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Singapore 2020

Economically, Singapore is one of the most open, and thus competitive, markets in the world. The ‘2011 World Bank Ease of Doing Business Index’ ranks Singapore as the best country in the world to do business – ahead of Hong Kong and New Zealand (Economy Watch, 2010).

With the success of the Integrated Resorts in boosting Singapore’s economy, we foresee the construction of a 3rd casino and convention center to further boost the economy market in Singapore in 2020. As a result of this there will be an expansion of the Retail and hospitality sector (Lim, 2011).

These success have been coming from the Singapore’s government has been very proactive and farsighted in terms of infrastructure being central to socioeconomic development (NUS, 2012). The result of this is that Singapore has one of the best infrastructures and business environment in entire Asia, thus we will see a continual attraction of investors to Singapore on basis of its infrastructure to 2020 and beyond (Chen, 2012).

Politically, the rising of the opposition party in the Election in 2011, was the start of the evolution of Singapore into a dual party system. In 2020 will see opposition parties forming a political bloc similar to what is seen in the United States of America between the Democratic and the Republicans.

We would also see a rising number of young Singaporeans involved in politics. This trend can be observed in the allowance of Nicole Seah, aged 24, to campaign for candidacy. We will also see an increase in Female participants in the political arena.

During the last election, one of the main concerns is the increase in population. In 2020, we will see the development of laws to protect a wide variety of people due to the increase in expatriates, foreign workers and even people with dual citizenship. Laws will be put in place to ensure all demographic sectors are represented. There will also be a decrease in the income gap due to government initiatives to bolster...