Has Singapore Changed for the Better in the Last 10 Years, and Will It Continue to Improve?

I have been in the region for a total of eight years, having spent the first five years in Malaysia and the last three in Singapore. Based on my experience, I believe that Singapore has continued to improve rather than worsen over the past decade.

The Bright Side of Singapore

One of the key factors contributing to Singapore's continued progress is the government's commitment to fostering a startup culture. As a society that has its roots in trade, many Singaporeans are adept at business and sales. This has driven Singapore towards significant achievements in the startup ecosystem, resulting in the emergence of three unicorns:

Garena – With an estimated valuation of over $2.5 billion USD Lazada – Valued at $1.25 billion USD Razer – Valued at $1 billion USD

These successes further strengthen the country's reputation as a hub for innovation and entrepreneurship.

Education Excellence

Another aspect where Singapore continues to excel is in education. The country consistently ranks among the top in global education rankings, which underscores its dedication to providing high-quality education to its citizens. This focus on education ensures that the workforce remains well-equipped with the skills required to thrive in a competitive global market.

Health and Well-being

Health is another crucial area where Singapore excels. The country is recognized as the healthiest in the world. This is not only due to its modern healthcare facilities but also its inhabitants' strong emphasis on lifestyle and fitness. Singaporeans' commitment to maintaining a healthy lifestyle contributes significantly to the nation’s overall health and well-being.

Robust Economy and Security

When it comes to economic stability and security, Singapore ranks highly. It is consistently rated as one of the richest countries in the world, with a GDP per capita ranking third globally. This reflects the country's ability to accumulate wealth and maintain a stable financial environment for its citizens. Additionally, Singapore boasts one of the lowest crime rates in the world, which further enhances the quality of life and safety for its residents and visitors.

The Future Prospects

Considering the government's ongoing efforts to support the startup culture, combined with the resilience and foresight of the Singaporean people, it seems unlikely that the country will deteriorate in the near future. The Singaporean government's obsession with efficiency and further wealth accumulation ensures that the country is well-positioned to continue its upward trajectory.

While predicting the future is always uncertain, the current trends suggest that Singapore will continue to thrive and improve. The combination of a robust startup ecosystem, world-class education, a healthy lifestyle, solid economic performance, and a safe environment makes Singapore a shining example of a well-functioning modern society.

In conclusion, based on my experience and the current state of affairs, Singapore has not changed for the worse in the last 10 years. Instead, it has solidified its position as a leader in various fields, and the future looks promising as the country continues to innovate and grow.