How did Singapore become an insanely rich country despite having pretty much zero resources that it can exploit?
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Laws in singapore are extremely strict, especially when it comes to corruption; there is even a corruption museum there to show how the country has cracked down on it a whole bunch.
This crackdown on corruption has allowed trust in their economic sector from other countries – it is considered “safe” to invest there (safe as in money not getting stolen by govt. officials or govt. market manipulation, etc., not safe as far as gains/returns).
I highly recommend watching episode 8 of This Giant Beast that is our Global Economy w/ Kal Penn (amazon prime, i think). This is the corruption episode, and he does interviews in singapore – how they dont have resources, why they set up their laws, and adjacent info like that 🙂
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