Singapore's PM Lee Kuan Yew: Can SG Companies COMPETE?

Ajouté : 2026-06-02

[00:00:00]I'm still on the topic of this MNC reliant model that we have today.

[00:00:05]You've talked about the validity of it going forward, but are there weaknesses to the model that you worry about?

[00:00:12]Well, the weaknesses are that the top MNCs may not come.

[00:00:18]And you get a second tier who will be defeated by the top MNCs.

[00:00:21]They would have gone to Vietnam because it's cheaper and smarter.

[00:00:27]And then the production in Vietnam will beat the production in Singapore.

[00:00:33]So, what have we got to offer?

[00:00:36]Cheaper labor? Cheaper land? No.

[00:00:39]Higher quality supporting structures to justify the higher cost.

[00:00:48]Do you mind the income gap?