Why Is Singapore So Rich?

Singapore is one of the richest place on earth today. It wasn't supposed to be. The odds were strongly against the tiny island. In this video, I share my personal perspective, as an adopted (naturalised) Singaporean who have lived in Malaysia, Singapore, Australia, China and the United Kingdom on how we became an anomaly and build wealth. Time Stamps: 00:00 Intro 00:13 How Rich is Singapore 01:05 How Did Singapore Get Rich 01:45 The Start 02:28 The Challenges 04:43 Things It Could Rely On 05:46 Get To Work 11:50 Cultural X Factors 13:15 What Can We Learn From It? Resources: ➡️ Singapore GDP per capita & GDP per capital adjusted for PPP according to IMF https://www.imf.org/external/datamapp... ➡️ Racial made up in Singapore in 1965 https://eresources.nlb.gov.sg/newspap... ➡️ Singapore's unemployment rate in 1965 https://www.mas.gov.sg/news/speeches/... ➡️ Literacy rate in Singapore in 1965 https://data.gov.sg/datasets/d_a98f2a... ➡️ Infant mortality rate in Singapore https://data.unicef.org/country/sgp/ ➡️ Central Provident Fund https://www.nlb.gov.sg/main/article-d... ➡️ Ministry of Health https://en.wikipedia.org/wiki/Healthc... ➡️ Ministry of Education https://www.straitstimes.com/singapor... ➡️ Ministry of Finance https://en.wikipedia.org/wiki/Ministr...) ➡️ Ministry of National Development https://www.nas.gov.sg/archivesonline... ➡️ Housing Development Board https://www.hdb.gov.sg/about-us/our-s... ➡️ Economic Development Board of Singapore https://www.nlb.gov.sg/main/article-d... ➡️ "Everyone had to pull their weight and be counted." Singapore National Day Rally Speech 2015 https://www.pmo.gov.sg/newsroom/natio... ➡️ "No one owes us a living." Speech by PM Lee Kuan Yew in 1965 https://www.nas.gov.sg/archivesonline... ➡️ EDB attracting capital in 1965 https://www.nlb.gov.sg/main/article-d... ➡️ Founding of DBS in 1967 https://www.dbs.com/dbs-heritage/our-... ➡️ Founding of Temasek https://www.temasek.com.sg/en/about-u... ➡️ Companies Temasek invested in during its inception https://tr21.temasekreview.com.sg/ove... ➡️ Singapore Concept Plan https://www.ura.gov.sg/Corporate/Plan... ➡️ Urban Renewal Unit restructured into URA (Urban Redevelopment Authority) https://www.nlb.gov.sg/main/article-d...