Scro, I do not think the model is wrong or simply right. There is a price to pay to establish a law and order society. There are both sides to the picture. If you establish the eminence of law and order, you permit transparency and promotes business tremendously. The promotion of business is an important first of Singapore's economy. There is the social good as crime rates go down. Singapore has this good advantage of transparency of law in this global economic arena.
Entrepreneurship is not so simple to develop as coming from folks with just creativity and independent thought.