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SINGAPORE: Success at Home, Challenges from Abroad

Introduction

The year 2007 came in an upbeat mood in Singapore. The economy was showing a strong momentum of growth following its good performance in 2006. Singapore had seen a record high of more than nine million tourists.1 In his National Day Rally speech, Prime Minister Lee Hsien Loong reiterated his positive outlook, arguing that "Singapore is on the move, things look good"2 and "there's optimism all over Asia".3 By the end of the year, Singapore was still doing well. Despite difficulties in the region and beyond, there is a renewed sense of confidence and accomplishment as the team led by Prime Minister Lee navigates successfully through difficult terrain to bring about success for ...

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