SCALING INNOVATION — BLOCK BY BLOCK

Varun Mittal and Lillian Koh

Chapter 3 in The FinTech Nation:Excellence Unlocked in Singapore, 2023, pp 41-61 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Singapore gained independence in 1965 with a population of 1.8 million and a Gross Domestic Product (GDP) of less than USD1B. By many standards, it was an underdeveloped nation faced with social, geopolitical and economic challenges. Fast forward to 2023, 58 years since independence; Singapore is now home to thrice as many people and boasts a GDP of more than USD360B. From being an ordinary shipping port with no comparative advantage to becoming a global financial hub in less than two generations is no accidental feat…

Keywords: FinTech; FinTech Trend; Global FinTech Development (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2023
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