Singapore has produced an abundance of "wealth managers" and not enough "wealth creators."
In terms of supporting infrastructure, Singaporeans certainly are not facing the same challenges as Indonesians, for instance.
So lamented Ngiam Tong Dow, former permanent secretary of the Singapore Ministry of Finance and the prime minister's Office of the Government of Singapore. This is despite almost universal acclaim for the supportive business environment in Singapore. The World Bank has rated Singapore first out of 183 economies in its "ease of doing business" rankings and fourth for "starting a business" -- anyone can get a business going in just three days.
To read the full, original article click on this link: Capitalist Singapore Needs More Entrepreneurs Fast
