Surviving our independence
Learn about our founders’ efforts in building and growing the economy, and creating jobs for our people.
Last updated 17 October 2025
1959-1965: Early Economic Strategies
High unemployment rates meant that the economy had to become a key priority. The founding leaders of Singapore had in place two key economic strategies: rapid industrialisation and merger with the Federation of Malaya, North Borneo, and Sarawak.
1965-1970: Singapore’s Development Plan
As a new nation, Singapore had to rapidly industrialise the economy to address labour unrest