Singapore is well known for its advanced economy, and its prosperity is most visible in its high-rise architecture and huge shopping malls. While this image dominates the self-perception of the city-state as well as the international image of this ‘Tropical City of Excellence’, rising social...

Due to the current economic downturn, Singapore has experienced one of its most severe recessions since independence. The financial crisis, which caused a fall in prices at most of the world’s leading stock exchanges and a sharp decline in industrial production, has also had a negative impact...