How Singapore Got So Crazy Rich

Singapore has transformed itself from a colonial trading port to a buzzing financial center in just a matter of decades. It’s been held up as an example of how small countries can seek a pathway to rapid growth and development. So what’s the city-state’s formula for success? And as Lawrence Wong takes over from Lee Hsien Loong as prime minister, what must he do to maintain it?

Read more about Singapore's upcoming transition of power on Bloomberg:

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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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[ghostmarine]

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.

[kisshibae]

"we should build on what we have today." IF ONLY EVERY OTHER LEADER UNDERSTOOD THIS.

[Xwisit]

Shows what a country can be without corruption.

[lootster]

Proud Singaporean here! Our nation's success is thanks to the incredible vision of Lee Kuan Yew and his team. 🇸🇬

[AaronTilt]

it took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen.I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now. Any guidance in this regard would be much valued.

[jamsbong]

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.

[maffy]

Hard-working, law abiding, decent people. Their success is well deserved!

[tikkivolta]

1-sentence summary: Singapore became wealthy through strategic planning, focusing on manufacturing, finance, low taxes, and attracting global businesses and talent.

[sweealamak]

There is a method to Singapore's miracle. Never blamed others, never blamed themselves, never blamed anyone.

[jeremygood]

Every family has that one person who will break the family financial struggle, I hope you become the one😊

[ClydeW.Jenkins]

There's a book called Hidden Time Wealth, and it talks about how using some secret techniques, you can overcome procrastination and accomplish anything in life. It's not just a bunch of empty promises; it's the real deal.

[Bonbon-C]

The answer is universally known: NO CORRUPTION! As simple as that!

[LeTangKichiro]

As a Swiss citizen, I congratulate Singaporeans for their achievement! I wish you much more success.

[Zibonnn]

It takes ONE visionary and capable leader to transform a country!

[derekcaan]

Singapore is such a great example for Asian countries

[Blondelo]

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.

[avarmauk]

So much owed to the vision of one very very intelligent and driven man. Lee Kwan Yew’s contributions were immeasurable. Arguably the best nation builder of modern times

[thebishanmethod]

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.

[danielf]

Singaporean should be proud of their beautiful country. I really wish for the same success for Haiti.

[wilfredpeake]

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