| HBS Case Collection
(Revised April 2014)
Singapore's 'Mid-life Crisis'
After 49 years of incredibly successful economic development, Singapore has again launched a new strategic thrus -- increase productivity, boosting skills of the labor force, and becoming a hub for cross-border activities in Asia. At the same time, the government is trying to deal with a number of demographic concerns. Its population has begun aging rapidly and its fertility rate is exceedingly low. Almost one-third
of its population is non-Singaporean, putting pressure on housing, access to education and consumer durables. And its income inequality was deepening. While Prime Minister Lee recognized this “inflection point,” the question was could a government-led economy continue to develop while dealing effectively with these issues?
Research and Development;
government and business;
Investment and savings;
Vietor, Richard H.K., and Hilary White. "Singapore's 'Mid-life Crisis'." Harvard Business School Case 714-039, December 2013. (Revised April 2014.)