Singapore – The Switzerland of Asia

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Published on Mar 25, 2021
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Singapore is a small city-state with 5 million inhabitants - located on a small tropical island the size of Hamburg at the tip of the Malay Peninsula. Singapore's airport is considered the best in the world and its seaport is the largest in the world. Singapore's per capita gross domestic product is only slightly behind that of Germany. Nowhere except Monaco is there a higher percentage of millionaires and due to the composition of its population, Singapore is considered the most globalized country in the world. Subscribe to NZZ Format: https://goo.gl/Fy28as In 2010, Singapore was the fastest growing economy in the world with 15% - even ahead of China. Not bad for a country that only became independent in 1965 and has neither raw materials nor hinterland. Swiss people have been living in Singapore since the middle of the 19th century and their number has doubled in recent years. Singapore is becoming increasingly attractive: not only as a financial center, but also for research and as a company headquarters for the rapidly growing markets of Asia. What is the secret of Singapore's success and why are relations between Singapore and Switzerland so close?

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