Policy also plays a role in Singapore's wealth, with the city-state boasting low taxes, efficient regulation and high rating for quality of life.
政策在新加坡的财富积累中也扮演了重要的角色。这个国家常以低税率,高效管理和高品质的生活而著称。
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They, too, are trying to learn from more established financial centres what they must do to achieve the magic mix of transparent regulation, good infrastructure and low or no taxes.
As a result the new rules may weaken the management of rescued banks-just as low pay arguably weakened regulation and helped cause the financial crisis.