The nation of Singapore has no natural resources to speak of,must import its water,and is very small in landmass.However,it has a very high real per capita gross domestic product (GDP)and a literacy rate of over 95 percent.How can such a small country with no resources be so prosperous?

Question

Quizplus · Accepted Answer

Singapore has made a conscious effort to invest in its human capital, which refers to the skills, knowledge, and experience of its workforce. It has a strong education system, with emphasis on science and technology, and attracts talent from all over the world through various initiatives. This has allowed Singapore to become a hub for innovation, technology, and finance, which has helped to drive its economy forward despite its lack of natural resources.

The Nation of Singapore Has No Natural Resources to Speak