Invert the Third-World Playbook

“Lee Kuan Yew literally invented industrial outsourcing aimed at reducing production costs, with such a significant impact both on third-world development and on the deindustrialization of Western countries: “In the sixties, seventies, eighties, during the time of trendy and conformist theories held by third-world leaders influenced by the slogans ‘socialism,’ ‘communism,’ ‘the Soviet Republic,’ and ‘no to exploitative multinationals,’ I did not follow this trend and I succeeded. Then, the other countries in the region followed my example{{id_6}}.””

“First, he invented in the sixties a new mode of economic development by doing exactly the opposite of all other member countries, like Singapore, of the non-aligned movement. These countries were taking protective measures against multinationals, considered as “supporters of Western imperialism.” For example, India not only shut the door to Coca-Cola but also to IBM, which delayed the development of the Indian software industry.”