How Singapore Got So Crazy Rich
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Published 2024-05-10
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00:00 Introduction
00:54 Lee Kuan Yew’s strategy
2:03 Finance transformation
3:10 Leisure and Entertainment
4:20 Singapore’s challenges
5:18 Leadership transition
#Singapore #Wealth #Bloomberg
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All Comments (21)
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Senator, I'm Singaporean.
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Shows what a country can be without corruption.
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The fact is that a lot of countries have the potential to become very strong both militarily and economically. But the corruption makes it impossible for the country to become so.
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"we should build on what we have today." IF ONLY EVERY OTHER LEADER UNDERSTOOD THIS.
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Proud Singaporean here! Our nation's success is thanks to the incredible vision of Lee Kuan Yew and his team. 🇸🇬
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Hard-working, law abiding, decent people. Their success is well deserved!
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There is a method to Singapore's miracle. Never blamed others, never blamed themselves, never blamed anyone.
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This is a perfect example of a government/leadership that focuses on serving the people. Most countries in the world don’t even do that. Once politicians gain power, they realize they can easily serve themselves and thus corruption exists.
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1-sentence summary: Singapore became wealthy through strategic planning, focusing on manufacturing, finance, low taxes, and attracting global businesses and talent.
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It takes ONE visionary and capable leader to transform a country!
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Singapore is such a great example for Asian countries
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The answer is universally known: NO CORRUPTION! As simple as that!
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It was actually the oil industry. It was basically a gas station for traders. It constantly invested in human development. And made sure that money could only be put into productive assets
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Singapore, the worlds fiercest and friendliest little Authoritarian One Party State. That comes directly from Singaporean family of mine. They have an unspoken social contract with their government, and from what i've seen, most Singaporeans will happily give up many of their freedoms for the safe, prosperous and long lives they get to live.
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The BTO flat in Singapore has been instrumental in fostering wealth creation among a majority of citizens.
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As a Swiss citizen, I congratulate Singaporeans for their achievement! I wish you much more success.
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I worked in this incredible country for two years. Although I wouldn't have children in Singapore, It is scary how efficient a country can be. I wish more leaders would look to Singapore as an example of proper leadership.
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Singaporean should be proud of their beautiful country. I really wish for the same success for Haiti.
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Because LKY was one of the last truly great statesmen and sacrificed his life to build up the country. I say this as a westerner.
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Low corruption, heavy investment in education and infrastructure, a government that regulates properly and builds trust for companies and individuals... The recipe is there, but most countries just decide not to implement it.
