Yes… partly due, or minutely due. It’s not like they’re building their success overnight. Their main sector is service, and partly manufacturing which used to be their main sector. And have been building strong reputation that’s good enough to attract expats. Take the expats away, they can still thrive. They’ve got very competent locals breeded from their hight quality school system and many top 50 universities, which is a lot considering their size.
For the low skills needs they import the migrant workers. Take that away… no worry, many other will come. They threat their workers well - not like the middle eastern counterpart.
They are like night and day compared to Qatar/UAE.
So, to get back to your last sentence: Take that away… no big deal.
p/s: this is my rational view as their overlooking neighbour.
Singapore’s success is partly due to the absence of minimum wages and also the use of migrant workers like Qatar. Take that away…
…But mostly due to their extremely privileged position at the strait. That’s probably even more valuable than having oil.
Yes… partly due, or minutely due. It’s not like they’re building their success overnight. Their main sector is service, and partly manufacturing which used to be their main sector. And have been building strong reputation that’s good enough to attract expats. Take the expats away, they can still thrive. They’ve got very competent locals breeded from their hight quality school system and many top 50 universities, which is a lot considering their size.
For the low skills needs they import the migrant workers. Take that away… no worry, many other will come. They threat their workers well - not like the middle eastern counterpart.
They are like night and day compared to Qatar/UAE.
So, to get back to your last sentence: Take that away… no big deal.
p/s: this is my rational view as their overlooking neighbour.
It’s also literally a tax haven.