Singapore: On the path to prosperity

collections: History, Economics
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Posted 4 May 2018
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Duration of the video: 1 Min. 58 sec.
Description
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 - 有能
to encourage - 励ます
essential - エッセンシャル
to expand - 広げる
foreign trade - 貿易
an immigrant - 移民
independent - 独立の
investment - 投資
judicial - 裁判上
a multinational - マルチナショナル
to pass - 通る
potentially - 潜在的
punishment - 罰
rarely - ビデオ
recent - 最近
relatively - 比較的に
to remain - 残る
a restriction - 制限
separate - 別
world trade - 世界貿易