ABSTRACT
Singapore is a city-state and nation-state with a land area of 650 km2 and a population of 4.9 million, and a dearth of land and natural resources. It has one of the highest inward foreign direct investment (FDI) stock/GDP and outward FDI stock/GDP ratios in Asia, reflecting its small economic size and an economic strategy that shows a lack of xenophobia in government and society.
