Singapore Turns 50 As A Success Story, But Challenges Await
Singapore is celebrating its 50th year of independence, and the wealthy city has plenty to be proud of — as well as plenty of challenges ahead.By Matt Picht | August 9, 2015
"50 years ago, on this very night, Singapore was on the eve of a momentous change," Prime Minister Lee Hsien Loong announced.
The Republic of Singapore is celebrating its 50th year of sovereignty. And the city-state has a lot of achievements to be proud of.
After being forced out of Malaysia in 1965, Singapore was left with severe economic problems. Today, the city is one of the world’s largest financial centers and has one of the highest GDP per capita in the world.