Hacker News new | ask | show | jobs
by alephnerd 965 days ago
Singapore had a much stronger base than any other Asian country other than Hong Kong in the mid-20th century.

Singapore was one of the richest Asian countries on a GDP per Capita basis in 1960. It was comparable to other middle income countries in that era like Southern Europe and South America [0].

LKY talking about Singapore as if it was a third world hell hole is just disingenuous PR to make the PAP look much more impressive. Even Taiwan and South Korea were much poorer than Singapore back then, but they've both caught up to Singapore by 2023. In fact, if you compare Singapore with other cities in first world Asia, then it's largely been outpaced by Seoul and Tokyo.

[0] https://cepr.net/documents/publications/econ_growth_2005_11_...