Singapore: On the path to prosperity

collections: History, Economics
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Posted 4 May 2018
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Duration of the video: 1 Min. 58 sec.
Description
Lee Kuan Yew managed to transform Singapore from a tiny island without any natural resources whatsoever into an economically prospering country. He successfully united the nation to reach what is often called an economic miracle: the combination of private and state capitalism. Lee made Singapore prospering, modern, effective and practically free of corruption – and it created a massive inflow of foreign investors into the country. In the meantime, a lot of people are skeptical about what happens in Singapore in terms of social aspects.
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