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NARA [144]
3 years ago
7

Answer this fast and I’ll make you Brainly

History
1 answer:
GarryVolchara [31]3 years ago
8 0
Mild is the answer


This is caused by hot summers and cold winters
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Answer:"I don't think any other economy," says Linda Lim, an economist at the University of Michigan, "even the other Asian tigers, have that a good a statistical record of rapid growth, full employment, with very good social indicators — life expectancy, education, housing, etc. — in the first 20 years," she says.

Lee Kuan Yew, the man who founded modern-day Singapore and died last week at age 91, led that economic transformation. One of the most influential leaders of the 20th century, Lee was an autocrat whose tiny island-state became one of the richest places in the world, and a role model for other governments in Asia and beyond.

Singapore has little land and no natural resources. But after its independence in 1965, the former British colony was transformed into a major manufacturing and financial center. The late conservative economist Milton Friedman described Singapore as an example of how to do development right.

"If you compare the conditions of people in a place like Singapore with the conditions of people in a place like red China or for that matter Indonesia, you will see that the economic freedom is a very important component of total freedom," he said on Free to Choose, a TV series first broadcast on PBS in 1980.

Conservatives see Singapore as a free-market success story. Low taxes, few capital restrictions and liberal immigration policies have made it one of the most cosmopolitan places on Earth.

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But like Deng Xiaoping's China, which emulated many of Singapore policies, Lee's government played a big role in the economy.

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