How to Become Singapore Richest Country in World


Singapore, neighboring countries, which are located very close to Indonesia. However, in economic terms, it must be admitted the country is far more developed than our country.



How to Become Singapore richest country in World

According to University of Michigan economist Linda Lim, Singapore compared to other Asian countries, has the highest statistics in the growth of infrastructure, recruitment and social indications -like life expectancy, education, housing, the first in 20 years. Lee Kuan Yew is responsible for the transformation of the economy in Singapore to be modern. Lee, who died at the age of 91 years in the last week, is one of the most influential leaders of the 20th century. He is an autocrat and a role model for the governance of the whole world, especially Asian countries.


Singapore has a small and limited land, this land also has no natural SDA. But after independence in 1965, the country’s former British colonial transformed into a major financial center and factory. The late Milton Friedman, an economist conservative world, described Singapore as an example of developing countries properly. “If you compare the condition of people in places like Singapore with people in places like China or Indonesia in that case, you’ll see that economic freedom is an important component in the overall freedom,” Friedman.


The conservatives saw Singapore as a free market success story. Low taxes restrictions on very little capital, and liberal immigration policies making Singapore the most cosmopolitan places in the world. country is also best for build a business. “Singapore has free trade. It’s free, low tariffs and non-tariff barriers are also very few. “Said Josh Kurlantzick of the Council on Foreign Relations.

Singapore_800_560_90_s_c1_c_c“They will boast about how you can start your own company in Singapore in three hours”. As Deng Xiongping from China that mimics many of the policies of China, the Lee administration has a major role in the economy. “The domestic sectors of the country, such as ship building, electronics, banking, and now Singapore engaged in private banking, could start thanks to Lee Kuan Yew and the government that specifically target the money to acre-area countries,” explained Kurlantzick.


Government also provides social services such as shelters and health insurance were approved economically liberal. Lim who grew up in Singapore, said that this brings a number of social peace. Although policies designed Cabinet Lee, Lee’s leadership is what makes so possible. Lee understand politics in a diverse, and enforce the law, including the law of human resources creates a stable and peaceful sought many countries. Lee himself believes Singapore’s growth is influenced different values that are shared between ethnic and religious groups.


Unfortunately, even though people live in prosperity, but the per capital gross domestic product covers unevenness high level, and this is a big issue in Singapore and to the attention of the Prime Minister today.
In the end, Singapore is the largest financial center with high living costs. Lee Kuan Yew to be remembered as the person who made the welfare achieved.

Also Read: Top 10 Richest Countries in the World


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