“Despite its small size, Singapore is an established global financial center and one of the world’s top-3 most competitive economies, which is not really surprising if you look at the factors that are being taken into consideration: Quality of institutions and infrastructure, Market and labor efficiency, Macroeconomic environment, and Availability and quality of education. In addition, the country provides one of the world’s most business-friendly environments for local (and foreign) entrepreneurs.”
Source: Medium