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  • Singapore's abandoned bikes show how not to regulate the sharing economy

    Leon Voon

    July 18, 2018 |

    Apolitical |

    Text |

    800-1500 Words

    Response Location: Singapore, Singapore

    The tale of bike-sharing in Singapore sheds light on how governments can predict and manage technology changes in the future. Three bike-sharing startups quickly dominated the market, raised money, feared impending regulation, and then left Singapore. Had the government utilized better forecasting, by paying more attention to reports and the external environment, maybe the problem of countless deserted bikes could have been avoided. For now, the government can note its regulatory mistakes and prepare better for future technology.

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