Topic > Analysis by Lee Kuan Yew - 1088

Although most citizens were poor and ignorant and Singapore itself possessed no natural resources, Lee felt that the people of Singapore were the only resource needed for the country to succeed and began to rearrange people's lives in a drastic way. Singapore improved dramatically as a country during Lee Kuan Yew's time as prime minister; their GNP per capita has now surpassed that of the previous invader, Great Britain. It is now one of the largest oil refineries in the world, as well as the world's industrial center. Singapore has transformed from a simple rusty port to the global financial center in such a short period of time. For example, in 1965 Singapore was ranked at the same level as other countries such as Chile, Argentina and Mexico, in today's world; Singapore's GNP per capita is already at least four or five times higher than theirs. Under the leadership of Lee Kuan Yew and his revolutionary economic policies, Singapore was able to transform itself into one of the most prosperous nations in the world, despite its lack of natural resources and weak infrastructure. One of Lee Kuan Yew's revolutionary economic policies was too focused on the fundamental reconstruction of a country. According to an interview with Lee Kuan Yew, he focused on the basics of a country and encouraged families to increase the country's economic growth. “We have used family to promote economic growth, taking into account the ambitions of a person and their family in our planning.” Namely, the stop-at-2 policy was approved by Lee Kuan Yew, fearing that the country's growing population would overflow the economy. The stop-at-2 policy was a great contribution to the people as anyone who had two or less children was pro...... middle of paper ...... to create their own unique model of building a nation in ruin” For example, he rejected the economic prejudice of the agricultural manual labor economy in which he grew up. He rejected the natural political prejudice against the British who had full control of Singapore for more than a century. He also rejected the Chinese people's personal preference towards foreigners, especially the Japanese who once controlled and tortured Singaporeans. Ultimately, it accepted the Chinese heritage unlike other countries that broke away from China because it understands that the majority of the population is actually Chinese. Lee Kuan Yew did all this because he understands the importance of diversity for the country. As stated in the previous paragraph, diversity will help Singapore's economy as it will increase the amount of foreign investors and investments made there.