Massive accumulated wealth ╨ reserves are over $60 billion ╨ derived from success as an entrepÖt and center of high-tech industries. Huge state enterprises, such as TAMESEK, with over 450 companies, have proved highly flexible in responding to market conditions. Singapore produces 50% of the world's computer disk drives; the world leader in new biotechnologies.
Weaknesses
Dependence on Malaysia for water. All food and energy has to be imported. Skills shortages in some key areas, especially engineering. Lack of land is restraining further development.
