Singapore #1: Early History
Singapore is surprising, writes Way Yuhl: “Singapore pumps no oil, digs no ore, and farms almost no land, yet its economy produces over $90,000 US dollars per person a year, the highest in Asia, one of the highest in the world.” In the Indian Ocean, the winds change direction with season. This was a big deal in the era of wind powered ships. “A trading ship could sail with one wind from China or India down to the strait, but it could not sail home until the wind turned. That forced wait kept foreign traders in the strait’s harbors, and their trading made whichever port controlled the strait’s trade rich.” Singapore was one such port. When the imperialists came, not surprisingly, they fought for control of these critical ports (Spain, Portugal, Britain). Tax the trade, and often prevent your rivals from even using the port. The British tried a different model: control the port, but make it free for all. No wonder that traders moved away fr...