Spear
JF-Expert Member
- Jun 21, 2008
- 507
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After a period of friction between Singapore and the central government in Kuala Lumpur, Singapore separated from Malaysia on August 9, 1965, and became an independent republic
Facing severe unemployment and a housing crisis, Singapore embarked on a modernisation programme that focused on establishing a manufacturing industry, developing large public housing estates and investing heavily on public education. Since independence, Singapore's economy has grown by an average of nine percent each year. By the 1990s, the country has become one of the world's most prosperous nations, with a highly-[ame="http://en.wikipedia.org/wiki/Economic_development"]developed[/ame] [ame="http://en.wikipedia.org/wiki/Free_market_economy"]free market economy[/ame], strong [ame="http://en.wikipedia.org/wiki/International_trade"]international trading[/ame] links, and the highest [ame="http://en.wikipedia.org/wiki/Per_capita"]per capita[/ame] [ame="http://en.wikipedia.org/wiki/Gross_domestic_product"]gross domestic product[/ame] in Asia outside of Japan.[
Facing severe unemployment and a housing crisis, Singapore embarked on a modernisation programme that focused on establishing a manufacturing industry, developing large public housing estates and investing heavily on public education. Since independence, Singapore's economy has grown by an average of nine percent each year. By the 1990s, the country has become one of the world's most prosperous nations, with a highly-[ame="http://en.wikipedia.org/wiki/Economic_development"]developed[/ame] [ame="http://en.wikipedia.org/wiki/Free_market_economy"]free market economy[/ame], strong [ame="http://en.wikipedia.org/wiki/International_trade"]international trading[/ame] links, and the highest [ame="http://en.wikipedia.org/wiki/Per_capita"]per capita[/ame] [ame="http://en.wikipedia.org/wiki/Gross_domestic_product"]gross domestic product[/ame] in Asia outside of Japan.[