MoneyWeek

What we can learn from Singapore

What’s happened?

While Britain may be about to get its sixth prime minister since 2016, Lawrence Wong, a 51-year-old US-trained economist, was last month sworn in as Singapore’s fourth prime minister since 1965, when the city-state separated from Malaysia and became independent. Wong had been finance minister since 2021, and succeeded Lee Hsien Loong, who had led the island nation since 2004. Wong’s succession was carefully choreographed by the ruling People’s Action party, which has governed Singapore since 1959. He’s the first PM to be born after independence, and (unlike his predecessor) is not

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