Singapore’s success as a trading and economic hub can largely be attributed to the resources it has available on land. These include:
1. A strategic location at the crossroads of East and Southeast Asia, providing access to one of the world’s largest consumer and industrial markets.
2. A well-developed infrastructure that includes roads, ports, and mass transit systems.
3. A strong legal system that is recognized as one of the most pro-business environments in the world.
4. An educated, highly-skilled and multi-lingual workforce.
5. A focus on innovative and knowledge-based industries, rather than traditional manufacturing.
6. A generous tax structure and a commitment to low corruption.
7. A well-developed financial sector consisting of banks, insurers, asset managers and money lenders.