| Singapore has a vibrant free-market economy, | | | | Sentosa, which is more family oriented and is due to |
| developing rapidly. It has a high per-capita income, | | | | open in 2011. |
| sustained and strengthened by an educated | | | | Many other events, such as the first Formula 1 night |
| workforce, an environment free of corruption and a | | | | race, hosted by Singapore in 2007 or the first Youth |
| stable financial and legal business framework. | | | | Olympic Games in the world in 2010 will boost the |
| Singapore is in a continuous change and development. | | | | Singaporean economy. The Singapore government |
| A large number of major initiatives of redevelopment | | | | invests its large reserves in the development of |
| are taken in industries such as tourism, property, | | | | sectors like technology and education. More and more |
| retail, leisure or construction. Recently, a lot of | | | | investments are being made outside the country |
| importance is given to the Singapore service sector. | | | | through Temasek Holdings and the Government |
| Singapore is an export-led economy. The main | | | | Investment Corporation of Singapore (GIC), two |
| exported goods are consumer electrics, | | | | sovereign wealth funds. Singapore's financial rising is |
| semiconductors and other high-tech products. | | | | also helped by the favorable geographic location. Its |
| Recently, the government has made great | | | | huge seaport which is crucial for the country's |
| investments in order to diversify the economy. This | | | | development, as it is used for both export and |
| way the tourism, pharmaceutical, education, retail, | | | | import activities. |
| medicinal technology and multimedia industries have | | | | Singapore has steady real growth rates, due to the |
| grown considerably. | | | | country's successful economic strategy. Singapore |
| The rich population of Singapore was made even | | | | absorbed three economic shocks: recession in the |
| more wealthy in 2007. Prices on properties rose with | | | | United States and European Union countries, SARS |
| more than 29 per cent, the fastest rising prices in the | | | | and an economic slump, all of these between 2000 |
| world., adding thousands of millionaires to the | | | | and 2003. In spite of that, it recovered quickly, |
| population. The gambling industry is growing in Asia. | | | | thanks to a sound economic structure and strategy, |
| Macau even overtook Las Vegas as the world's | | | | great infrastructure, some foreign investments and a |
| biggest casino center in 2007. The Singapore | | | | capable workforce. Corporations connected to the |
| government approved the construction of the first | | | | government have also played an important role in the |
| two resorts granted in the republic, with casino | | | | economic development. Singapore has positioned |
| licenses: Marina Bay Sands - an integrated resort | | | | itself to gain from the forces of globalization, and |
| focused on business, which will draw investments of | | | | indeed to be a hub for international business and |
| $5 billion, opening in 2009 - and Resorts World at | | | | trade. |