Since winning independence in 1965, Singapore has taken some of the world’s highest rates of economic growth. A large portion of GDP and employment came from direct investment by multinational companies in low-cost assembly work, but in the 1990s, rising wages in Singapore are increasingly priced it in these industries. Singapore could change desirable from an assembler and processor of western design parts to a designer and marketer of products? Lee Kuan Yew, the “Father of Singapore” … Read more »

Since winning independence in 1965, Singapore has taken some of the world’s highest rates of economic growth. A large portion of GDP and employment came from direct investment by multinational companies in low-cost assembly work, but in the 1990s, rising wages in Singapore are increasingly priced it in these industries. Singapore could change desirable from an assembler and processor of western design parts to a designer and marketer of products? Lee Kuan Yew, the “Father of Singapore”, had repeatedly shown an ability to guide the nation through such transitions. Not only that his successors have no such track record, but the next move might be the toughest yet.
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from
Forest Reinhardt,
Edward Prewitt
Source: Harvard Business School
25 pages.
Release Date: 31, March 1993. Prod #: 793 096 PDF-ENG
Singapore HBR case solution

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