Singapore’s two main sources of wealth are it’s port and it’s banking system. In both cases the wealth gets produced outside of Singapore and then Singapore profits from that.
It’s unlikely that creating a big new port would be economically feasible. As far as banking goes, it’s not in the interest of host countries to create tax shelter that allow capital to leave into the tax shelter. The same goes for having a low taxation area. If you create a low taxation area in the US to get businesses to create jobs inside that area other areas of the US will have less jobs.
US citizens likely don’t want a city that produces a lot of drugs because it has low regulation either within the US territory.
Singapore’s two main sources of wealth are it’s port and it’s banking system. In both cases the wealth gets produced outside of Singapore and then Singapore profits from that.
It’s unlikely that creating a big new port would be economically feasible. As far as banking goes, it’s not in the interest of host countries to create tax shelter that allow capital to leave into the tax shelter. The same goes for having a low taxation area. If you create a low taxation area in the US to get businesses to create jobs inside that area other areas of the US will have less jobs.
US citizens likely don’t want a city that produces a lot of drugs because it has low regulation either within the US territory.