The more money you have, the better economy you will get because people are willing to spend to keep the economy booming, that is why Singapore is one of the richest countries in the world. However, you should not look at Singapore alone. Instead, look at the entire East and South East Asia. All East Asian countries that follow Confucianism and were NOT ruled by the communist became rich and prosper. Comparied with Japan, Hong Kong, Singapore, South Korea, Taiwan and Macau, Malaysia has a mixed population, and that explains why they are lagging behind these six other countries.