People's confidence key to Singapore's success: Lee Kuan Yew
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SINGAPORE: Former Minister Mentor Lee Kuan Yew said that one key factor for Singapore's success is the confidence people have in the country.
Mr Lee was speaking at a dialogue organised by Standard Chartered Bank on Wednesday evening.
Joining Mr Lee for the dialogue were former chairman of the US Federal Reserve and former chairman of US President Obama's Economic Recovery Advisory Board, Paul Volcker, as well as Standard Chartered's group chief executive Peter Sands.
Mr Lee said investors have confidence because of Singapore's sound institutions, and to build them the country must have a stable government.
Mr Lee said he does not see any developments that will change that situation in the short term of five, 10 or 20 years.
"It will be very stupid of us to shake that confidence. The confidence rests on several pillars - institutions, sound policies by the government - you can always predict what we are going to do in any given situation, and an open trading area," said Mr Lee.
- CNA/fa -
It's true.
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Originally posted by QX179R:
Former Minister Mentor Lee Kuan Yew said that one key factor for Singapore's success is the confidence people have in the country.
True. I agree.
Mr Lee said he does not see any developments that will change that situation in the short term of five, 10 or 20 years.Stop at two? lol. Heart problem okay already ar? Can talk so much cock and move about?
He's active for an old bastard.
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The people in Singapore are always reputed to be very progressive, loving and confident since 70s. They dun even know policy. It is the people desires in the old day for common joys and mutual kindness that lead to Singapore until today. You can have the best policy and if the people are not harmony driven, compassionate and respectful amongst one another, the policy is just nothing. On the other hand, if the policy moulds singapore people becoming dogma, robotic and unloving, it becomes policy-people, not people-love. Quite contradicting from LKY, people's confidence key to the country - government, and the government is just a few of them, but the people in millions, sweat and blood in nation building, and majority of them earn just enough for monthly need so forth....
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he the "majesty" finally spoke after a long while of silence.
I doubt many of the locals still have the confidence in the country especially the current govt.