06 Jun '13, 9pm

Singapore Needs Immigrants, Says Jim Rogers - Forbes

Singapore Needs Immigrants, Says Jim Rogers - Forbes

While he describes Singapore as being “extraordinarily well run,” Rogers believes that limiting immigration will be detrimental to its future development. “One of the reasons why Singapore has been successful is because it encouraged immigration and nearly everyone in Singapore is an immigrant or family of an immigrant,” he says, before adding that “Lee Kuan Yew [Singapore’s founding Prime Minister] is a second-generation immigrant.” With its low taxes, low unemployment rate, and good rule of law, Singapore has always been an appealing immigration destination. In recent years, it has also become a haven for the world’s rich and famous. Besides Jim Rogers, Singapore’s new residents include Chinese celebrities Jet Li and Gong Li, as well as several members of Forbes Asia ‘s Singapore rich list: New Zealand-born investor

Full article: http://www.forbes.com/sites/davidyin/2013/06/06/singapore...

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