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...

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...