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Singapore, officially the Republic of Singapore, is an island country located
at the southern tip of the Malay Peninsula. It lies 137 kilometres (85 mi) north
of the equator, south of the Malaysian state of Johor and north of Indonesia's
Riau Islands. At 707.1 km2 (273.0 sq mi), Singapore is one of four remaining
true city-states in the world. It is the smallest nation in Southeast Asia.
Prior to European settlement, the island now known as Singapore was the site of
a Malay fishing village at the mouth of the Singapore River. Several hundred
indigenous Orang Laut people also lived along the nearby coast, rivers and on
smaller islands. In 1819 the British East India Company established a trading
post on the island, which was used thereafter as a strategic trading post along
the spice route. Singapore would become one of the most important commercial and
military centres of the British Empire, and the hub of British power in
Southeast Asia. The city was occupied by the
Japanese during
World War II, which Winston Churchill called "Britain's greatest
defeat".Singapore reverted to
British rule
immediately postwar, in 1945. Eighteen years later the city, having achieved
independence from Britain, merged with Malaya, Sabah and Sarawak to form
Malaysia.
However, less than two years later it seceded from the federation and became an
independent republic on 9 August 1965. Singapore joined the United Nations on 21
September that same year. It is also a member of the Commonwealth of Nations.
Since independence, Singapore's standard of living has been on the rise. Foreign
direct investment and a state-led drive to industrialisation based on plans
drawn up by the Dutch
economist Albert Winsemius have created a modern economy focused on electronics
manufacturing, petrochemicals, tourism and financial services alongside
traditional entrepôt trade. Singapore is the 5th wealthiest country in the world
in terms of GDP (PPP) per capita. This small nation has foreign exchange
reserves of more than US$177 billion.
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