Singapore, a small island nation of just 6 million people, is widely admired for its high living standards and efficient civil service. Despite its unique policies and small size, the country has become a model for developing nations looking to escape poverty. However, Singapore faces several challenges that will shape its future, including tensions between the West and China, an aging population, and climate change.
One of the key aspects that Singapore must address is the need for more open politics. The country’s new leader, Lawrence Wong, will soon take over as prime minister following the stepping down of Lee Hsien Loong. This marks the end of almost six decades of rule by the Lee family, with Lee Kuan Yew being the founding father who transformed Singapore into a prosperous metropolis. Although he was known for his authoritarian methods, Lee Kuan Yew’s policies have led to an astonishing GDP per person of $88,000 in Singapore. As Singapore moves forward into a new era of leadership, it will be closely watched by countries around the world to see how it addresses these challenges and continues to thrive.
