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Lee Kuan Yew managed Singapore like a single enterprise. The EDB attracted multinational corporations like clients, while GIC and Temasek managed the national wealth like investment firms. Ministers' salaries were matched to the highest levels in the private sector. The state competed directly in the talent market. The government supplied housing for the majority of the population through HDBs, and reinvested capital on a perpetual basis rather than a quarterly basis. He created and sold the product known as Singapore, and that product sold well for a long time. What Lee Kuan Yew tore down was the boundary between governance and management. A city rose from the spot where that boundary disappeared. GDP per capita before and after Lee Kuan Yew 1965, the time of Singapore's independence: Approx. US$500 1990: Rised to approximately US$13,000, surpassing South Korea, Israel, and Portugal. Translated by S DISCLAIMER The copyright of the original video belongs to the original copyright holder. - We check the copyright permission through the YouTube system, and if it is not confirmed within the system, we proceed with the translation work in the process of seeking permission through separate e-mails. The Korean subtitles of the video were added within the scope of not distorting the contents of the original video in order to share the valuable video with more Korean viewers. The purpose of this video is ONLY for the public good, such as education, motivation, or sharing of ideas with a wider public, and is not used for any additional purpose. In particular, there is NO revenue generated through YouTube AT ALL. If you(copyright holder) request deletion, removal, correction, etc in any reasons caused by uploading the video, please contact us at '[email protected]' and we will make corrections accordingly.

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