How Singapore Got Crazy Rich, Crazy Fast | Economics Explained

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Название	:	How Singapore Got Crazy Rich, Crazy Fast \| Economics Explained
Продолжительность	:	13.48
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Comment from : Economics Explained

No blacks to deal with
Comment from : DMZ POLICE

Watching from the philippines Probably the most corrupt country in the universe😢
Comment from : Nu Manhe

Your content is 10/10 but I hate how you end every fckn sentence
Comment from : Dániel Csuja

singapore is a strict counrtry you cannot protest and there are many fines and cctv
Comment from : Nikki Cherry

Singapore under PM Lee Kuan Yew wanted a Malaysian Malaysia ie regardless of race n religion But Malaysia under Tunku wanted a Malay Malaysia, ie race based Malaysiareason for the separation or divorce or whatever
Comment from : vtntan vt

Because they're "Crazy Rich Asians" Get it?
Comment from : smbpkmn8596

*government paid 17, not 16 😅
Comment from : T

singapore will turn SingaPOOR soon when Thailands finished their canal
Comment from : pepsi cherry

Everyone poor living in public housing , fk all own homes socalism doesn't work
Comment from : Ben Chesterman

World most expensive country to buy a car but taxi & ride hailing fare still way below first world country
Comment from : Eddy Zulkarnin

Hearing an Australian say gas station was weird
Comment from : Echardt Schloeder

I have been to UAE, Qatar, Luxembourg But none comes close to Singapore in terms of wealth I have seen Singapore is truly a near utopia on the planet
Comment from : Ash Music

They should call it Singarich now
Comment from : DaWilant

I visited Singapore last year As a South African, I was so amazed to see such an extraordinary clean, wealthy and beautiful country Defiantly the best economy in my opinion
Comment from : Tony Stark

seems like they were destined to be rich barring the worst levels of corruption They probably were rich even in the old times pre-colonization
Comment from : Devvv

please don't do deals with betterhelp, they are super shady
Comment from : Francisco

as a Singaporean im here learning my countrys history from an angmoh
Comment from : JojobaOil

Singapore surpasses UK in terms of education, income, healthcare and safety
Comment from : Y L

+ The most lacking human feeling of Lifes and ++++ the most boring
Comment from : ວິໄລສິນ ຄົນໂກ້

It's easy to prosper under the US nuclear umbrella, especially when the big powers need an outpost in East Asia full of unadventurous bean counters and effeminate nerds Singapore is merely a Western outpost Yawwwn
Comment from : RogueReplicant

This is nonsense Everything Singapore did is founded in basic economic fundamentals Any country’s government that values their nation and its well being can implement the same reforms instead of clinging on to their corrupt special interests and license rackets and sweetheart deals to relatives etc…br And BTW- Singapore does not go cheap on defense either like Europe Singapore is a model economy available for emulations
Comment from : WorshipinIdols

5:25 - The employer's portion for CPF is 17, not 16
Comment from : Wyz KC

Everything is so expensive there😢
Comment from : G Meita

As a Singaporean fan, I have been eagerly awaiting for this video for some time now As always, your videos are well researched, and I even learned a few things about my own country! Really enjoyed the video and thank you for finally putting my country your leaderboard!
Comment from : Lim Zj

Why are some malaysians giving toxic comments about Singapore Their country should be ahead of Singapore with all the natural resources, land, agriculture, etc Instead they are lagging behind
Comment from : LC

Singapore is the greater fool who succeeded
Comment from : Ross Stotz

Lazy citizens Not creative too Too much relying on outsources Everybody notices that
Comment from : Ms Bonanza

what accent is this? I'm not native speaker and I find this accent heard to understand
Comment from : ねこ

We're calling taxes "savings" now?
Comment from : Tommy Allen

Indonesia did have to fight for its independence from the Dutch They fought from 1945-1949 and the war only ended partially because the US ask the Dutch to grant Indonesia independence so that they can benefit from the Marshall Plan
Comment from : Elias Kuah

just a few years back, people often think of SG as a part of China feels good to be watching this video
Comment from : PARADISE

You're ignoring a very important thing: Singapore has 13 million foreign workers, only 300k of them cross the border each day from Malesia Every relatively small country can duplicate it: just bring in a lot of foreign workers as WORKERS without their parents and children They generate a lot of money for the economy and don't add up much expanses like education and healthcare UAE and Qatar are doing pretty much the same thing just with other benefits they have like oil and gas
Comment from : Yitzhak Tzubara

Isn't China going to build a canal through Thailand and totally screw Singapore economy in the process?
Comment from : Ruben Eihwaz

most part of the video footage is taken from videostock and has no relation to Singapore
Comment from : Timophey Belorusov

They are experts at recovering hacked or lost assets SHES_CAROLE is the name They helped me get back all my lost assets
Comment from : Cryptonite

How can Philippines improve it's economy?
Comment from : Mavies Neri

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60
Comment from : yung

Things would've been so bad if they didn't leave Malaysia because of their racist policies that are still legal to this day
Comment from : ashchbkv

My guy forgot to put another 100k to the price of the car 😂😂
Comment from : ebtrfbjplayz

The dirty money and grey money that used to go to Hong Kong have been pouring into Singapore in the past 20 yearsbrbrCompanies that want to do business with the US have also moved there Like TikTok is incorporated in SingaporebrbrAnd they benefited from migrant slave laborsbrbrYour video only talked about what Singapore government wants you to know It's basically propagandabrbr474K views and 12 likes 😂😂😂
Comment from : Adora Tsang

So what is your project or AI's Specific Excuse for not solving Optimal World Healing ?
Comment from : TheLibra LordAstrology

Remember to talk about immigration laws That’s a huge factor in housing demand and supply A problem with many countries that have mass immigration such as canada
Comment from : Samuel On

Imho, ultimately, Singapore developed to become developed, because of a benevolent dictatorship that was strong, benevolent, intelligent It became incredibly wealthy because in addition, it had a prime location along the seaways, in addition to intelligent benevolence, and the majority Chinese meant it was easier to develop human capital, given East Asia likes education ( compare to native Malays, Indonesians- they are far more relaxed) brbrI actually got sad when I heard LKY died We lost a living legend
Comment from : GICking

The system, the economic ideology, the regulations, the education and many things can be replicated in many other countries, especially city states What is hard to replicate is the geographic location and timing in history Singapore was independent shortly before the major East Asian economies became the major manufacturing economic powerhouse of the World, and at the same time Middle East became the major oil and gas exporter of the World Furthermore, Singapore stands at the tip of South East Asia, which during this period of time were mostly mid to large countries that just gain independence, and had no competitive advantage to be a hub except agriculture If all these development had taken place in another geography, the Singapore today will likely be different
Comment from : Li Ren Zeng

Hi I stayed Singapore and its really cozy😊❤
Comment from : toca clare

Hit 100k today Thank you for all the knowledge and nuggets you had thrown Started with 14k in october 2022
Comment from : Peter Cane

All thanks to LKY Respect!
Comment from : nghu0004

How does Germany get a 6 in Stability and Confidence and Singapore get a 9?
Comment from : Catarina H

The country itself is rich, but the gap between the rich and the poor is huge Besides, migrant workers from developing countries get terribly little money compared to the Singapore's GDP per capita
Comment from : Song es

Do a video of “The economics of Botswana” it sounds very and I mean very similar to Singapore except it’s landlocked,at one point it was growing quicker than any other African country
Comment from : Thato Taunyane

I'm very curious about what those other countries to look at are
Comment from : kapperbeast

Making another Singapore requires, well, a very smart leader like my man LKY He carried it to where it is now
Comment from : KillaCatzGames

its funny that the 'benefits' of singapore are mostly reaped by malaysians who work there they live cheaper but got salary in sgd meanwhile the Singaporean itself need to look for jobs on their own country with high living cost lol
Comment from : sykrn asmr

It's not very easy to find an authoritarian leader who actually cares for the people and willing to put in the effort to help them grow without the murder of political dissidents and the resultant fear from both the population and foreign investorsbrNot to mention not being very corruptbrbrMost of the world chooses democracy (or a barely convincing facsimile) coz nobody who goes that far in politics to become a leader of an entire nation has clean hands
Comment from : Timothy Tumusiime

Not by a democratic governance
Comment from : Aubury

Singapore's "cheating" even covers a huge portion of their professional work force They have good policies to encourage skilled worker migration Plenty of qualified friends/family have moved there from neighbouring Malaysia
Comment from : ppp

Now I know the cause of Lee Kuan Yew’s death His back hurt so much from carrying the entire country
Comment from : Kotaro jujo

Singapore DID not came out from scratch The British left a solid foundation of infrastructure, legislative, political military foundation from the population to build upon
Comment from : Tok Roni

Thanks!
Comment from : Ashlyn Welch

LKY was supposed to lead Malaysia but the other race decided it’s not best to have a Chinese to be the next PM which would disable the other group to have more control Now MY can laughs in low currency rate
Comment from : zKMotion

To sum up, no other country has a combination of authority and intellect Other bigger countries either have authority with no intellect, or the ones with intellect are not given authority Other countries tolerate mediocrity and corruption, Singapore doesn't
Comment from : Andrew Lee

Singapore is nothing but a money laundering haven
Comment from : hemanth kumar arumugam

MAJULAHHH 🗣🗣🗣‼‼‼
Comment from : rusty

Refreshing to see a country not abuse power and truly rise to the top
Comment from : Torian Cromar

A lack of corruption is key The rest can be recreated
Comment from : Pik K

Thailands canal will be the demise of Singapore
Comment from : CIA

I dont care if I cant smoke weed, do crack, chew gum, have to pay 10 grand for a beer, if I have a safe, clean country to live in
Comment from : frozt2007

Singapore by independence actually already have pretty high gdp per capita by virtue of being a city Most people in the region were poorer sucked by the colonial nations and ww2
Comment from : abcd def

Well, Singapore Airlines is quite competitive on the world stage
Comment from : hac129

Tsk, you speak as though you know singapoore, what you said is almost zero relevance to what we are Be original please
Comment from : Rommie

Yes!!!!!!!! Okay!!!!!!!!!!
Comment from : Jarrod Yuki

Never underestimate the value of being seen as 'a safe pair of hands'
Comment from : Floyd Blandston

Yes Singapore had a competitive advantage, the geographical location, but honestly Malaysia has its own too, their palm oil plantations
Comment from : keizee

singaporeans are not rich we are living barely off our income the reason why the country is able to sustain is because the tax and everything is expensive but yea
Comment from : Noob Guy

I am a SingaporeanbrbrI think many of you don't know certain things Singaporean government supporters will vehemently deny it -- The country is often described as "legally" corrupted Some likened it to be like North Korea, although not in a serious mannerbrbrThe government does not openly declare the amount they hold in our state reserves There is a serious conflict of interest between the prime minister, Lee Hsien Loong and his wife, Ho Ching The prime minister is the chief of GIC (government holding our financial reserves) while his wife is in charge of Temasek Holdings (global investment company based in Singapore)brbrOften, we hear from overseas news that Temasek Holdings made very bad decisions and lost literally billions of dollars But the Singapore government, which controls practically everything, from the supreme court, to the judge, the police, the financial institutions, the corruptions bureau to the mass media, will block out any information it does not want citizens to hearbrbrMany of the Singapore citizens' retirement funds are locked up by the government and they cannot decide when and how much to withdraw Many kick the bucket without even using a sizeable amount of the moneybrbrAnother big problem is that, the Singapore government priced public housing to be so exorbitant that it takes 25 to 30 years for one to finish paying the hefty housing loan Much of the money is siphoned from the CPF retirement fund, thus leaving many commoners with insufficient money to retire comfortablybrbrThe Singapore politicians of the ruling party have been in power for the last 58 years They are the world's highest paid politicians governing one of the smallest countries in the world! They claim they need to pay themselves handsomely to prevent corruptionbrbrIronically, a senior minister was recently caught in a corruption casebrbrDo read up more about Singapore It's not as clean a country as you foreigners think
Comment from : Kwang C

🇸🇬🇸🇬🇸🇬
Comment from : William Lew

but now malacca strait is at risk of being useless because of Malaysia plan of making a 120km shortcut
Comment from : Mr Legendary

tbhSingapore also is the best place for money laundering in Asiathe banks here do received corrupted money from all over South East Asia nations, notoriously from Indonesia, Malaysia, Thailand, The Philippines etc
Comment from : Yey yey yey

How Singapore is successful? One word Gambling Easy money There I said it
Comment from : Trigger Finger

Coughs from El Salvador
Comment from : Os P

not true fr how about panama they have lots of potentialbrsa
Comment from : Saul

By working hard and not being a victim
Comment from : What Your Grandpas Say

Lee Kwan Yu is already on record saying the reason is simply that he set up Singapore to arbitrage the difficulty of the West doing business in China, India, and Japan
Comment from : Paul Bo

People who have hope in the future take on debt Freedom of speech leads to freedom of thought which leads to people at the top being held accountable which leads to a stable legal system which leads to investment flowing in which leads to jobs which leads to low crime/poverty/ addiction
Comment from : Jasmine S

the government got rich, not the citizens
Comment from : Han solo

as a malaysian, i agree
Comment from : milkyway

There won't be another Singapore because there won't be another Lee Kuan Yew and a team of tenacious and brilliant people backing him up As a Singaporean, I am eternally grateful to the leadership that stepped up and got us through difficult times
Comment from : LK Tzu

Government also owned and started number of businesses, some are owned by the government to this day
Comment from : Markku Hänninen

Great video but stop emphasising the last word it's really annoying reigOoOoon, mOOvIeeeS, WiiiiTtTh
Comment from : Klover

Totally agree there won’t be another Singapore because there won’t be another lky I feel proud to be a Singaporean who don’t need to feel colonial mentality that west is great place to live and run there for better I also thank the merdeka generation for building I hope we don’t go down the route of rainbow culture or other crazy liberal left wing nonsense Stick to what worked for us in the past
Comment from : Yousuff Mak

Another thing it has is cost of living Beside the luxury goods and things which has high import tax, cost of food and stuff are really cheap You can buy a meal at a restaurant or food vendor (outside the the tourist areas, go where the locals buy from) at like a quarter the price of same thing in Australia or the US And with similar income per person, that means a lot
Comment from : penitent2401

With all due respect, please stop calling Singapore a "City-State" Singapore is a COUNTRY, a small COUNTRY, a tiny COUNTRY! It is not a "City-State" and will never be a "City-State" I trust you know the difference between the words "Country" and "City-State" Show some respect! Educate yourself!
Comment from : Leena Thayil

Actually, their crazy rich had factory/plantation all around SEA, i am not sure about other country want to replicating singapore-way
Comment from : baek pande