CNBC European Business, 1 Jun 2009
Time and time again since achieving independence in 1965, Singapore has pursued just such an opportunistic and proactive game-plan. Acting with the single-minded zeal of a corporate entrepreneur, the country’s leadership has responded to various perceived crises by reinventing Singapore’s entire business model to rapid and stunning effect. Even though it boasted one of the world’s signature airlines as well as the largest container port, Singapore foresaw the threat that Dubai, Shanghai and Kuala Lumpur posed to its aerospace and shipping prowess and became hell-bent on diversification. Such top-down interventions occurred even at times when the economy was happily humming along.
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