Singapore returns to innovation as a motor for growth

Economist.com %7C Face value:

"SINGAPORE%2C one of the first Asian economies to be called a tiger%2C is roaring again. In the second quarter of this year its GDP was 12.5%25 higher than in the same period in 2003%97when%2C admittedly%2C SARS took its toll on an already lacklustre economy. The government is now forecasting growth this year of up to 9%25%2C perhaps second only to China in Asia. Much of this growth is due to manufacturing exports%2C above all of pharmaceuticals%97second-quarter output of which was 51%25 higher than a year earlier."