How Singapore got so rich: economic miracle explained

Discover the fascinating journey of Singapore's economic transformation in our latest video, "How Singapore Got So Rich: Economic Miracle Explained." From a small, resource-poor island nation to one of the world's most prosperous countries, Singapore's rise is nothing short of miraculous. In this video, we delve into the key factors that fueled Singapore's rapid economic growth, including the visionary leadership of Lee Kuan Yew, strategic planning, robust trade policies, and innovative development strategies. We also explore the critical relationships with major global economies such as China and the U.S. Learn about the pivotal moments and decisions that propelled Singapore to global prominence and uncover the lessons other nations can learn from its success story. Subscribe to our channel for more in-depth economic insights and international analytics.
#singapore #leekuanyew #economicmiracle

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00:00 Tiny Island, Great Success
00:30 The Outlier
00:50 LKY's Strategy
02:17 Manufacturing
03:18 Finance
05:05 Tourism
06:23 Export Powerhouse & Investment Destination
06:50 Freedom of Press
08:06 The next PM
09:07 Foreign labor
09:50 Human Capital Development

[RealEconomicInsights]

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[vincentisaacvoces]

a better story is how Singapore got so sick. So many young people with chronic illness.

[MNomad]

Miracle? Naah...Singapore has been shipping ports for centuries and was developed by colonial powers way before Singapore was independent. After independence, Singapore received hundreds of millions to host US and and Israel military base. With those millions of dollars it is easy to develop an island nation. Imagine, you can travel around Singapore in a day. Therefore, Singapore already had a strong foundation for it to flourish. It is like a child of a rich parents, it is no miracle if the child also grew up to be rich.