In Singapore there are over 1,500 Filipinos on Employment Passes, professionals, engineers, accountants, architects, managers, more than those from other ASEAN countries except Malaysia which is Singapore’s nearest neighbour. 12. Lee Kuan Yew. 9 April 2009 THE FUNDAMENTALS OF SINGAPORE’S FOREIGN POLICY: THEN AND NOW Independence was thrust upon Singapore. But whatever the misfortunes of the past, if a fresh start is made, the future can be better. In the second period, the kidnapping of a Japanese executive in the Philippines, which took six months to settle, was enough to abort more Japanese investment plans.” He went on: “The country lost nearly a decade of growth, and as a result, faces so many problems that some people, even some Filipinos, have started to believe that there is a deep-seated self-destructive combination of political and cultural factors cursing the country.”. This photo taken on April 28, 2006 shows the late Kwa Geok Choo, wife of Singaporean Minister Mentor Lee Kuan Yew, attending at the Foreign Correspondents gala dinner in Singapore. Thailand and Malaysia started to deregulate and liberalise. Lee Kuan Yew on Filipinos and the Philippines. How will the Government pay for its COVID-19 Expenses? Many checks and balances have been written into the constitution to guard against the abuse of power that had happened with Marcos. He was Singapore’s first prime minister and the architect of the small Southeast Asian city-state’s spectacular ascent from a British tropical outpost with no natural resources to a global trade and financial center, and one of the world’s wealthiest countries on a per capita basis. There is a complete separation of powers between executive, legislature and judiciary. 10. And at least one typhoon struck each year. From Third World to First: The Singapore Story: 1965-2000 (2000). It has to be systematic with a publicly announced timetable during which the protective barriers enjoyed by the industrial and the services sectors will be dismantled, and foreign competitors allowed in. 9. Malaysia and Indonesia have reduced their budget deficits to 2% of GNP or less since 1987, to less than a third of previous deficit levels. A little less conversation, a little more action please. That was because corruption was … ‘, 8. All Rights Reserved. The Aquino Presidency achieved the restoration of a democratic constitution. I know the Papal … And Filipinos cannot blame others for it. They should undertake this vital job as their national duty. They cut down protection and opened up their industries and services to competition. I do not believe that democracy necessarily leads to development. Print. Dismantle the web of measures which keep out foreign companies and make Philippine companies compete to survive, not thrive at the expense of ordinary Filipinos. The second task is to free the economy from controls and monopolies. These factors are good for development. Lee Kuan Yew also spelled as Lee Kwan Yew 李光耀 is known as a very successful politician, born in Singapore, Mr.Lee successfully turned Singapore from a third world to first world.The other 2 non western countries that managed to reach developed status are Taiwan and South Korea, but both are still behind Singapore in term of Human Development Index (HDI) and Purchasing Power … A founding member of the People's Action Party, He is credited as transforming Singapore from a third world country to a first. I believe that what a country needs to develop is discipline more than democracy” were taken. 23. If the president carries through his liberalising of trade and investment regulations he will generate a new momentum in economic activities. Alas, even nature has been unkind. 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