How Investment Made Singapore an Innovation Hub



Clayton M. Christensen, Efosa Ojomo, and Karen Dillon | Barron's

Few would have predicted that 60 years ago, Singapore would become one of the richest sovereign nations in the world. Today, its story should reframe our thinking on how to create prosperity.

Of course, there are as many answers to the question of how to eradicate national poverty as there are people trying to eradicate it. These answers range from fixing dismal infrastructure, to improving institutions, to increasing foreign aid, to boosting foreign trade. The “Singapore miracle” shows the impact foreign investors can have, especially when compared with foreign donations.

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