Since Singapore is a technocracy, I tried looking up the dictionary definition:

Main Entry: tech·noc·ra·cy
Pronunciation: tek-'nä-kr&-sE
Function: noun
government by technicians; specifically : management of society by technical experts

Rather disappointing a definition. So I'll define it by myself: A technocracy is is country run by realities, not by people. Kind of the opposite of democracy. Not an entirely bad thing in itself, but then again, few things are, nein?