Why Singapore signals a new order in Asia

Why Singapore signals a new order in Asia
Businesses operating in Asia have a high demand for places that are open and transcend national differences. (Image: Getty)
The Economist
International financial centres play a crucial role in the world economy. They act as launching pads for ideas and bring together expertise, capital and entrepreneurs. Right now the map of Asian financial hubs is being redrawn. The city-state of Singapore looks to be the main beneficiary – provided it can handle some of the downsides of being a global centre for other people’s business. Asia makes up more than a third of global GSP and its weight in the world economy is continuing to rise.The role of entrepôts is esp...

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