I have been reading Lee Kuan Yew’s book – who is largely credited as the mastermind and sole reason Singapore went from zero to hero. And remains the number 1 port in the world. Of course there is a lot more to it than this – but maybe this will paint a picture for you.
IMAGINE YOU HAVE ONE DOLLAR OR 100% OF THE REVENUE (THIS COULD BE THE REVENUE OF A GOVERNMENT) NOW YOU SPLIT THAT DOLLAR INTO 4 QUARTERS – WHAT DO YOU SPEND IT ON? HERE’S THE ANSWER FROM LEE KUAN YEW CHAPTER 10 – THE 4 MOST IMPORTANT FACTORS FOR ANY COUNTRY:
Now of course Lee Kuan Yew was the benign defender and strategist – and an excellent chess player. So it is far easier said than done.
THE SINGAPORE MIRACLE
FROM A 3RD To 1ST WORLD COUNTRY
HOW TO RAISE THE STANDARD OF LIVING (REVENUE)
1. RESOURCES TO POULATION (25%)
Clean water, healthy food, energy, stores,
metal, steel, clean rivers, reservoirs, land, lakes, etc.
Move from an Agricultural Country to an Industrial one.Â
2. TECHNOLOGY & DEFENSE (25%)
Increase the standard of Technology. Investors must feel safe.
Fund the Army, Airports, Anti-Corruption, Police, Courts, Jail, Laws, etc.
Strict financial laws to protect investors. Create fair and rapid justice.
3. EDUCATION & COMMUNICATION (25%)
Schools, and teachers, offer 2 languages (English & Mother Tongue)
The universal language of business is English, learn both in school,
Compete GLOBALLY, and learn to communicate with other countries.
4. WORKFORCE & GOVERNMENT (25%)
Tax & law must favor Entrepreneurship & growth, fuel innovation,
quality of manpower is the biggest factor – Singapore pays 0 in unemployment.
Reward production & penalize non-production.
There you have it folks. Your roadmap to take a country from 3rd to 1st. Like and share.
Checklist for Raising the Standard of Living (Revenue):
Resources to Population (25% of the budget):
1. Improve access to clean water by investing in water treatment infrastructure. (Goal: Ensure clean and safe water supply for all citizens.)
2. Promote sustainable agricultural practices to ensure a healthy food supply.
(Goal: Enhance food security and nutrition.)
3. Invest in renewable energy sources to meet energy needs.
(Goal: Transition towards sustainable and clean energy.)
4. Develop stores and markets to enhance the availability of goods.
(Goal: Improve access to a variety of essential goods.)
5. Implement measures to protect and conserve natural resources.
(Goal: Ensure sustainable use and preservation of natural resources.)
6. Strengthen the management of rivers, reservoirs, land, and lakes for sustainable use.
(Goal: Preserve and manage water and land resources for future generations.)
7. Modernize and upgrade infrastructure for efficient transportation and logistics.
(Goal: Enhance connectivity and facilitate trade and commerce.)
8. Promote industrialization to diversify the economy and create employment opportunities.
(Goal: Drive economic growth and generate jobs.)
9. Encourage research and development in resource management and utilization.
(Goal: Foster innovation and sustainable resource utilization.)
10. Establish policies and regulations to ensure responsible and sustainable resource extraction.
(Goal: Promote responsible and sustainable resource management.)
Technology & Defense (25%):
1. Foster a culture of technological innovation and entrepreneurship.
(Goal: Stimulate technological advancements and economic growth.)
2. Invest in research and development to enhance technological capabilities.
(Goal: Drive innovation and competitiveness in technology sectors.)
3. Establish technology parks and incubators to support the growth of startups.
(Goal: Foster a vibrant startup ecosystem and promote entrepreneurship.)
4. Develop a robust defense system to ensure national security.
(Goal: Safeguard the sovereignty and security of the nation.)
5. Allocate sufficient funds for defense to maintain a strong and capable military.
(Goal: Ensure a well-equipped and capable defense force.)
6. Implement anti-corruption measures to ensure a transparent and fair business environment.
(Goal: Promote integrity and accountability in business practices.)
7. Strengthen law enforcement agencies to provide a safe and secure environment for investors.
(Goal: Ensure a safe and conducive environment for investment and business.)
8. Establish efficient airport infrastructure to facilitate trade and travel.
(Goal: Enhance connectivity and facilitate international trade and tourism.)
9. Enhance the legal system to ensure fair and rapid justice.
(Goal: Ensure access to a fair and efficient judicial system.)
10. Provide incentives and support for technology adoption and upgrading in industries.
(Goal: Encourage technological advancements and innovation in industries.)
Education & Communication (25%):
1. Invest in education infrastructure to provide quality schools and facilities.
(Goal: Ensure access to quality education for all.)
2. Improve teacher training programs to enhance the quality of education.
(Goal: Enhance teaching effectiveness and student learning outcomes.)
3. Offer education in both English and the mother tongue to promote bilingualism.
(Goal: Foster bilingual proficiency and cultural preservation.)
4. Develop a curriculum that emphasizes critical thinking, creativity, and problem-solving skills.
(Goal: Nurture well-rounded individuals equipped with essential skills.)
5. Foster partnerships between educational institutions and industries for practical training.
(Goal: Bridge the gap between academia and industry, promoting employability.)
6. Enhance communication infrastructure and connectivity for seamless information exchange.
(Goal: Improve access to communication networks and digital connectivity.)
7. Promote digital literacy and provide access to affordable internet services.
(Goal: Bridge the digital divide and promote digital inclusion.)
8. Establish programs to encourage international student exchanges and cultural understanding. (Goal: Foster global awareness and cross-cultural appreciation.)
9. Support lifelong learning initiatives to upskill and reskill the workforce.
(Goal: Enable continuous learning and adaptability in a changing economy.)
10. Foster a culture of entrepreneurship and provide support for aspiring entrepreneurs.
(Goal: Cultivate an entrepreneurial mindset and support business innovation.)
Workforce & Government (25%):
1. Implement tax policies that incentivize entrepreneurship and innovation.
(Goal: Promote business growth and innovation.)
2. Streamline business registration processes to facilitate ease of doing business.
(Goal: Reduce bureaucracy and administrative burdens.)
3. Provide financial support and incentives for startups and small businesses.
(Goal: Foster a supportive environment for startup growth and development.)
4. Foster a culture of innovation and continuous learning in the workforce.
(Goal: Cultivate a skilled and adaptable workforce.)
5. Invest in vocational training and skills development programs.
(Goal: Enhance employability and workforce productivity.)
6. Establish mentorship programs to connect experienced entrepreneurs with aspiring ones.
(Goal: Facilitate knowledge transfer and networking opportunities.)
7. Develop a business-friendly regulatory environment that supports growth and innovation.
(Goal: Create an enabling environment for business expansion and investment.)
8. Create platforms for collaboration between the government and the private sector.
(Goal: Foster public-private partnerships for economic development.)
9. Provide access to affordable financing options for entrepreneurs and small businesses.
(Goal: Facilitate access to capital for business growth and expansion.)
10. Implement policies to attract and retain talent, both locally and internationally.
(Goal: Develop a skilled and diverse talent pool to drive economic growth.)
Note: This checklist includes goals assigned to each checklist point to provide a clearer direction and focus for raising the standard of living and revenue. These goals help guide the efforts and outcomes of the actions undertaken.
