Why is Singapore so rich? | CNBC Explains

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  • Published on Jan 17, 2019
  • Singapore is a tiny country, but it's managed to become an Asian economic hub. CNBC's Xin En Lee explains how the country went from third world to first world.
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Comments • 4 770

  • Pac Man
    Pac Man Day ago

    Here after watching *Crazy Rich Asians*

  • Fortin
    Fortin 3 days ago

    Ahead of germany = yes
    Ahead of france= yes
    Ahead of japan= lol in your dreams..

  • Sumetha Thailand
    Sumetha Thailand 3 days ago

    Because the bank are veryyyyyyyy private 😅😅😅😅😅😅

  • Boras 3
    Boras 3 3 days ago +8

    No corruption : this a major reason of Singapore prosperity.

  • Abdeali Kapadiya
    Abdeali Kapadiya 4 days ago

    I love your channel very much😊😊

  • gradeez
    gradeez 6 days ago

    Singapore is one of the most overrated country on the planet! The people are arrogant yet generally very poor.

  • Bob ___
    Bob ___ 6 days ago

    Is it right monthly salary being 3555 $ ?

  • peace leader
    peace leader 7 days ago

    Measure of success for a nation is how it look after it's poor.

  • johnsun john sun
    johnsun john sun 8 days ago

    Not find the true God ,

  • Prince London
    Prince London 8 days ago +1

    MADEIRA ISLAND 🌴 FUNCHAL ❤️

  • dennis Chen
    dennis Chen 10 days ago

    3270 SGD or 3270 USD?

  • Xt Xt
    Xt Xt 10 days ago

    Its miles better than so many other places you could find yourself.

  • Ricky Legros
    Ricky Legros 10 days ago

    instagram.com/p/B5m1it3HXte/?

  • pantera gt8
    pantera gt8 10 days ago

    No blacks. This place is heaven

  • All Gamers
    All Gamers 10 days ago

    becouse singapore so rich , there no stupid melayu . that reality

  • Brhoom 87
    Brhoom 87 10 days ago

    Translate to Arabic please

  • 微博:环球商务客
    微博:环球商务客 11 days ago +5

    Limited freedom and limited democracy bring the high efficiency to singapore

  • Walya Prod
    Walya Prod 11 days ago

    land of the crazy rich

  • Ráâfét Zrïbì
    Ráâfét Zrïbì 11 days ago +1

    184000 millionaires in a 5.6 million citizens country with no natural ressources !




    DAFUQ they callin' it singaPOOR for ?

  • Duran
    Duran 11 days ago

    Two things:
    Authoritarian/police state
    +
    money laundry

  • Survey Corps
    Survey Corps 12 days ago

    Then she could have afford plastic surgery

  • Sherlock Holmes
    Sherlock Holmes 12 days ago

    Why is Singapore so rich?
    *capitalism*

  • nehru98
    nehru98 12 days ago

    Why singapore is full of chinesse?

    • DL2R
      DL2R 9 days ago

      Because the british brought them in. Singapore is part of the malay archipelago though. And now they are getting big head😅

  • Daniel ダニアル
    Daniel ダニアル 12 days ago +1

    Singapore needs to be careful as a City for Business...In UAE especially in Dubai, only 11% are Emirati

  • Henry Tran
    Henry Tran 13 days ago

    Her voice is not pretty good for listening

  • Ausgapore Tan
    Ausgapore Tan 13 days ago

    Yet still there are many third world Indonesians, Malaysians and Filipinos say they are far ahead than Singapore

  • Leap Luy
    Leap Luy 14 days ago

    how is living in public housing get you only 1 friend ?

  • Gryphon Dartzeel
    Gryphon Dartzeel 14 days ago +12

    Lee Kuan Yew is the Hero, Singapore was fortunate to have such a leader.

    • Astor Tran
      Astor Tran 10 days ago

      We really have him to thank, but his descendants however... let's just say that we need to buck up.

    • Michael
      Michael 11 days ago

      As long as you weren't regarded as a deviant with long hair and willing to live in a steel and cement box.

  • Anunay Kumar
    Anunay Kumar 14 days ago

    Because of Chinese brains

  • Xeng Huang
    Xeng Huang 14 days ago

    Indian politicians and educational institution bureaucrats can turn them really poor in a very short period of time. India = sex.sex.sex. from every movie to commercial ads.

  • Phil Chung
    Phil Chung 15 days ago

    Nice but boring

  • Calvin Irwan
    Calvin Irwan 15 days ago

    Because it's neighbors goddamn stoopid

  • Izzuddin M Nasir
    Izzuddin M Nasir 15 days ago

    Singapore definitely rich for Malaysians but not Singaporeans because of currency gap

  • Scandi66
    Scandi66 15 days ago

    Despite the “Switzerland of the East” label often used in Singapore government propaganda, the city-state does not fall far short of China when it comes to suppressing media freedom. Prime Minister Lee Hsien Loong’s government is always quick to sue critical journalists, apply pressure to make them unemployable, or even force them to leave the country. The Media Development Authority has the power to censor all forms of journalistic content. Defamation suits are common and may sometimes be accompanied by a charge of sedition, which is punishable by up to 21 years in prison. As a result of judicial and financial pressure from the authorities, self-censorship is widespread, including within the alternative independent media. The red lines imposed by the authorities, known by journalists as “OB markers” (for out-of-bounds markers), apply to an ever-wider range of issues and public figures. The situation worsened significantly in 2018, with serious charges being pressed against five independent news websites and at least seven journalists and bloggers. The Singaporean authorities have also started sending journalists emails threatening them with up to 20 years in prison if they don’t remove offensive articles and play by the rules.

  • NPC 33331
    NPC 33331 15 days ago +1

    Singapore looks as awful as Dubai 🤮

  • saqib khan
    saqib khan 16 days ago

    Rich is so rich .poor is so poor.
    How Singapore is rich country ??

  • Vishnu Samosa
    Vishnu Samosa 16 days ago

    Rich full of shit

  • tkt058
    tkt058 17 days ago

    Because gini coefficients is low, It was said that Japan is the most succeed socialism nation.
    Singapole is beautiful, but gini coefficients is little high.
    So when GDP growth stop, many problems will occur, like working-poor.

  • tahsin rahman
    tahsin rahman 18 days ago

    the entire bloody country looks like downtown dubai... wtf.. i need to go and spend cash

  • lmo no
    lmo no 19 days ago

    Yeah... Rich but small country, even those are who riches aren't the original Singaporeans, they come from other countries

  • 英 Ying
    英 Ying 19 days ago

    Lee Dynasty. One-party ruling works.

  • Intel & Nvidia SUXXZZZ!!!

    Because singapore have a good dictator to begin with and toss every opposition that is simply tries to wrecking the country.

    • 英 Ying
      英 Ying 19 days ago

      Well, that is one way to put it, I guess.........
      Lee Dynasty. One-party ruling works.

  • pornman005
    pornman005 19 days ago

    Pains me to watch this ,lee kwan hue came to Jamaica for ideas they grew we didn't sad

  • Jj Honrubia
    Jj Honrubia 23 days ago

    City of modernize planning government the community obey the law to become greater country

  • rickseeman1
    rickseeman1 23 days ago

    I don’t think they have 50 million potheads and junkies to support like we do in the US.

  • Roberto Azuro
    Roberto Azuro 24 days ago

    Money laundering from Indonesia?

  • King Chin
    King Chin 24 days ago

    Singapare so rich because they are Chinese

  • Michael
    Michael 24 days ago +1

    Singapore like The Cayman Islands is a tax haven. In fact our ex Prime Minister Malcolm Turnbull uses it a long with all those companies. NO MENTION OF THIS ONE CRUCIAL FACT MAKES THIS CLIP WORTHLESS. Why is it a tax haven? Because it was a British colony and the very wealthy "park" their trust money there. Explains the outward glitter and inward inequality.

  • jb
    jb 24 days ago +5

    Singapore has the Highest average IQ of any country, 107, That's one of the main reason.

    • The next boxing Champ
      The next boxing Champ 22 days ago

      jb I think his economy is one of the reasons of a such a high iq percentage

  • Rio Auw auw
    Rio Auw auw 25 days ago

    Why singapore is soo rich?
    Good clean uncorrupted governments. but its a communist country in disguise as a liberal free thinkers democracy.
    i have lots friends who are middlle class, if you are not wealthy you are screwed! everything there its expensive. but still a first world country!
    the smart singapore peeps left their singapore soil to their dreams country (european/america etc)
    No one is having a baby anymore the cost of having/raising a child in singapore is staggering.. and they have lots of foreigners they hate them, but they actually need them..now they are showing their nationalism by hating the foreigners who steal their wealth and jobs, meanwhile their governemnt put a scheme of investments and laundry dirty money from their closest neighbours like indonesia (lots of corrupts officials & avoiding taxes bussinessman), vietnam, malaysia etc
    talk about being hypocrite!

  • Pulloo 719
    Pulloo 719 25 days ago

    Why is Singapore so poor???

  • Meta M
    Meta M 25 days ago +4

    Lived there 5 years many years ago, there were quite a few suicides I remember.

  • Ali Imtiaz
    Ali Imtiaz 25 days ago

    The resources we have in Pakistan if our population were like Singapore everyone in Pakistan would be thousands time billionaire than Singaporean or any western nation

    • Annyuu xoxo
      Annyuu xoxo 23 days ago

      But sir I'm afraid by 20-30 years Pakistan will be sold to China cause of debt

  • Anafe Camingue
    Anafe Camingue 26 days ago

    explaine all in french or german or mandarin but english is out.

  • Sword
    Sword 26 days ago +1

    Inequality is just a reflection of nature, some people suck and others are good.

    • Michael
      Michael 24 days ago

      Singapore like The Cayman Islands is a tax haven. In fact our ex Prime Minister Malcolm Turnbull uses it a long with all those companies. NO MENTION OF THIS ONE CRUCIAL FACT MAKES THIS CLIP WORTHLESS. Why is it a tax haven? Because it was a British colony and the very wealthy "park" their trust money there. Explains the outward glitter and inward inequality.

  • ኤርትራ ንኤርትራውያን

    Proud of you from Eritrea.

  • Andrew O'Neil
    Andrew O'Neil 27 days ago

    Singapore does have its issues, but it's probably the best South East Asian country right now.
    Yes there's inequality, but no one in Singapore is truly poor. And by poor, I mean how so many people in South East Asia live as. Singapore is a country where basically no one is below middle class. And with that, I don't mind it having inequality.
    Better than its neighbors which are less unequal, and not because the country is good. It's because everyone is poor.

  • hilmi ghani
    hilmi ghani 28 days ago

    Not only rich, smartest country also! Proven here!
    ru-clip.net/video/710AoKqgpx0/video.html

  • Sharif Al-Amin
    Sharif Al-Amin 28 days ago

    Singa-rich 😂

  • Curtis Carpenter
    Curtis Carpenter 28 days ago

    I think the Asian tigers and the UK need to work as closely as possible with each other.