Lee Kwan Yew leaves a powerful legacy
Lee Kuan Yew has passed away. The Strait of Malacca defined the trade route of that area from the 18th century until today. Lee Kwan Yew took a strong appproach to managing Singapore and over three decades turned it into an economic powerhouse.
Foreign investment has flooded into Singapore, much of it by multinationals such as Procter & Gamble, Caterpillar and Google, seeking to use the city as a regional headquarters for operations in the fast-growing economies of surrounding Southeast Asia and, more recently, the wider Asia region itself.
Singapore is the largest ship-bunkering port in the world, the largest foreign exchange trading centre in Asia and is second only to Hong Kong in terms of wealth management by assets.
The banning of the sale of chewing gum — except for medicinal purposes — was among the more benign examples of a rule that occasionally saw political opposition handled harshly, including the use of financially crippling lawsuits to silence critics.
Lee was often accused by rights groups of restricting civil liberties in Singapore’s multiracial society, over which he exerted a distinctive moral authority.