At independence, Singapore had a workforce of three million people and a huge percentage of them were unemployed. More than two-thirds of the city-state's population lived in slums and illegal settlements. (Zhou) There was a lack of natural resources, sanitation, adequate infrastructure and adequate water supply. Then, former Prime Minister Lee Kuan Yew tried to ask for international assistance, but to no avail, leaving Singapore to dig itself out of its adverse situation. Learning from Israel's ability and success in bypassing its boycotting Arab neighbors and trading with Europe and America, Singapore knew we had to connect with the developed world and convince their multinationals to invest in Singapore. It was then that globalization was pioneered and officially embraced as one of Singapore's state policies. With the adoption of globalization, it has broken down borders and made the flow of messages, ideas, work and goods easier. However, interconnectedness has also led to an increasingly confused identity, and many other impacts that are consequential to a nation state have been ignored. Therefore, although it is an indisputable fact that economic prosperity has been the result of a globalized economy (The World Factbook), we must ask ourselves a question. Economic wealth at what cost? Are we willing to give up our national identity, culture and values ​​in exchange for a higher gross domestic product index every year? A recent Gallup report shows that Singapore's affluent population is the unhappiest, compared to the populations of Iraq, Haiti, Afghanistan and Syria. (Hoegberg, 2012) Perhaps, money really can't buy happiness. In this article, I will argue that de... middle of the paper... and the choice of how far to go to get what we want, especially economically considering the fruits that Singapore reaps every year. Therefore, some of the policies that the government has put in place with our economy as its best interest when implementing them should be renewed. An example would be the immigration policy that has allowed the many foreigners we see today. These policies should be carefully thought out and refined to address social and cultural issues that may arise. To ensure that a country is prosperous and that its people are happy where they live, we must balance all three aspects: economic stability, social and cultural aspects. What we need is not a house but a place called home. By taking these three factors into consideration, Singaporeans would feel a sense of belonging and enjoy the benefits brought by globalization.