I believe in a decade Singapore will the world's foremost biotech recearch center and western recearch a pale resemblance or its current state.
When fundamental christians as well as the leftists of the western world slam down on the recearch in the most important areas - genetics, the Singapore government declared a hands-off zone. Stem sells, embrio, cloning, animal - nobody cares or gives a damn. Already quite a few prominent US and british researchers moved there to work on the projects that are impossible to conduct here. If it continues for a few years, they will have a solid research industry that will be impossible to dislodge.
And to speak realistically, once they come out with some treatment for degenerative desease or a recipes for gene-manipulation to create a designer babies, the westerners will eagerly buy them. They would not care whether the research was done on one of the stem cell lines not approved by Bush or a tortured monkey, etc.
miko