How did Singapore become an insanely rich country despite having pretty much zero resources that it can exploit?
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As a Singaporean, I’d say our founding leaders started pretty strong with a very clear emphasis on rule of law and zero corruption. They then focused on the core issues when the country was first getting started – education, housing, healthcare, maintaining multi-racial, multi-lingual, multi-religious harmony. These kept things that would normally cripple a young country out of the way.
Over time even up till today, we focus heavily on trade and being business-friendly over honestly anything else. Slightly debatable governance methods such as having almost total media control and emphasizing on individual self-reliance instead of social welfare have basically created generations of people that continue to keep this well-oiled machine going.
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