The study seeks to differentiate between the economic development model of Singapore and that of Panama. Its importance lies in determining the macroeconomic variables that comprise GDP, the inflation rate, foreign direct investment, and employment, in which Singapore obtains more significant levels than Panama. The behavior of Singapore's economy since the 1960s has been growing and constant. Education was a determining factor in its model of economic development. The use of a Confucian philosophy constituted the ideological philosophical model that united Singapore's society, establishing long-term objectives and an indissoluble unity in government policies from 1965 to the present. In the ideological model of Panama, an ideological and integrating factor of society was not observed. In this comparative study, one impact-determining variable was observed: The Confucian philosophy linked to the educational model, which helped to further enhance the economic development of Singapore.