy. Maybe Ireland (population 4.45 million) should be having a look at what Singapore (population 4.75 million) is doing to smarten up. Reading Singapore's Success: Engineering Economic Growth would be a good start. This reveals that Singapore implements many economically efficient (though politically unpopular) policies so that Singapore:

  • has unilateral free trade
  • admits unusually large numbers of immigrants
  • supplies most medical care on a fee-for-service basis
  • means-tests most government assistance
  • imposes peak load pricing on roads, and
  • fights recessions by cutting employers' taxes

Brian Caplan offers three possible explanations of the paradoxes of Singaporean political economy.

1 comment:

  1. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250, 000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250, 000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius, via email:(urgentloan22@gmail.com) Whats App +91-8929509036 Thank you.