Title: The Economic Transformation of Singapore under Lee Kuan Yew Under the leadership of Lee Kuan Yew, Singapore underwent a remarkable economic transformation from 1959, when he became the Prime Minister, until his retirement in 1990. Lee Kuan Yew's vision and policies turned the city-state from a developing country into one of the world's most prosperous nations. Key elements of this transformation included the establishment of a strong, corruption-free government, investment in education, and the attraction of foreign investment through economic incentives. His administration focused on developing infrastructure, creating a business-friendly environment, and implementing strict social policies to promote stability and growth. The Economic Development Board, created in 1961, played a crucial role in planning and executing strategies for industrialization and economic diversification. By the time Lee stepped down, Singapore had become a global financial hub with a high standard of living, setting a model for economic success in Asia.
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