“We have to be sensible about our limitations,” LKY said. “We are a tiny landmass with no natural assets. Our only resource is the ability and creativity of our people.”
Multiracialism: A Social Adhesive
LKY was a loyal supporter for financial realism. He realized that Singapore’s compact size and deficiency of indigenous resources meant that the country had to be innovative and adaptable to endure. To achieve this, he implemented a assortment of strategies aimed at creating a business-friendly setting, from low duties to streamlined rules. lee kuan yew hard truths to keep singapore going pdf
This pragmatic strategy has enabled Singapore to become a major player in the worldwide trade, with a GDP per capita of over $64,000, one of the tallest in the world. “We have to be sensible about our limitations,” LKY said