<TABLE cellSpacing=0 cellPadding=0 width=596 border=0><TBODY><TR><TD colSpan=3 height=26></TD></TR><TR><TD vAlign=top width=5> </TD><TD vAlign=top width=591 colSpan=2>Strong political leadership crucial in globalised world
By Hoe Yeen Nie, Channel NewsAsia | Posted: 18 October 2008 1611 hrs
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SM Goh Chok Tong (file pic)</TD></TR><TR><TD> </TD><TD class=update> </TD></TR><TR><TD> </TD><TD></TD></TR></TBODY></TABLE>
SINGAPORE: Senior Minister Goh Chok Tong said political leadership remains crucial in an increasingly globalised world. In the case of Singapore, strong institutions that have gained the people's trust have been key to its success.
Mr Goh first visited South Africa as prime minister of Singapore in 1991, and subsequent travels to other African nations have prompted him to think about the conditions for economic success.
A question which he said is particularly relevant in these uncertain times, especially when the impact of the current financial crisis is likely to reach developing nations.
In a globalised world where knowledge-based expertise is increasingly prized, Mr Goh said strong political leadership is even more indispensable than ever, pointing to recent actions by governments to deal with the troubles in the banking sector.
He believes more rules will be introduced in the wake of the financial crisis.
Mr Goh was speaking at a ceremony on Saturday where he received an honorary doctorate for Business Administration from South Africa's University of Pretoria.
He said while conditions for growth must take into account a country's endowment, social fabric, values and political climate, it is effective governance that "makes or breaks" a country.
"This is what Singapore has done, and is doing – systematically identifying good men and women with the character, values, drive, motivation and commitment to stand for elections and lead the country.
"This culture of planned political succession of prime ministers and ministers on the basis of merit distinguishes Singapore from other countries," Mr Goh said.
Another ingredient is talent. For Singapore, the key lies in balancing the need to bring foreigners into the system, while minimising the brain drain from its own people.
- CNA/so
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By Hoe Yeen Nie, Channel NewsAsia | Posted: 18 October 2008 1611 hrs
<TABLE cellSpacing=0 cellPadding=0 width=260 align=right border=0><TBODY><TR><TD align=right width=20> </TD><TD align=right width=240>
SM Goh Chok Tong (file pic)</TD></TR><TR><TD> </TD><TD class=update> </TD></TR><TR><TD> </TD><TD></TD></TR></TBODY></TABLE>
SINGAPORE: Senior Minister Goh Chok Tong said political leadership remains crucial in an increasingly globalised world. In the case of Singapore, strong institutions that have gained the people's trust have been key to its success.
Mr Goh first visited South Africa as prime minister of Singapore in 1991, and subsequent travels to other African nations have prompted him to think about the conditions for economic success.
A question which he said is particularly relevant in these uncertain times, especially when the impact of the current financial crisis is likely to reach developing nations.
In a globalised world where knowledge-based expertise is increasingly prized, Mr Goh said strong political leadership is even more indispensable than ever, pointing to recent actions by governments to deal with the troubles in the banking sector.
He believes more rules will be introduced in the wake of the financial crisis.
Mr Goh was speaking at a ceremony on Saturday where he received an honorary doctorate for Business Administration from South Africa's University of Pretoria.
He said while conditions for growth must take into account a country's endowment, social fabric, values and political climate, it is effective governance that "makes or breaks" a country.
"This is what Singapore has done, and is doing – systematically identifying good men and women with the character, values, drive, motivation and commitment to stand for elections and lead the country.
"This culture of planned political succession of prime ministers and ministers on the basis of merit distinguishes Singapore from other countries," Mr Goh said.
Another ingredient is talent. For Singapore, the key lies in balancing the need to bring foreigners into the system, while minimising the brain drain from its own people.
- CNA/so
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