IMO the wealth explains the IQ more than the other way around. The wealth is primarily a function of location; ie being along the chokepoint of one of the busiest shipping lanes in the worldpic.twitter.com/JGPaTn1FBB
Britain ruled Singapore for well over a century - Singapore now has one of the highest incomes in the world. Colonialism does not explain poverty. Singapore has one of the highest IQs in the world - average is 108! IQ + free markets explains wealth. Nothing else comes close.
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People tend to fixate on the past 200 years but SG has actually been a thriving port for several hundred years prior, as part of previous maritime empires - Srivijaya ~800-1200, Majapahit ~1200-1500pic.twitter.com/977QJmvc7T
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Fishing village is a common misconception, consequence of false narrative implanted post-Independencehttps://twitter.com/visakanv/status/1027247398282641408?s=21 …
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What Visa said is exactly right. There was also brisk business being done in Melaka centuries before that, which was also located along the same shipping lane. They did not make anything or anyone rich beyond themselves. That trade network existed long before they came.
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Not arguing with you regarding how well Singapore did with free market. However what's the reason for such high prices of properties there? I'd think no red tape would bring a lot of competition and lower the prices.
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Singapore is incredibly small, so property (land) is incredibly scarce compared to other countries.
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If Singapore could buy land from surrounding nations and transform it (through good governance) into a desirable place to live, Singapore real estate prices would go down.
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We buy what we can, but this already makes our neighbours uncomfortable. Outright buying land in neighbouring countries is not an option; it would be met with outrage for violating sovereignty
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Singapore is SMALL country with HOMOGENOUS population that explains why Singapore did well...Can't compare to other colonies like India.
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Singapore's demographic is not at all homogenous. Racially and religiously very diverse.
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Yes I accept I got this very wrong..But all I wanted to say that comparing Singapore and India is not fair..
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Point being that the causality is not one-dimensional like IQ -> wealth. And that IQ is not inherent to the national characteristic.
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Yes. It's strange to leave out Singapore's use of government to control social behavior. I do believe it is a significant factor to their current success.
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Benevolent dictatorship not free markets explains Singapore. Most companies are govt owned... specially core infrastructure. Calling Singapore free market is hilarious. Autocratic City State running wall Street of Asia is more accurate
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Singapore streams kids into different educational tracks after a 6th grade common exam PSLE. Vocational stream starts here for many students. Legislation is not a barrier as it is effectively a 1 party democracy. Lee kuan yew is perhaps the smartest/wisest leader post WW2.
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