Singapore Is Asia’s Wealthiest Nation. Can It Stay That Way?
In this Bloomberg Originals mini-documentary, we explain how the new prime minister will face more than a few challenges to keep the city-state on top.
It’s been independent for just under 60 years and is smaller than New York City. But make no mistake, Singapore is very much in the big leagues when it comes to money. The ascendant financial hub at the crossroads of global trade has in a relatively short period of time (as far as history is concerned) transformed itself from a colonial trading port to the wealthiest nation in Asia—and one of the richest in the world.
In the Bloomberg Originals mini-documentary How Singapore Got Rich, and Can It Last, we explain how this tiny island outpost moved deliberately from manufacturing powerhouse to financial services giant and now tourism and tech. In the process, it’s managed to boost its per capita GDP far above the UK, France and even the US. But as a new prime minister takes power for the first time in 20 years, clouds are forming on the horizon. The question now is how does Singapore maintain its winning streak.