"For 50 years, Singapore has punched above its weight class, thanks to a run of political stability, long-term planning, transparency and openness to investment. Along the way, the tiny Southeast Asian nation turned from a center of colonial administration and trading into a major container port, an oil-refining hub, an electronics manufacturer, and a banking center.
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Singapore’s traditional pillars of growth are cracking. Electronics exports have repeatedly declined in recent years, labor productivity fell for a fourth quarter in the first three months of the year and the economy contracted
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administration committed S$16.1 billion (US $11.5) to research and development from 2011 to 2015, a 20 percent increase over the previous period
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A glimpse of that vision can be seen in Jurong Lake District, a 360-hectare development area in the island’s west where the government has installed more than 1,000 sensors to monitor and control everything from vehicles to trash cans.
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