Singapore’s Demographic Woes Are of Its Own Making
Lee Kuan Yew, the founding prime minister of Singapore, is one of the great statesmen of the twentieth century. At 88 he is a bit unsteady on his feet and attends a lot of funerals, but his mind is as clear as ever. A man of steely resolve, he turned a tiny, defenseless, impoverished, and racially and politically divided island with no natural resources into an economic powerhouse.
Today Singapore is a leading financial center, is the world's easiest place to do business, is ranked no. 8 in foreign exchange reserves, has the world's top-ranked education system, and is the world's least corrupt country. Economically, Singapore is a miracle, and Lee Kuan Yew is its wizard. This past...
