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The Singaporean leadership promised foreign companies what they loved to hear; the government would be incorruptible, the government would respect capitalism and all foreign investments, with no nationalization or seizure of assets would ever take place, and that Singapore would have regular and predictable law - many third World governments encourage investments but then change the rules at will, this would not be applicable to Singapore. The Lion City kept its promises and enforced them religiously. This differentiated Singapore with other third world nations, and successfully caught the attention of international businesses. Foreign investments began to flush into Singapore.
The bolded reminded me of something.. a country, I just cant pinpoint exactly which one.
Sep 16 2012, 11:46 PM
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