Lee Kuan Yew was born into a wealthy Chinese family that had resided in Singapore since the 19th century. Lee went study law at Fitzwilliam College, in Cambridge, UK after World War II. He returned to Singapore in 1950 to practice law. At the time, Singapore was a British colony and major naval base for the British navy. The country was led …show more content…
Lee directed his government to enforce those rules quiet strictly and he supported the use of fines, judicial punishment, and even corporal punishment in order to do so. Lee also developed the “Stop at Two Family Planning Campaign”, which was a method of curtailing a rapid population growth by urging couples to undergo sterilization after the birth of their second child. Lee felt that Singapore’s growing population could impede a growth in the economy and such restriction were necessary to be …show more content…
Foreign bankers and investments were guaranteed of the reliability of Singapore's social and economic conditions. Lee maintained a tight grip on domestic finance by preventing the internationalization of the Singapore dollar, which restricted the international use of the domestic currency and strengthened the stability of the Singaporean dollar. A stable economy combined with sound financial and economic policy, an absence of corruption, high-standard infrastructure, technological advancement, and a policy of Free trade attracted foreign investors and enticed them to establish themselves in the small island of Singapore. Singapore soon established itself as a major financial center and an international sea port competing with other major ports like Hong Kong and