The Borgen Project
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11th August 2024
Singapore’s Social Safety Net: A Blueprint for Reducing Poverty
Singapore, often hailed as an economic miracle, boasts a diverse economy that has propelled the nation to high-income status. Additionally, the country’s financial landscape is distinguished by a blend of globally leading industries, including manufacturing, services and emerging sectors. Manufacturing, a cornerstone of Singapore’s economy, spans electronics, chemicals and biomedical sciences. Furthermore, it contributes significantly to gross domestic product (GDP) and employment.
Meanwhile, th...