Singapore: Not Exactly a SIDS

It already has the world's 44th biggest economy (vs. 129th for Mauritius) and tops all the rankings that really matter so it's kind of silly to call Singapore a SIDS. It is also one of the most open economies so that it should have been hit harder by the record oil prices we've had since July 2005. Still, its rates of inflation since then, as shown above, has been a mere trifle compared to those Sithanen has been consistently throwing at the poor and middle-class over here. And the cumulative rate of inflation is even more revealing for the first 2.5 years since the Labour Party returned to power: 3.4% for Singapore vs. 20.2% for Mauritius. And you can click here to find out or remember what it's like to have the world's busiest port.