Singapore ranks 4th on The Economist’s 2023 crony-capitalism index
Singapore ranks fourth in The Economist’s 2023 crony-capitalism index, trailing behind Russia, the Czech Republic, and Malaysia. The index assesses how plutocrats profit from rent-seeking industries that benefit from state favoritism in 43 countries with a GDP over $250 billion. Singapore’s billionaire wealth from crony sectors amounts to over 10% of its GDP.
