Also, there may be economies of scale to certain government policies.
The fact that Singapore ranks third in GDP per capita suggests that in government economies of scales are probably not that important.
But the fact that there are public healthcare systems considerably more efficient than the US one suggests scale us important. And wealthy microstates don’t have a solution that scales...if everywhere is a tax haven, nowhere is a tax haven.
The fact that Singapore ranks third in GDP per capita suggests that in government economies of scales are probably not that important.
But the fact that there are public healthcare systems considerably more efficient than the US one suggests scale us important. And wealthy microstates don’t have a solution that scales...if everywhere is a tax haven, nowhere is a tax haven.