Singapore's Leadership Transition Raises Concerns Amidst Economic Success and Social Strains

Singapore, once known for its wealth and strictness, has evolved into a glamorous global destination. Hosting major events like Taylor Swift concerts and Formula One night races, the city-state has become a symbol of opulence. Interestingly, its per capita income now surpasses that of the United States, signifying a remarkable economic shift.

After close to two decades of leadership under Mr. Lee Hsien Loong, Singapore is set to usher in a new era on Wednesday. The 72-year-old prime minister is passing the baton to his 51-year-old deputy, Lawrence Wong. The People’s Action Party, which has governed Singapore for over 60 years, has enjoyed notable success under their leadership.

Despite its economic achievements, the renowned "Singapore model" is facing criticism as it appears to be leaving certain segments of the population behind. The city is now considered one of the most expensive in the world, yet it lacks a minimum wage system. Housing costs have soared, and social mobility has declined significantly, according to many Singaporeans. Additionally, concerns persist over the tight control on freedom of expression, albeit less stringent than before. The situation is further complicated by the reliance on foreign workers, with non-citizens constituting around 40 percent of the population.