Mice and Medical Tourism in Singapore

Abstract

1. Singapore, Service Hub Country of Asia: Singapore has achieved a high level of economic growth in spite of disadvantages in the city state. The world highest level of economic freedom in Singapore provides a free business environment for foreign investors, which made Singapore to be the best business destination in Asia for the multinational corporations. Singapore has pursued a comprehensive economic development plan by Economic Strategies Committee (ESC). ESC has promoted a 10-year economic development plan with following three priorities; high-skilled people, an innovative economy and a distinctive global city. In order to implement those objectives, ESC recommended seven key strategies to sustain economic growth as stated in Figure 1.

2. MICE (Meetings, Incentives, Conventions, Exhibitions): Singapore, an exemplary hub state of Asia, has developed to be a world best MICE country with a record growth in international meetings during recent years. According to the statistics of Union of International Associations (UIA), Singapore had ranked number one on the world's top international meeting destination by hosting 919 international meetings.