How has singapore’s economy and industry successfully developed?

The country provides one of the world's most business-friendly regulatory environment for local entrepreneurs and is ranked among the world's most competitive economies. In the decades after independence, Singapore rapidly developed from a low-income country to a high- income country.

ANSWER:

Singapore’s economy and industry successfully developed because of the corruption free business environment, transparent and legal frame work and great environment for local entrepreneur.

EXPLANATION:

Due to this points the economy and industrial development has been boomed in Singapore.

They have suitable business policies for the investors so that the international businessmen are willing to put money on Singapore. This has led to the large economic benefit for the country and government.  

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