Singapore has transformed itself from a colonial trading port to a buzzing financial center in just a matter of decades. It’s been held up as an example of how small countries can seek a pathway to rapid growth and development. So what’s the city-state’s formula for success? And as Lawrence Wong takes over from Lee Hsien Loong as prime minister, what must he do to maintain it? Read more about Singapore's upcoming transition of power on Bloomberg: https://www.bloomberg.com/news/articles/2024-04-15/singapore-pm-lee-to-hand-reins-to-deputy-wong-next-month?sref=zU1fOhDr Sign up for the Balance of Power newsletter: https://www.bloomberg.com/account/newsletters/politics 00:00 Introduction 00:54 Lee Kuan Yew’s strategy 2:03 Finance transformation 3:10 Leisure and Entertainment 4:20 Singapore’s challenges 5:18 Leadership transition #Singapore #Wealth #Bloomberg -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.