Paul Collier

The Singapore model: lessons for the new PM from Lee Kwan Yew

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Labour has sneered at talk of ‘Singapore-on-Thames’ as a post-Brexit economic model, while the tax-cutting wing of the Conservatives has embraced it with a passion. But neither seem to know much about how Singapore actually achieved its remarkable prosperity. Lee Kwan Yew, the country’s prime minister from 1959 to 1990 (and one of the greatest national leaders since 1945), transformed Singapore from corruption, division and poverty by moral, fiscal, social and market acts of genius which gave people a new sense of hopeful purpose.

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