24 Feb '16, 11pm

Brexit: The Singapore lesson

Brexit: The Singapore lesson

Image copyright Getty Images Image caption Singapore is a successful trading nation with a large financial sector and part of the ASEAN economic bloc From third world to first - Lee Kwan Yew, the engineer of Singapore's success, coined this catchphrase that sums up this tiny island's progress over the last 50 years. Once a colonial backwater, it is now one of the world's richest cities and has a per capita GDP that is higher than the UK or France. Sure, it helps to have one party in charge to push through policies, and a relatively malleable and compliant electorate - but other countries in the region have had the same government in power for a long time with nowhere near the same results as Singapore. Singapore's leaders knew however that they couldn't survive on their own. With no natural resources and a tiny population, Singapore has always looked beyond its shores to t...

Full article: http://www.bbc.co.uk/news/business-35647946?ocid=socialfl...

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Image copyright Getty Images Image caption Singapore is a successful trading nation with a large financial sector and part...

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Media caption Brexit: The Singapore lesson From third world to first - Lee Kwan Yew, the engineer of Singapore's success, ...

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