How Does Singapore’s Economy Outperform Other Asian Economies? | Economy of Singapore

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How Does Singapore’s Economy Outperform Other Asian Economies? | Economy of Singapore | Econ

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Күн бұрын

"Singapore's economy is a true success story. From its humble beginnings as a British colony and post-war economic struggles, the city-state has transformed into a thriving, global economic hub. With a GDP per capita of over $72,000, Singapore consistently ranks as one of the wealthiest countries in the world.
One of the key strengths of Singapore's economy is its focus on export-oriented manufacturing and a strong services sector. The government has also played a pivotal role in attracting foreign investment and promoting a business-friendly environment.
However, Singapore also faces some challenges in maintaining its economic growth. Income inequality remains an issue, with a significant portion of the population struggling to keep up with the rising cost of living. Additionally, the country's small domestic market and dependence on foreign trade make it vulnerable to global economic fluctuations.
Despite these challenges, the future looks bright for Singapore's economy. The government has outlined ambitious plans for the country's digitalization and technological advancements, which are expected to drive growth in the coming years. Additionally, its strategic location and strong diplomatic ties make it well-positioned to capitalize on the increasing economic integration of Southeast Asia.
Join us as we take a closer look at the history, current state, and future prospects of Singapore's economy. From its strengths and envied wealth to its challenges and areas for improvement, we'll explore the factors that have shaped this small but mighty nation's economic success."
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Maps contributers:
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Пікірлер: 78

@econYT Жыл бұрын

Hi! Awesome people of the internet. -Comment and Suggestions are welcome. -Sharing videos with people who you think might enjoy such content. -Subscribe for more economics content You are awesome :)

@carkawalakhatulistiwa Жыл бұрын

Singapura is Malay territory. And they gen money from Malaka starit

@matrix7034 Жыл бұрын

One of the key strengths of Singapore's economy is its focus on export-oriented manufacturing and a strong services sector. The government has also played a pivotal role in attracting foreign investment and promoting a business-friendly environment.👍

@agatestringfam2740 Жыл бұрын

God bless this city fam.😎😇🎆🔥🎆🔥🙏

@matthewpeloso2172 3 ай бұрын

This is reliant on manipulation of their currency.

@nothing-pu4mk Жыл бұрын

Underrated channel editing is top notch

@demonslayer3683 Жыл бұрын

True.

@endi4654 Жыл бұрын

This is the most comprehensive infotainment video on history of Singapore economy. Unlikely anyone will touch on Singapore port as the competing port with Batavia (now West Jakarta)

@davidlo168888 Жыл бұрын

Anti-corruption is the key !

@TheWedabest Жыл бұрын

If I'm not mistaken, in Singapore, corruption is punishable by the death penalty! All countries should have that!

@Also_sprach_Zarathustra. 7 ай бұрын

@@TheWedabest How do you define corruption?

@TheWedabest 7 ай бұрын

@Also_sprach_Zarathustra. dishonest or fraudulent conduct by those in power, typically involving bribery. That's the dictionary definition.

@lucmarchand617 Жыл бұрын

The key Singapore's is tough on crime and discipline goverment on managnement.the lee gov't was smart man period.good video.

@angeluscorpius Жыл бұрын

From 5:48 one of the best summary and explanation of Singapore's success. Note that eventual "map" or "web" of PAP's (or the Government's) role in the centre of the web was not attained instantly or in full from the start. It grew organically. But it is what governments should do - plan holistically.

@Also_sprach_Zarathustra. 7 ай бұрын

or we should just replace governments by an AI who can do it more efficiently, rationally, and without possibility of corruption.

@angeluscorpius 7 ай бұрын

@@Also_sprach_Zarathustra. Sure. And in a democracy, the AI just needs to win the election. Or in a non-democracy, the AI just needs to organise a coup to overthrow the govt.

@steveo7502 Жыл бұрын

Background music slightly too jazzy and loud to focus on all the detailed slides provided. Otherwise, a good quality video

@pierceenglund 8 ай бұрын

naw i fw it

@sugarly69 Жыл бұрын

thanks for this. timely and educational

@morpheusdamon348 Жыл бұрын

[comment for the algorithm ] earned a sub.

@thuongpham7208 Жыл бұрын

Singapore, the best coutry i have been there.

@taipangwong356 4 ай бұрын

Must be hillbilly visiting

@kevnev342 Жыл бұрын

who said dictatorships don't work

@daanhoekstra4519 Жыл бұрын

Is Singapore a dictatorship?

@chl6824 Жыл бұрын

It's a risky bet though - you either end up being a millionaire or a beggar.

@wanstorut7730 Жыл бұрын

@@chl6824 Anytime better than Democracy which is the worst🤢

@enhancedutility266 Жыл бұрын

@@daanhoekstra4519 close it's considered a one party authoritarian state but it does allow elections but they always win by high margin so it's kind of a moot point

@gloriagloria5377 Жыл бұрын

@ch l, Oh, but the bet in Communist China is also successful. Despite their regime, they also have to be elected. At least Communist China is getting more progressive than the demoncratic West.

@arunbansal3621 Жыл бұрын

Hail to your research and presentation !!

@ashuttossh Жыл бұрын

Can you make a separate video on how you edit your videos

@alfredhu7366 9 ай бұрын

Oops...u got everything right, except for the last statement about free speech and loosen up. In fact the politics today compared to it's early days , it's now more liberal. If u expect Singapore to practice the western norms, then for sure u will see Singapore's downfall much faster than any country. Singapore it's a totally different "creature".

@JamesMassie-vm2cu Жыл бұрын

Amazing

@mrRobotX_x Жыл бұрын

👏👏👏Great Video....

@derrickw539 2 ай бұрын

I actually love this video. The mindmaps drive home the point clearly and allow me to understand your content easily. This is the first video I come across as I am looking for resources for my assignment and I do not regret clicking on it!!!!!!! However, just to note, Singapore has already repealed the law Section 377A, which bans gay sex, on the November 29 2022, just before this video was uploaded.

@keki4578 Жыл бұрын

Hey, do you mind sharing what apps or software you use to make these videos?

@econYT Жыл бұрын

After effect

@kanakvashisht3855 10 ай бұрын

can I know the link for the graph used in the video at 2:30

@leewn2319 10 ай бұрын

Sg success is its acute awareness of its size,risk lack of natural resources and its only resource is manpower. Hence, it’s crucial that Sg approach development in a holistic manner with all policies from Seurity, political, stability, rule of law, housing, education, healthcare, R&D, manufacturing, trade, investments, building of National reserves, etc,being closely coordinated. These together with building trust / support between govt & people, clear explanation of policies, zero tolerance for corruption & social ills such as drugs, racial / cultural / religious discrimination. The strong far sighted govt leadership and willingness to make personal sacrifice for the progress & preparation for future generations makes Sg success story.

@newyorkernewjersey 4 ай бұрын

great video! but the music needs to be louder haha

@HShango Жыл бұрын

This shows succesive govs in the uk run the four nations very poorly.

@Also_sprach_Zarathustra. 7 ай бұрын

we should just replace governments by an AI who can do it more efficiently, rationally, and without possibility of corruption.

@lightboi9752 6 ай бұрын

Stamford Raffles did not go there to establish an outpost. He went there after hearing about the dutch eyeing the "Indian islands"(Indonesia). Singapore wasn't even a proper town back then.

@user-yo7fx2xn8m 10 ай бұрын

Through foreign investments

@lingth 5 ай бұрын

Not changing the leadership every 4 or 8 years can be good if the leader in power is a good one.. I would like a good leader to serve for 20 or 30 years rather than be forced to step down after 8 years for another useless one..

@Hoxxee Жыл бұрын

Hey Econ team, I am want to connect to you. How is it possible?

@tejasviaanand Жыл бұрын

He is Indian

@Godgod-wdadadawdawdawdwad Жыл бұрын

they don't whine about colonization and victimhood they just get their buts up and work that's why they achieved this much, apart from countries like India who wont shut up about thing that every other nation literally suffered from too..

@bindutiwari4263 7 ай бұрын

British ignorance and jealousy can be smelled from your comment

@taipangwong356 4 ай бұрын

Just take in rich people, keep eye shut if their money is filthy, so long as they are wealthy

@tonilim-tw8ep 7 ай бұрын

Wish Singapore Gov could supply to every jobless old folks over 70 years old Every month S$450 For daily meals

@charleswilson8038 Ай бұрын

They holding loads of US treasure

@frankb9299 8 ай бұрын

well the U.S. is very loose how is that working out?

@mrj475 4 ай бұрын

Nah, they just took south east asia land and the location is well known since ancient time as trading route. Nothing great about it and they become a militiry hub for Israel and America

@MehesaWongAteleng Жыл бұрын

Thumbnail how Singapore destroy Indonesian economy

@NewmaticKe Жыл бұрын

The top five sources of foreign investment in Indonesia are as follows: Singapore - US$13.3 billion; China - US$8.2 billion; Hong Kong - US$5.5 billion; Japan - US$3.6 billion; and Malaysia - US$3.3 billion.

@MehesaWongAteleng Жыл бұрын

@@NewmaticKe Singapore dapat 5000 triliun rupiah tiap tahun dari perdagangan Indonesia

@bonkersblock Жыл бұрын

This knows nothing about economics! That’s the problem of KZfaq! You have plenty of people who claim to be an expert of nothing? But is an expert anyway! Talk about Singapore will be royally screwed now globalization is dead!

@shahidann9200 3 ай бұрын

老實說自古以來新加坡的人才不多新加坡是小國今日的繁榮能撐多久去看泉州府港曾是世界第一大商港是色目人建立和經營的大港今天呢它在哪了今日的新加坡明日變泉州港新加坡人才懂多少呢看懂英文讀了英文書就能救新加坡嗎？新加坡會有一天敗落下來新加坡人能救嗎？論危機意識能防禦明日的厄運嗎？新加坡人的眼睛昏花了嗎？老是批判台灣論述局勢能躲避明日的危機嗎？我看新加坡人才少台灣的蠢才都比新加坡人強