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Mice and Medical Tourism in Singapore

Author

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  • Lee, Jae-Ho

    (Korea Institute for International Economic Policy)

  • Park, Na Ri

    (Korea Institute for International Economic Policy)

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.

Suggested Citation

  • Lee, Jae-Ho & Park, Na Ri, 2013. "Mice and Medical Tourism in Singapore," World Economy Brief 13-49, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2013_049
    DOI: 10.2139/ssrn.2360985
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    Cited by:

    1. Stoeckl, Natalie & Farr, Marina & Larson, Silva & Adams, Vanessa M. & Kubiszewski, Ida & Esparon, Michelle & Costanza, Robert, 2014. "A new approach to the problem of overlapping values: A case study in Australia׳s Great Barrier Reef," Ecosystem Services, Elsevier, vol. 10(C), pages 61-78.
    2. Gu, Xinhua & Wu, Jie & Guo, Haizhen & Li, Guoqiang, 2018. "Local tourism cycle and external business cycle," Annals of Tourism Research, Elsevier, vol. 73(C), pages 159-170.

    More about this item

    Keywords

    Singapore; MICE; Medical Tourism;
    All these keywords.

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