The Singapore formula View(s):Many years ago, my first visit to Singapore was a long stopover at the Singapore Airport, which was a memorable one. The answer is based on the Singaporean Prof. Kishore Mahbubani’s “secret MPH formula” which he used to describe the success of Singapore. I decided to reveal his secret MPH formula to answer not only the question of “Why Singapore became rich?” but also the question that “Why some others remain poor?”Even if others adopt the same economic policies as Singapore did, the secret MPH formula would tell us that they are unlikely to succeed. Right people for the jobThe MPH formula presents three elements that Singapore adopted in governing the nation: the abbreviation MPH stands for Meritocracy, Pragmatism, and Honesty. Singapore’s secret formula teaches us not only why Singapore became rich, but also why many other countries cannot become rich.

Source: Sunday Times July 06, 2019 20:26 UTC