Dubai vs Singapore

The set up The catalyst of colonial trade turned two humble coastal towns into regional powerhouses We had to create a new kind of economy, try new methods and schemes never tried before anywhere else in the world, because there was no other country like Singapore,” wrote the nation’s first prime minister Lee Kuan Yew in his memoirs.  Countries the world over have since sought to emulate the Southeast Asian city-state’s model of progress which has seen a small developing nation turn into a global hub of trade and finance in a matter of decades. Some have called it an economic miracle. Similarly, Dubai has also had to cast its own economic mold in moving away from hydrocarbon dependence into what the International Monetary Fund called a “Singapore-type diversification into global trade and services.” Though separated by nearly 6,000 kilometers of the Indian Ocean, analogies and similarities between the two