I second this from a small business ownership standpoint.
‘ “This has been a country of frightened, intimidated people. In the 1950s and ’60s, Singaporeans were feisty, gung-ho people but Lee and co killed their spirit,” said King.’
http://www.inewstoday.net/2012/singapore-is-not-good-model-for-developing-country/
These two posts are related and specific to my industry:
Singapore has no resources has labour but Had factories
Why Singapore is the culturally driest among the four asia pacific tigers
Keching 