Comparative Economic Development: Philippines and Singapore In Asia and even across the world, every country has distinct economic transitions. The global economy contains contrasting progress where absolute gaps can be observed if comparison is to be held between two countries. As there are numerous factors influencing a country’s growth, it is relatively difficult to solve disparities and bridge the said gap. The World Bank tried to classify the diverse economies and aggregate them in accordance with their status. But broadly speaking, states are labeled as developed countries, developing or transition countries and least developed countries. This simple division of nations is essentially useful for comparing and analyzing economic development where we can draw out conclusions and analyses to explain and provide solutions for the differences and inequalities. To highlight this idea of comparative economic development, let us define conclusions as we assess the pictures reflected above. The aim is to grasp similarities and differences between two nations which are the Philippines and Singapore that are both classified as developing countries according to World Economic Situation and Prospects (2020). Singapore, a rapidly industrialized country, has an economic standing higher than the Philippines. In terms of Human Capital Index (HCI), Singapore was rated as the country which has the highest productivity amounting to 88 percent compared to Philippines which has only 52 percent. In spite of this, both countries are the same in the part where their capital indexes for girls are higher than boys. Comparing from the angle of their Gross Domestic Product (GDP), the Singapore’s rapid growth which gained a maximum of 9.2 percent has been classified as one of the highest across the world. Conversely, Philippines economically grew only to 6.4 percent as its upper limit. At this point, we can draw out contrast between the two where Singapore is considered as a high-income country while Philippines is still on its way to become an upper middle-income country. According to World Bank, Singapore has Gross National Income (GNI) per capita in Purchasing Power Parity (PPP) valuing to 92, 270 in 2019. Meanwhile, Philippines has only 10, 230 as its most recent value. This event speaks volume. This means that the overall level of economic activity of Singapore is approximately 9.02% higher than the Philippines. Thus, the summary index of relative economic well-being of people in the former country is explicitly greater than the latter. In line with their agriculture and rural development, Singapore and Philippines have close ties on the index of food production earning 114.9 and 114.0 respectively. The production trend of the Philippines’ index is increasing while Singapore’s index is decreasing. Another economic indicator which is education where the total youth literacy rate of Singapore is 100 in 2018 while Philippines has 99 in the year 2015. Only Philippines has recent value on its population living on slums which is 43 percent of its urban population and it has annual consumer inflation rate of 2.5 percent while Singapore has 0.6 percent in 2019. Furthermore, economic development of the two countries could be attributed to its level of trust and governance. Quah (2010) highlighted that Singapore has higher level of trust and governance due to its efficient political leadership who effectively facilitated the economy in contrast with Philippines where its failure is credited to political instability and corruption.