Emergic: Rajesh Jain's Blog

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Singapore and India

September 25th, 2005 · 2 Comments

Atanu Dey was in Singapore recently and compares it with India:

Comparing Singapore to India from an Indians perspective is depressing: how did we – given all the advantages we had in 1950 compared to Singapore – squander it all and end up being a poor misgoverned over-populated country? That is the depressing bit.

There are lessons by the score that one can learn from the Singapore experiment; lessons that could be arrived at through simple logical reasoning in the abstract but made all the more compelling to see it actually work out in practice. The fundamental lesson to my mind is this: policies well thought out, rigorously implemented, and single-mindedly enforced have the power to transform.

Tags: Emerging Markets

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