After gaining independence in 1965, Singapore faced significant challenges, including a lack of natural resources, high unemployment, and hostile neighbors. However, under the leadership of Lee Kuan Yew and his government, Singapore implemented strong economic policies to attract foreign investment, develop a skilled workforce, and promote trade.
Singapore prioritized education and innovation, investing in its people to create a highly skilled workforce that could drive economic growth in industries such as manufacturing, finance, and technology.
Furthermore, Singapore maintained a business-friendly environment with low taxes, minimal corruption, and efficient administrative governance, attracting multinational corporations and encouraging innovation.
Over the decades, Singapore transformed from a small, third-world country into one of the wealthiest nations globally, with a high standard of living, world-class infrastructure, and a thriving economy.
- But how did this small, impoverished island become one of the best places to live in the world?
- How did Singapore become incredibly wealthy, surpassing its powerful and resource-rich neighbors?
- What strategic advantages, visions, and economic policies created this miraculous story?
All will be shared in a simple and concise manner in this video.
00:00 - Introduction
03:01 - Strategic Position and History
09:36 - Devastation by War
12:20 - Independence - Merger and Subsequent Separation
16:58 - Three Major Issues
20:25 - The Dictator
22:03 - Land - Housing and National Savings Fund
33:25 - Business Support and Development
37:16 - Regional Leap Strategy
40:07 - Attracting Multinational Companies
44:20 - Learning from Israel about Military
47:31 - Financial Hub
50:29 - The People of Singapore
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Stable investment efficiency of SStock over the past 3 years
Year 2024: Target profit is 25%
Past
Year 2023: Actual profit was 19%
Year 2022: Actual profit was 22%
Year 2021: Actual profit was 30%
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