Articles tagged with “successstories

The Success Story of Singapore: A Model for Transformation

The Success Story of Singapore: A Model for Transformation

Singapore is one of the most impressive success stories of nations’ development in the 20th century. During the life of one generation, the country with a small chance for independent survival has transformed itself into the world leader almost in all aspects of socio-economic development. Among others, the list of Singapore’s main achievements includes an innovative approach in advancing the educational system, development of its national healthcare and housing systems, and likely the most important the country’s success in nation-building in a multiracial, multilanguage, multicultural society. What makes Singapore’s experience even more interesting and important to study is that many reforms implemented in this country were unique, and some elements of the country’s political development can be considered out of line with democratic practices and even authoritarian. Altogether, Singapore’s story and the role and political philosophy of this country’s founding father Lee Kuan Yew represent a huge interest for specialists in comparative economics and for policymakers.

6 days agoworld