It would probably have slighly smaller population, less economic regulation and more sustainability. So the difference between Yew and "number two" is the difference between "Excellent" and "Great".
Come on, is that so important? I'd rather read on about a leader who turned "mediocre" into "pretty good".
Because most countries are not Singapore, they don't have what it takes to be even Taiwan.
"When a Rhino looks at the moon, he wastes the flowers of his spleen", as neither Japanese nor Chinese say.
and If you really believe $70,000 is no different from $35,000, I urge you to donate all your income excess of $35,000 to me. I take Venmo, Cashapp.
Taiwan was 1.5x worse GDP-wise in 1960 and now the difference is 2.0x. That's not that much. Especially as I have said about city states and whatnot.
I donate significant amount of my income, just not to you obviously.
and that "probably" ... :)
Look at Ireland's GDP per capita - it's on par with Singapore! But a lot of that is due to the tax strategies of companies like Google that park their IP in Ireland, then "sell" it to countries in Europe. That's all GDP for Ireland. But what happens to the money? It gets pumped back to the US.
It's similar with Singapore. There are huge refineries, and pharmaceutical manufacturing on the island. The country makes these product (often of high value), which contributes to the GDP. But that money exits the country (save for the workers in Singapore) back to the HQ country.
If you look at median wages in Singapore, you'll get a much better sense of the wealth. But do note that the number the Singaporean government quotes doesn't include the 40% of the population that is migrant workers - it's only Singaporean citizens and PRs. So it ignores the bottom ~40% of workers (save for the highly skill people on work passes).
> Most of countries are more or less on the development level that their culture and geographic location permits.
So, given this assertion, no developing country should ever hope to join the ranks of a developed nation? Unless they change cultural variables or conquer new lands. Yet we see this playing out in Europe and East Asia and now Africa and India.
> Taiwan will give Singapore a run on its money
Singapore's GDP per capita is $70,000 while Taiwan's capital city sits at $35,000.
Please cite your sources