Singapore -- Incorrupt system / Meritocracy fix / Laundering role
Story by Chua Peck Ming, in AsiaOne: http://business.asiaone.com/news/secrets-behind-singapores-incorrupt-system-pm-lee
COMMENTARY: How Singapore is fixing its meritocracy. "In Singapore, a liberalizing middle-class society, the once-revered idea of 'meritocracy' has recently acquired negative overtones due to its association with elitism. However, meritocracy can — and probably did — provide a successful way of combining rewards, incentives and competitiveness with equality of opportunity. The question for Singapore today is whether this meritocratic balance can be achieved again in a competitive global city obsessed with a war for talent."
Op-ed by Kenneth Paul Tan, in The Washington Post: https://www.washingtonpost.com/news/in-theory/wp/2016/04/16/how-singapore-is-fixing-its-meritocracy/
INFO: Singapore plays an important role against money-laundering says official. The Monetary Authority of Singapore (MAS) has put in place a "robust preventive regime" that combines tough licensing requirements, strict regulations and rigorous supervision, said Chan Chun Sing, Minister in the Prime Minister's Office.
Story in The Economic Times: http://articles.economictimes.indiatimes.com/2016-04-13/news/72294979_1_channel-news-asia-chan-chun-sing-singapore