How a Small Island Became One of the Richest Places on Earth
Every rich country seems to follow the same path. First comes agriculture. Then factories. Then services. This pattern has repeated itself for more than two centuries. The United Kingdom became wealthy by manufacturing textiles, machinery, and industrial goods. Germany built an industrial powerhouse around steel, chemicals, and engineering. Japan became an export giant through automobiles and electronics. South Korea transformed itself from one of the poorest countries on Earth into a technological leader through companies like Samsung and Hyundai. More recently, China became the world's factory floor, producing everything from toys to smartphones. The formula appears simple: build factories, export products, get rich. But there is one country that largely broke this rule. A country that became extraordinarily wealthy without ever becoming a traditional manufacturing giant. That country is Singapore. Today, Singapore is one of the richest nations on Earth....