> "Singapore's way of doing things is that the government leads, then others follow," he told me. "This might be a problem - it is too centralised and so it may

> "Singapore's way of doing things is that the government leads, then others follow," he told me. "This might be a problem - it is too centralised and so it may take too long for plans to trickle down. Thus far, this economic model has well helped Singapore keep up with the times—though often not the first mover, Singapore is a consistent adopter of technologies just as they go mainstream. (c.f. NFC in public transport, sustainable architecture, smartphones, optical fibre) But given the region's diverse business climates, I wonder if the more usual decentralized approach makes sense for most verticals for the region. Without significant expertise and infrastructure in localizing across the region, the SAM for any new product or service seems to be sufficiently small that technological improvements in most markets do not scale great enough to offset R&D costs and other fixed-cost risks for the potential margins to be enticing to investors.