Essay | Singapore: Using Neighbors for Economic Success

The ASEAN community consist of member countries Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Brunei Darussalam, Laos and Myanmar, whose collective will is through cooperation and friendship and through joint efforts and sacrifices, secure for their peoples and for posterity the blessings of peace, freedom and prosperity. Upon the foundations as a major maritime and air transportation hub for the region, Singapore has developed as an "international financial capital." At the same time, it is still highly dependent on its neighbours due to its inherent resource scarcity and small size, and despite its sound economic fundamentals, including the largest per capita government surplus in the world, the future economic success of Singapore depends largely on the success of its ASEAN neighbours. Therefore it is in Singapore's best interests to help its neighbours prosper and this essay shall examine the role Singapore can play in doing so,...
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