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by pydry
1883 days ago
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He was an overrated thug. What good he did (e.g. HDBs) was largely a result of arm twisting and fear - of domestic communists, and being smart enough to listen to Albert Winsemius (attracting foreign investment). He's popular in the Western media because he treated foreign investors like kings. They're happy to trumpet the successes and sweep the uglier side under the carpet and indulge the cult of personality he built. Singapore's geography, meanwhile, is not given nearly enough credit. It had probably the world's most strategically located deep water port and being a city state helps keep the government on its toes and avoid corruption (in stark contrast to, say, Brazil/Myanmar) : https://www.nber.org/system/files/working_papers/w19027/w190... This is why a lot of its success is not really replicable elsewhere. |
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All that said, I do agree that Goh Keng Swee (who?) doesn't get nearly enough credit for the economic policy that make Singapore possible: https://en.wikipedia.org/wiki/Goh_Keng_Swee