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Global macro & geopolitics from a small economy perspective

What can Singapore learn from other small advanced economies?

David Skilling
global-is-Asian, Lee Kuan Yew School of Public Policy, Singapore
March 2015

What can Singapore learn from other small advanced economies

Singapore is now one of the richest countries in the world, and increasingly faces a range of policy issues that are similar to other small advanced economies. It is these small countries – that have been operating successfully at the income frontier for some time – that are most likely to offer Singapore insight in terms of benchmarking its performance, understanding emerging challenges and opportunities, and identifying high potential policy options and approaches. This paper provides an assessment of how small advanced economies are relevant to Singapore, considers the similarities and differences between Singapore’s policy approach and those of other small countries, and suggests some areas in which Singapore can obtain strategic policy insights from other small advanced economies.