Singapore is one of the world’s mostprosperous countries with strong international trading links (its port is oneof the world’s busiest in terms of tonnage handled) and with per capita GDPequal to that of the leading nations of Western Europe. Singapore has a highlydeveloped and successful free-market economy. It enjoys a remarkably open andcorruption-free environment, stable prices, and a per capita GDP higher thanthat of most developed countries. The economy depends heavily on exports,particularly in consumer electronics, information technology products,pharmaceuticals, and on a growing financial services sector. Over the longerterm, the government hopes to establish a new growth path that focuses on raisingproductivity. Singapore has attracted major investments in pharmaceuticals andmedical technology production and will continue efforts to establish Singaporeas Southeast Asia’s financial and high-tech hub.