SINGAPORE ECONOMIC GROWTH AND DEVELOPMENT 1961-1966

Since Lee Kuan Yew came to power in 1959 he had initiated the Economic Development Plan for Singapore for the year 1961-64. One of the main aims of the development plan initiated by Lee was to develop Singapore into a modern economy and at the same time to gain political support from the divided Singaporeans. It was crucial for Singapore to boost its economy in order to meet the domestic and global demand. Singapore also had benefited from her merging with Malaysia where natural wealth and water supply from Malaysia were taken into her advantage. This research also tries to show that a peaceful environment is crucial for the progress and development of Singapore. As a tiny country in the midst of the Malay world, Singapore has to play her vital role judiciously in building good relations with her immediate neighbours. In conclusion Singapore tries to resolve every conflict with her neighbours in order not to hamper her progress and her survival in this region.