U.S. economy continues its strong Singapore's Economic Success | The Economist 2 months ago   02:50

CNN Business
Employers added 228,000 jobs in November, while the unemployment rate remained at a 17-year low of 4.1%. CNNMoney's Christine Romans reports.

Comments 155 Comments

Arnold Slater
Thanks George HW Bush
Patrik Miskovic
like dolar lol
Harmonious Universe
Now Obama is taking credit for the economy.
The Rambler
I love the way CNN are asking themselves why Trumps approval rating is so low, kinda like the guy that keeps setting your house on fire and then asking you why you're homeless, lol
John Hall
One more illustration of the benefits of common sense policies over policies formulated primarily to gain political advantage and aid special interest groups (basically the same thing). Its remarkable how much difference policies intended to benefit the entire country as opposed to just Dem party voter base groups and wealthy donors can make.
Exchanging a primary objective of increased government control of the economy and society in general for a government which focuses on solving problems for American citizens, defending the country, and enforcing Federal law should be met with increasing confidence in the nation's future by anyone with an understanding of the basic elements of American historical achievement.
Stugon Monday
How many of these jobs are long lasting, good paying jobs? Who is getting more dough? The rich, the poor, the middle class, or is it everyone?
But yet his approval rating is in the dump. Shame.
Gianni Rivera
Bad news for the rest of the world
Leonard Wells
Trump at work
Alondra Creates
You mean 45%
My Friends
Of course the gay Muslim has been removed from the office!
peter lee
Thanks President Obama for taking us from a horrible financial crisis to what the economy looks like right now. Let's hope this popular vote loser doesn't ruin it like he's ruining our once Great Nation reputation, leadership and the environment and human rights.
Tracy White
The economy is doing great how come the USA is in a 20 trillion-dollar debt and Counting? Of course the economy is doing good the Federal Reserve is pumping money into the stock market buying stocks interest rates are low everything in the economy is a facade.
Daryl Leckt
the republican party is hiring paedophiles and men willing to grab women by the pussy to relocate out of state and run for senate.
Alex L
That lady poppy’s voice sounds like she’s always wound up too tight..
Marcello Bello
All lies. Jobs my ass.
Bo Rood
Thanks to Obama policies. The orange idiot will ensure its short lived
Dollie Harrison
All mainstream media needs to be shut down
Thanks Obama
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Singapore's Economic Success | The Economist U.S. economy continues its strong 2 months ago   02:13

When it started life as an independent, separate country in 1965, Singapore’s prospects did not look good. Tiny and underdeveloped, it had no natural resources and a population of relatively recent immigrants with little shared history. The country’s first prime minister, the late Lee Kuan Yew is credited with transforming it. He called one volume of his memoirs, “From Third World to First”.

Why did Singapore become an economic success?

First, its strategic location and natural harbour helped. It is at the mouth of the Malacca Strait, through which perhaps 40% of world maritime trade passes. It was an important trading post in the 14th century, and again from the 19th, when British diplomat Sir Stamford Raffles founded the modern city.

Now it is at the heart of one of the world’s most dynamic regions. Under Mr Lee, Singapore made the most of these advantages.
Second, under Mr Lee, Singapore welcomed foreign trade and investment. Multinationals found Singapore a natural hub and were encouraged to expand and prosper.

Third, the government was kept small, efficient and honest—qualities absent in most of Singapore’s neighbours. It regularly tops surveys for the ease of doing business.

But the island city is not ideal. Although clean and orderly, it has harsh judicial punishments, a tame press and illiberal social policies. Homosexual acts, for example, remain illegal. Protest demonstrations are rarely permitted.

Mr Lee saw his authoritarian style of government as an essential ingredient in Singapore’s success, emphasizing the island’s vulnerability in a potentially hostile neighbourhood.

But younger people now question whether Singapore really is that fragile, and resent the restrictions on their freedom.