The concept of being successful in the global economic environment is a complex one.
The January 17-January 23 2011 Bloomberg BusinessWeek had a short interview of Singapore Prime Minister Lee Hsien Loong.
I found the following excerpt notable, given Singapore’s successes in many areas:
On Globalization
Competition is intense, change is continuous, and the fruits of prosperity are unevenly distributed. The only reliable strategy is for countries to upgrade the skills of their people and the capabilities of their economies. This means educating the population, investing in technology and infrastructure to raise productivity, developing new industries to replace declining ones, and constantly adapting to stay relevant. This is what Singapore is striving to do.
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A Special Note concerning our economic situation is found here
SPX at 1288.50 as this post is written