In 1963, when it became independent from the
British Empire and after its economy was devastated by the Japanese occupation during the Second
World War, Singapore was nothing more than an agglomeration of shanties. A place where every bathroom and kitchen was
shared by several families . Things at the economic and social level were
hard, and they weren’t very different at the political level either. The truth is that Singapore’s beginnings
weren’t at all promising: See, at first, Singapore united with Malaysia,
but the romance didn’t last long. Just two years later, in 1965, and after several
political and ethnic clashes with the aristocratic and extractive Malaysian government, Singapore
was expelled from the Malay Federation and was de facto forced to declare itself independent. Folks, the challenge that this small territory
faced was huge: Singapore was poor, it had less than two million
inhabitants, and it lacked any natural resources. It wasn’t even self-sufficient in terms
of food and water! But just a second, because the story we all
know is a bit different, don’t you think? Today, just five decades later Singapore is
an independent country, and this city-state is one of the capitals of the world and one
of the richest territories on the planet. Check out the following graph. Folks, take a seat: since 1960, Singapore’s
economy has grown by more than 7.5 percent per year. We’re talking about a huge growth rate that
has allowed Singapore to experience the fastest development process in the history of mankind. Today this city’s per capita income is much
higher than that of the United States, it is more than twice that of middle-income countries
like Spain, and almost four times that of Chile, which is considered the most prosperous
Latin American country. Don’t tell me that isn’t amazing. Now, the question we can all ask ourselves
is, how did this tiny city-state achieve such a huge amount of economic growth? Well, let’s see. (TAKE-OFF) Folks, this entire story has one clear protagonist:
Lee Kuan Yew the autocratic Prime Minister who governed Singapore between 1959 and 1990. Now, few people would’ve bet that this country
would end up having a bright future. And, folks, Lee Kuan Yew’s first years leading
Singapore didn’t bode well. As Secretary-General of the Popular Action
Party, a party that belonged to the socialist international party, this Prime Minister initially
flirted with so-called import substitution industrialization policies. A political approach that blindly commits
to protectionism as a way to achieve development. Something that was particularly popular throughout
the 20th century in Latin America. Well, actually, in a way, it still is. Really, in his first years of government,
Lee Kuan Yew was closer to Argentine politicians than to anyone who supported the free market
and globalization. However, folks, unlike what happened in Latin
America, in Singapore, they soon realized that this type of policy was by no means the
best way to escape poverty. That’s why, starting in 1965, a very different
approach was launched– a political and economic commitment that transformed Singapore completely: Opening up to the global market. “When most Third World countries denounced
the exploitation of Western multinationals, in Singapore we invited them. That’s how we achieved growth, technologies
and the know-how that boosted our productivity more than any other economic policy could’ve
done.” Lee Kuan Yew) Now, Singapore hasn’t been anything close
to a prototype of an orthodox libertarian state, where the government doesn’t interfere
in any economic activity. On the contrary, the Singaporean government
has played, and still plays a very important role. But before you attack me, let’s say they did
it in a very different way than we’re used to, for example, in old Europe. “Things are changing quickly and we’re
having to adjust and keep up; due to technology, globalization, we’ve had to anticipate what’s
happening, we have to help companies and workers to adapt.” Lee Hsien Loong) In Singapore, the government didn’t try
to take over the larger sections of the economy; nor did they attempt to regulate everything
down to the smallest detail; nor, of course, did they try to expand public
spending and taxes. Quite the opposite. In Singapore’s case, we can basically think
of it as a state-company or, better yet, a city-company. That is, Lee Kuan Yew understood that Singapore
needed to attract capital and professionals so that the country could grow and develop;
And within an imperfect competitive environment between economies, and the heavy intervention
that exists in the countries we live in, the state can play a key role. And it can do so with policies that always
favor competitiveness, investment, and the attraction of companies, instead of bureaucracy
or welfare. That’s why the Singaporean authorities developed
institutions to guarantee legal security and efficient management of the city;
they promoted economic sectors through public-private collaboration, drew up an ambitious productive
infrastructure program and, most importantly, promoted savings. And that’s not all, all policies were designed
within a strict budget stability framework and always, always with the mindset of integrating
them with private agents, something that rarely happens in countries like Spain, Italy or,
of course, Argentina. All right, allow me to explain. It isn’t as much about expanding a port
or a road but being able to integrate an attractive institutional framework with services that
cause companies to settle in a country, and to invest in order to increase their productivity. Let’s put it another way: How do companies
compete in the market? By offering better conditions than the competition,
right? Well Lee Kuan Yew understood that in our world
competition between countries isn’t very different. Therefore, perhaps the best way to see and
understand the keys to Singapore’s success is to view this city-state not as a country
to be used, but as a service provider in a competitive industry. In Singapore, the government understood that
the community itself, the city itself, was an asset and that, well managed, it could
become a competitive advantage. But to understand this better, let’s take
a look at some concrete examples of the policies that Lee Kuan Yew set on the table: First objective: despite having a city with
a very high population density, turn it into a non-chaotic, unnoisy, and unpolluted place. To do this, the government imposed traffic
taxes in 1975, so today traffic in the city is subject to tolls that are charged electronically
to all users on the road– that is, to all vehicles. That way, they managed to impute the streets’
maintenance costs to the real road users, managed to avoid traffic jams, and avoided
a big cause of pollution. The result of this approach has been that
today Singapore, despite having a very high population density and being one of the economic
engines of the world, has very fluid traffic and, in addition, imposes maintenance costs
based on each driver’s use of the road. That is, if the benefit you gain isn’t greater
than your toll, which is the maintenance cost of the road itself, then you leave the car
at home. And if your benefit is greater, then you have
roads through which you can move quickly. Smart, isn’t it? Of course, to make all this possible, Singapore
developed a fantastic, very efficient and affordable public transportation system. Another much more controversial measure due
to its paternalism, is forcing all workers to invest a quarter of their salary into a
rigid national savings plan that’s also managed by a state organization. With this program, the island’s government
gets workers to accumulate savings with which they can pay for health services, educational
services and their own retirement. And while that happens, the state gets the
capital it needs to invest in projects, in and out of the country, that are understood
as essential for the city’s competitiveness. In a certain way, workers don’t only become
users but also investors in this city-company. .
Of course these types of “interventions” where the state maintains clear leadership,
are complemented by a policy that favors free enterprise and one of the freest regulations
in the world in terms of capital, goods, and worker circulation. Folks, in Singapore, taxes are low – for
example, someone with a 60 thousand dollar income pays 5 percent income tax -;
tariffs are practically non-existent, there’s no minimum wage;
public expenditure accounts for approximately 18% of the GDP, and if all that weren’t
enough, Singapore’s economy is considered to be the second freest in the world! “See, in the world we live in today, being
peripheral or being central doesn’t depend on your country’s physical location, it
depends on whether or not you have a room and an economy of knowledge. It depends on technology, it’s the only
thing that can explain why countries like Singapore have a much better education than
us.” Albert Rivera, MP of Spain) The result of all this is that a country that,
until a few decades ago, was very poor, is now one of the richest countries in the world. And don’t think that it’s just a matter
of economic numbers. Singapore also has some of the best universities,
with students at the forefront of subjects like science and mathematics, their healthcare
system is considered excellent, there’s no unemployment, there’s no crime, and their
expectations for the future are extraordinary. For example, in the Human Development Index
produced by the United Nations, Singapore occupies the tenth place, above countries
like Sweden, Iceland, France, and Finland. The negative side–and there is one–is concentrated
in its political system, which, although it’s evolving, is still very restrictive of civil
liberties. In Singapore, prison sentences are very high,
censorship is a normal part of life, and different behaviors aren’t usually well-seen. We’ll talk about this and more in future
videos, because, of course, Singapore is one of the most fascinating countries in the world
and a real magnet for professionals from all over the globe.

Why is SINGAPORE the RICHEST country in ASIA? – VisualPolitik EN

100 thoughts on “Why is SINGAPORE the RICHEST country in ASIA? – VisualPolitik EN

  • March 16, 2019 at 6:45 pm
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    What is vsauce doing here

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  • March 17, 2019 at 5:59 am
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    sick very sick man

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  • March 17, 2019 at 10:13 am
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    ''See, in the world we live in today, being peripheral or being central doesn;t depend on your country's physical location.''

    This is pure BS, Singapore's physical place is what makes it central, all ships around the world dont have other route when travels from China, Japan, korea etc, they have to travel via singapore.
    If Singapore is in Papua New Guinea it would be a whole another story for the country;s economy.

    Reply
  • March 18, 2019 at 3:30 am
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    People action party! 😅 did you say popular?

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  • March 18, 2019 at 4:10 pm
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    you have inspired me to save and visit Singapore

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  • March 19, 2019 at 7:57 am
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    How can you call Spain ‘middle income’?

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  • March 19, 2019 at 11:59 am
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    Why do you blame Japan for the devastated economy from the World War l during the Japanese occupation? The British is the one that enslaved the Asians for hundreds years, not Japan. Japan only got rid of the British and other European occupations. Please do not use old White Propagandas against Japan. You are causing problems through this kind of propagandas.

    Reply
  • March 19, 2019 at 11:11 pm
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    singapore, s Korea, Taiwan, and hong kong, they all have in common. they're all part of the western puppet countries. meaning their economy is controlled by the western powers. it sounds like a scam but it does act like it.
    but what's gonna happen to this countries? westernization is in decline. Hong Kong has already lost to shenzen, Taiwan is next to be absorbed, s Korea has no more room for economic growth.

    Reply
  • March 20, 2019 at 8:21 am
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    Singapore is lucky to had LKY as leader, not Ah Bian, Thaksin or Najib.

    Reply
  • March 20, 2019 at 9:32 am
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    Why is #Myanmar too slow developing, although they have more resources than #Singapore? Make reasons as videos.

    Reply
  • March 22, 2019 at 2:39 pm
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    rich due to cpf money.which belong to citixen

    Reply
  • March 22, 2019 at 8:52 pm
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    What will happen to SG if TH build the canal?

    Reply
  • March 23, 2019 at 4:20 pm
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    Qatar is the richest country in Asia and in the world

    Reply
  • March 24, 2019 at 4:47 am
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    we have never been as foolish as the people in taiwan, end of story

    Reply
  • March 24, 2019 at 1:45 pm
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    Rwanda we will reach there some decades to come just wait us.singapore is our role model

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  • March 24, 2019 at 4:50 pm
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    I have no idea what you are talking about. I'm poor as hell.

    Reply
  • March 25, 2019 at 5:46 am
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    Singapore is better than Switzerland!

    Reply
  • March 26, 2019 at 3:46 am
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    Every 'little ' thing is very expensive here, that is why we 'the government' is the richest in Asia.

    Reply
  • March 26, 2019 at 10:22 pm
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    Get your facts/history right.
    Please.
    Singapore did not unite with Malaysia.
    Before 1963, Malaysia did not exist.
    Singapore was one of the founders of Malaysia!

    Reply
  • March 27, 2019 at 10:43 pm
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    Bcoz singapore is designed by world elite to operate like parasite…sucking up all cheap resource from countries nearby….Philipine,Indonesia,Thailand & Malaysia…this is why these 4 countries suffer deep corruption…

    Reply
  • March 30, 2019 at 2:20 pm
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    Rip Mr Lee Kuan Yew

    Reply
  • March 31, 2019 at 6:14 am
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    The people of Singapore are actually thriving on a debt-fuelled, false prosperity lifestyle. We must bear in mind that money is created when debt is created.

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  • April 2, 2019 at 2:39 pm
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    Proud of Singapore:) Emile from Holland!

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  • April 3, 2019 at 7:00 pm
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    Good for goverment and foreigners, bad for poor native people

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  • April 5, 2019 at 9:53 am
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    Simon Square space link ain’t working please

    Reply
  • April 8, 2019 at 3:24 pm
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    As a Chinese, I respect Lee Kuan Yew very much. In fact, we respect any political leader who can make the country rich and strong and the people happy. The premise is that he did not carry out aggression and colonization.

    Reply
  • April 10, 2019 at 5:42 am
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    lol Malaysians must be banging their heads now. A neighbor with population x6 less have a better economy

    Reply
  • April 11, 2019 at 2:52 am
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    swiss my ass……dubai more like it…….our gini coefficient is the 2nd highest among developed OECD countries…….and we are not even in the oecd…….wealth disparity here is huge…….no minimum wage here…….u can earn as little as $4 to $6 an hr……in a country where the gdp per capital is close to $70,000 per year and ranked one of the most expensive if not the most expensive country in the world……..our gini coefficient is 0.46 comparable to some communist countries and poor african countries…..we are among the bottom 40 countries in terms of wealth inequality…..compared to countries like swissland,germany,australia,france and the scandinavians whose gini range from as low as 0.23 to 0.30……

    Reply
  • April 11, 2019 at 10:59 am
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    Because singpore that time many Telented Malaysian worked at Singapore to Develope the Country.. since Malaysia not Valued Non Malay

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  • April 12, 2019 at 12:12 pm
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    The economic miracle is not confined to just Singapore (which had a head start) but also to other East Asian dominated economies like Hong Kong, S. Korea, Taiwan, Macau and China.
    Yes, Lee Kuan Yew was the mastermind in Singapore economy but the question is whether he could have done it in economies with a population much lower IQs like South Asia… where they even have difficulty in picking the ultra-low hanging fruits for economic growth.

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  • April 13, 2019 at 1:19 am
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    Singapore is utopia for the rich..with super low income tax ..corporate tax…no capital gain tax…no inheritance tax….most citizen however work slave wage and pays highest working class tax in the world call cpf….contribution of more then 30% of total remuneration….which is held by the government…until the day you die…..Singapore 50 years ago…processes a very unique team lead by lee kuan yew…but the current leaders are MEDIOCRE ! They hv manage to made Singaporean most educated taxi drivers…in the world….1 in 10 working class Singaporean drive taxi or private hired car ! This is the only country where citizens are prejudiced against cheaper..foreign import..where being working class is to be 2nd class citizens in our country of birth ! This is disneyland my friends….behind the smoke screens are 100s of thousands of people..who are old and…struggling to survive on take home salaries of less the 1 thousand per month !

    Reply
  • April 15, 2019 at 4:29 pm
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    SG is waste of time and money!

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  • April 16, 2019 at 2:39 pm
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    Highly disciplined and spotless but do talk about $500 billion invested in the small territory because of it’s strategic location as gateway to Pacific and Indian Ocean. The latter is the key.

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  • April 16, 2019 at 4:12 pm
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    As a Singaporean there are many things outsiders don't see which we locals only knew…) what you see is what they want u to see….

    Reply
  • April 17, 2019 at 11:51 am
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    맨카인드 mankind 쥐좃만한 벌레 김정은이라는 말종새끼와 남한의 하삼도 개좃은 하나도 친절하지 않던데?

    그런 개말종씹들도 맨카인드라구?
    ㅡㅡㅡㅡㅡㅡ

    Reply
  • April 17, 2019 at 2:45 pm
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    The govt is based on nepotism tho, meritocracy is just a facade but no country is perfect, everywhere you go there are some form of corruption, imperfection, repression, Singapore just covers it up well for the foreigners and some locals.

    Reply
  • April 19, 2019 at 3:07 am
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    But Singapore freaking expensive to live in

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  • April 19, 2019 at 6:12 am
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    The Singapore story is very simple. But it does take a group of dedicated men and women to achieve the vision. Stamping down corruption was key. As we all know, corruption corrupts absolutely. If you want to solve real world problems, first get rid of corruption (Xi Jinping did the same. Look how China is on the ascent again, not plagued by "Qing Dynasty sickness")). That's how Singapore gave its people courage to tackle real world problems like inadequate housing, hygiene, proper schools, public infrastructure. You might even say the govt made a social compact with its people and stuck to it. That's one reason why LKY prefers to be seen as authoritarian than a 'loving' father-figure. Get the job done then you can hug me. How many leaders in developing countries can rally their own men and party to do that? Live and act on your belief and vision.

    Another success factor of SG is often overlooked: the grassroots. The men and women on the street. Lose that touch and you will lose the trust and faith of a people. It's like building a super car for some super road that doesn't exist in reality. Nice to have, but it is divorced from reality. Setting up a good grassroots organisation and network means real problems are recognised and tackled and communicated. Why do you think the PAP is always elected despite being seen as "authoritarian". Because LKY does listen (even if he has a quirky personality driven by a hard-work ethic))

    Go to S'pore and see public housing in the middle of the business district. Why, in other countries, this real estate would have been taken by landgrabbers and corrupt politicians. Yet, folks who were cleared from shanties in those areas were put back in flats built by the govt in the same place. Chinatown, Tanjong Pagar, Bras Brasah, etc. It is an example of the Social Compact. "Look, we don't mind you cleaning up the area, but we still like to live here because our work is here." – Think about that. Seriously think what that means.

    Of course, when Sg has to move large areas of kampung people into public housing, that's when you have estates like Toa Payoh, Bedok, Queenstown, AMK, etc., springing up. Only in the last 30 yrs have the govt been serious about demarcating downtown areas for business and encouraging residents to move out. Partly to develop Sg into a swanking financial centre (Marina Bay). It's a slow process, as these public flats are owned by its citizens. The latest to go was the Rochor Centre (partly only old folks and old businesses left).

    Another good fruit from an excellent education system and meritocracy is Gender Equality. Women do have it good in Singapore. And feeling safe at night (this fact is well known).

    Reply
  • April 19, 2019 at 9:15 am
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    Im Singaporean. Inside my posb account there is $1.99/-. Topup cash card $0. I swear!

    Reply
  • April 19, 2019 at 4:17 pm
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    I am from singapore

    Reply
  • April 19, 2019 at 4:18 pm
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    Is true that our country did have natural resoures so instead we focu on human resoure

    Reply
  • April 20, 2019 at 1:09 am
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    IM SORRY. SG ISLAND WILL NEVER EVER IMPRESSED ME EVER AGAIN.

    NOT TODAY NOT IN THE FUTURE. NEVER EVER.

    ITS THE TINIEST AND UGLIEST SG ISLAND IN ASEAN REGION.

    Reply
  • April 20, 2019 at 7:36 am
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    SG CAN NEVER EVER BE SWITZERLAND.

    SWITZERLAND HAS GLAZIER SNOW COVERED NATURAL MOUNTAIN.

    WHAT ABOUT SG SINGAPORE????
    NONE AT ALL. PRECISELY.

    MBS CASINO AND HOTEL IN IMVESTED BY MGM BIZ TYCOON NIELSON ANDERSON HIMSELF. SAMES GOES WITH RESORT WORLD SENTOSA. MALAYSIAN TYCOON.

    WHAT HAS SG HAS TO OFFERED IN THE FUTURE???? NOTHING MAN!! ONLY WILD BRATS AND RUGS. KIASU AND KIASEE SGPOREANS AND WALKING ZOMBIES EVERYWHERE ON THE STREETS WITH THEIR FUCKING GADGETS.

    RESPECT TO SGPOREANS???? FORGET IT MAN. I REST MY CASE.

    MY WISHED FOR A QUIET AND SERENE MOMENTS HAVE ALL BEEN TAKEN BY UNCONSIDERATE CHINESE FUCKERS FROM EVERYWHERE IN THE WORLD.

    THESE CHINESE PEOPLE ARE THE HATED BUNCH.

    ITS BEST IN LIFE WITHOUT THE CHINESE WHEREEVER THEY ARE.

    I WOULD RATHER HAVE FILIPINAS AUSSIES GERMANS MALAYSIANS AFRICANS AS FRIENDS RATHER THAN THE DAMN BLOODY PAN ASIANS CHINESE AS FRIENDS.

    UGLY AS HELL AND NOISY LIKE WET MARKET IN THE MORNING.

    Reply
  • April 21, 2019 at 12:22 pm
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    Love your interpretation of Singapore growth

    Reply
  • April 21, 2019 at 7:15 pm
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    https://youtu.be/uQq7hX9H_Rc

    hi friends this is singapore landing video

    Reply
  • April 24, 2019 at 4:38 am
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    How misleading. Singapore is rich yes. The government is rich. The people are broke as fuck

    Reply
  • April 24, 2019 at 9:51 am
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    More importantly LKY crushed all forces of union, leftist, communists, socialist at the very beginning the root of all corruption

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  • April 24, 2019 at 2:37 pm
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    why? massive amounts of corruption and money laundering. remove those aspects and singapore would quickly decline into shitdom.

    Reply
  • April 26, 2019 at 6:21 am
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    Then is Jiao Hao Tan the Asian Pewdiepie?

    Reply
  • April 26, 2019 at 4:15 pm
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    Singapore will become poor if Thailand build the Kra Canal

    Reply
  • April 26, 2019 at 9:53 pm
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    Been talking to a lot of singaporeans in my job, all are saying that Singapore has a lot to learn from Switzerland, which is my country. I recently went back to swiss for vacation and I can confirm one thing. Switzerland is a better place to live, people are less stressed in general, and lot more polite than what I generally experience in singapore. We have a direct democratic system meaning we have a great mix of political opinions within the country. Our politics are quite progressist and laws are softer than Singapore, and I feel generally more freedom when I am in Switzerland than when I am in Singapore, and this is a fact, not a lot of Singaporean (at least the ones i meet), are feeling free in their own country, proof they go to batam to do all the stuff that they can't do in Singapore. And this where you see the real face of the Singaporeans, as they are less oppressed by all the harsh regulation they tend to relax a bit and attempt stuff they would never try in their own country eg. Lighting up a cigarette in a meeting room, and other stuff of that kind. So to conclude to all zealots defending Singapore aggressively, calm your tits, yes Singapore is a cool place on the surface but its not that great when you dig a little bit, this is just what I feel in general. Having said that great place for food, shopping and entertainment, you can find pretty much anything you wish to buy over there, the food culture is really nice, a lot of big scale events that are really impressive. But their obsession with career, money, and security makes them look to me like big adolescent, that are never happy, complains all the time without even finding solution, yes they have high IQ on average, but their lack of experience out of the rail of their well maintained society makes these high IQ individuals too standard too clean, they lack that little bit of craziness, that makes great individuals really great. A lot of incredible potential but ruined by their lack of freedom to experience alternative ways to simply be.

    Reply
  • April 27, 2019 at 11:54 am
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    Singapore is a controlled prison without beheading. Rich my arse.

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  • April 27, 2019 at 4:10 pm
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    1st world country with 3rd world citizens

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  • April 28, 2019 at 4:10 am
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    Sorry man. The so called tolls on vehicles uses technology and equipment which still has to be paid by taxes drawn from all Singaporeans….. Singapore is not as beautiful as you painted.

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  • April 28, 2019 at 11:30 am
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    tax haven. thats why. tax cheats.

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  • April 28, 2019 at 1:57 pm
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    Because its a tiny island

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  • April 28, 2019 at 6:44 pm
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    WHOEVER WANTS TO SUPPORT SINGAPORE. BE MY GUEST.

    IM NOT INTERESTED TO SUPPORT SG NOR ITS GOVERNMENT AND CABINET MINISTERS.

    ONLY THE STRONG OPPOSITION WORKERS PARTIES GET MY VOTES AND SUPPORTS.

    I CANT BE BOTHERED WITH SG POLITICS AND THE DAMN MULTI RACIAL COMMUNITIES AT ALL.

    Reply
  • April 28, 2019 at 6:46 pm
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    I WOULD RATHER BE BRANDED AS A RACISTS THAN SUPPORT SG PEOPLE AND ITS STUPID POLITICS AND ITS SCREWED UP CULTURES AND ITS VARIOUS LANGUAGES.

    Reply
  • April 28, 2019 at 6:48 pm
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    HARSH TO COMMENT ABOUT SG. YES OF COURSE. NO RESPECT FOR SINGAPORE ITS CABINET MINISTERS AND ITS BUNCH OF MULTI RACIAL CRAP SHIT LANGUAGES.

    Reply
  • April 29, 2019 at 2:34 pm
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    My country's PM Mahathir is secretly very jealous of Singapore's success whether he cares to admit it or not.

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  • April 30, 2019 at 3:33 pm
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    Because they sold out to the west when America decided to encircle communism.

    Reply
  • May 1, 2019 at 2:36 pm
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    the reason is because of east asian(chinese) people, same reason behind the rise of Hong Kong, Japan, South Korea, Taiwan and China

    Reply
  • May 2, 2019 at 11:37 am
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    No not singarpor,but laos แม่นบ่🤣

    Reply
  • May 3, 2019 at 8:17 am
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    dont insult switzerland…..singapore is a poor mans hong kong….swiss democracy is second to none…

    Reply
  • May 5, 2019 at 4:42 am
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    singapore is not the richest country in asia…qatar is …basic search can tell you this actually qatar is 1.7 times richer per capita than singapore and over 3 times richer as a whole

    Reply
  • May 7, 2019 at 3:47 pm
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    They sell the internal organs of their dead citizens. Thats why they are rich 🙂

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  • May 8, 2019 at 5:22 am
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    Singapore is not richest country in Asia .
    That would be China then Japan then South Korea Taiwan

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  • May 10, 2019 at 8:37 am
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    yes singapore is very clean, but they will face vewy vewy vewy difficult scenario if they meet a challenger in 35-50 years. Firstly their income streams will continue to dry up(because of more rivals, and singapores inability to expand its land factor of production), All in all in i think in that time frame singapore will be exporting human capital rather than importing, Favoured nations include, Malaysia, Australia, Canada, European Union and the United Kingdom, and the usa too

    Reply
  • May 10, 2019 at 8:43 am
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    I love Singapore and Malaysia, I'm only going to australia for the stability, As someone with an illness, Even Singapore, Yes good old singapore cant help me long term like Australia can. But other than that Singapore is not bad.

    Reply
  • May 15, 2019 at 12:35 pm
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    Speaking as teen living in Singapore, it’s pretty safe and good living here.

    Reply
  • May 15, 2019 at 1:47 pm
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    Yea we r rich, but we r also the most expensive place on earth

    Reply
  • May 19, 2019 at 3:17 am
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    smart video.thanks for sharing

    Reply
  • May 19, 2019 at 6:19 am
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    Singaporean are very poor. Really.

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  • May 20, 2019 at 7:59 am
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    because of the race(chinese)… there's your answer, the only variable compare to it's neighbour

    Reply
  • May 20, 2019 at 10:26 am
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    authoritarian money laundry machine

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  • May 20, 2019 at 9:21 pm
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    Singapore not Richest country in asia , but expensive country in asia..richest country in asia is qatar.

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  • May 21, 2019 at 4:20 am
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    Nice information!! 👍

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  • May 24, 2019 at 11:59 am
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    Well written video. Unfortunately editing is distracting and wastes time with unimportant inserted clips.

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  • May 27, 2019 at 11:17 pm
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    Very peculier and regilative rules (You can't chew the gum on the road.), you have actually no freedome to speak up against the stupid politicians, the car costs billions, rich is permanantly rich, poor is very likely to be permanantly poor, and the whole entire city is smaller than your country's capital. In addition, you still have language issues in the case English is your mother tongue and they speak the same language at the same time.
    Sounds sucks? But hold on, YOU DON'T NEARLY TAX so one of the best cities to start a business.

    Ahh sorry country**

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  • June 5, 2019 at 1:35 pm
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    Singapore is a small country unlike India or China. Because of huge population it's not possible to reach each and everyone in India or China as huge population needs huge budget for development.

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  • June 14, 2019 at 2:29 pm
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    amazing footage of old Singapore – where did you get them? so interesting!

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  • June 17, 2019 at 3:59 pm
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    so there is a state above the free/open market, it act more like a coordinator and does not leave them turn into cartel but evolve, right ?
    cause the comments bellow talking about dictatorships, are talking about cartel or free markets where the companies run wild rather evolve. Is really Chile an example of viable economy with its high economic inequality ???

    also reading from the comments, i have to congrats you, for managing to gather all the far right spectrum of the internet…

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  • June 23, 2019 at 4:46 am
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    And we shall visit again to gather

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  • June 27, 2019 at 3:37 pm
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    Congratulations man! I’ve been watching the Spanish version of Visualpolitik for years and dropped by to check out the English version! I don’t want to offend anyone’s sensitivities but I am always amazed at the quality of work produced by Anglo white-collar workers if we were able to bring that anglo office mindset to Latin American companies we’d be a superpower. The way you explain certain details with precision and without shouting is refreshing.

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  • June 30, 2019 at 7:39 am
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    Amazing!!

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  • July 2, 2019 at 10:58 pm
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    But this video forgot about Singapore port which is the main economy of the country

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  • July 10, 2019 at 2:52 pm
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    singapore gained independence in 1965, not 1963. get ur history right before telling others

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  • July 15, 2019 at 7:11 am
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    But why I am so poor…

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  • July 26, 2019 at 10:32 am
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    Since when was Spain Middle income?

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  • July 27, 2019 at 4:22 am
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    Not trying to indulge in the usual "what about…"-ism as a tool in political discussion. But:

    when it comes to a certain young countries, that have improving and thriving economic growth (with little to none assistances or aids from the economic power houses) in the open, the usual criticisms that are leveled are usually: civil liberties are limited etc etc..

    when it comes to certain countries that have experienced / been experiencing political and economical conundrums: it's about humanity. This country has huge potential however due to reason XYZ the country's sociopolitics and economical situation are in taters. Hence they are reliant on country ABC has been providing aid. The country is touted to have the friendliest smiles & a cultures despite having economical conundrums and religious altercation etc etc etc…

    It seems that:

    the level of shrillness/strictness of criticisms given to a country are directly proportional to the level of acceptance and fondness of a country…

    Couldn't help but feel:

    Cultural exports. Soft power. They play huge roles on a countries' global standing.

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  • July 29, 2019 at 7:09 pm
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    Without its geographical location at the strait of Malakka, Singapore would not have developed that much.

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  • July 31, 2019 at 5:17 am
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    Singapore Government is the richest government in the world.
    Singapore have a lot of poor people….

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  • July 31, 2019 at 2:19 pm
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    1 like = 1 chocolate for limbeh

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  • August 2, 2019 at 4:11 pm
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    Yet there are fools who are trying to disrupt this Paradise by engaging in racism and asking Singapore to be return to the days of fishing village call Temasek. Singapore is today as it is because of tolerance and harmony and the FORESIGHT and rulings implemented by Mr. LEE KUAN YEW. Otherwise it can be like Hong Kong, protests and lawlessness. Or like other bankrupted neighbouring countries where finding a job to feed family is called God Blessing. No choices of works or which Boss is better. Singaporeans should treasure and guard these for future generations. Not to be influenced by external sour grapes seeing destruction of last few havens of peace with false promises of better future if you were to choose other paths. These are but tempting apple in Garden of Eden.

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  • August 5, 2019 at 8:12 am
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    WHAT DO YOU MEAN DENG DENG DENG DENG DENG DENG.COMMENT "LOL" IF YOU KNOW THE SONG

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  • August 6, 2019 at 4:28 am
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    I was born here and I have seen the transition of the education system. I love my country. 🇸🇬

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  • August 9, 2019 at 12:00 am
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    MAJULAH SINGAPURA. SLMT HARI LAHIR YG 54 THUN.

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  • August 10, 2019 at 1:32 pm
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    Music is unnecessary loud and noisy

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  • August 10, 2019 at 4:31 pm
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    thumbnail: Singapore, the Asian switzerland. racist.

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  • September 8, 2019 at 11:07 am
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    Popular Action Party??? Haha….

    Reply

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