Is Singapore developed

Singapore

The early days were not easy for the new state of Singapore. prime minister Lee Kuan Yew primarily took care of the expansion of the country's economy. He held the office from 1959 to 1990. Singapore developed from an emerging country to an industrialized state. Singapore is one of the four tiger states in Asia.

Tiger states are states that develop very quickly. The other tiger states are South Korea, Taiwan and Hong Kong. The comparison with the tiger fits, because a tiger develops a lot of power - just like these countries, whereby power here primarily means economic power.

Singapore's economy grew by 8.5 percent every year from 1966 to 1990. The port city, where goods were handled, became a state that relied on industry and banks.

Singapore is one of the founding members of the ASEAN countries. In this way, a poor developing country without significant raw materials became a country of great power within 20 years. But the price was high because other political opinions were suppressed. The People's Action Party was and remained the only party in the country.

Prime Minister Lee Hsien Loong

Lee Hsien Loong, the son of the first prime minister Lee Kuan Yew, has been the new Prime Minister of Singapore since 2004 and succeeded Goh Chok Tong.