WHILE the Singapore economy has long been "promoted" out of the ranks of developing countries, the status of its capital markets remains a bit of an open question.
IG Markets states that "a developed economy is considered to be stable and have a relatively high level of economic growth. Its capital markets are developed, with a high level of regulation and oversight, a market exchange and good liquidity in its debt and equity markets". Investopedia says "emerging markets generally do not have the...