Singapore: On the path to prosperity

collections: History, Economics
Posted 4 May 2018
Share it:
Duration of the video: 1 Min. 58 sec.
Lee Kuan Yew managed to transform Singapore from a tiny island without any natural resources whatsoever into an economically prospering country. He successfully united the nation to reach what is often called an economic miracle: the combination of private and state capitalism. Lee made Singapore prospering, modern, effective and practically free of corruption – and it created a massive inflow of foreign investors into the country. In the meantime, a lot of people are skeptical about what happens in Singapore in terms of social aspects.
Recommended words
efficient - verimli
to encourage - teşvik etmek
essential - gerekli
to expand - genişletmek
foreign trade - dış ticaret
an immigrant - göçmen
independent - bağımsız
investment - yatırım
judicial - adli
a multinational - çok uluslu
to pass - geçmek
potentially - potansiyel
punishment - ceza
rarely - nadiren
recent - son
relatively - Nispeten
to remain - kalmak
a restriction - kısıtlama
separate - ayrı
world trade - Dünya Ticaret