Friday, January 27, 2012

Singapore Politics

IT IS a proud boast of Singapore that this very small but immensely wealthy city-state is the least corrupt and best place to do business in the world. And a chief reason for that, at least according to the politicians, is that they themselves are by some way the highest-paid elected officials in the world. Why would a minister bother with corruption, so the argument goes, when he can take home S$1.6m ($1.3m) a year for just keeping on the straight and narrow?

Singapore politics: Falling on their wallets | The Economist

It pays to be a politician in Singapore. Compare this with the US President $400,000 salary. After some public anger the salaries of government official in Singapore were lowered, but still higher than most places. Is this the secret recipe for low corruption? That is the debate.

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