When Dutch economist Dr. Albert Winsemius arrived in Singapore in 1960, tasked by the United Nations with salvaging the struggling island economy, he gloomily remarked upon “this poor little market in a dark corner of Asia.” Over five decades later, Singapore’s market is neither poor nor little—the country sports the world’s seventh largest GDP per capita and more than one in six households have $1 million in cash savings. In the past decade alone, the number of Singaporeans running their own business has doubled, giving the city-state the world’s second most entrepreneurs-per-capita, behind only […]

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