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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (67924)8/22/2005 7:45:36 AM
From: shades  Read Replies (1) of 74559
 
culture in an effort to keep out liberal Western material that could be politically and socially dangerous for Beijing.

BWAHAHAH! HAHAH! STop, you are killing me - HAHA!

marginalrevolution.com

Lee Kuan Yew is usually worth reading
Tyler Cowen
He is not afraid to be blunt, and for a politician he is surprisingly analytical. Here is the interview. Here is Lee on Singapore and China:

Mr. Lee: ...So it is a very serious challenge for us to move aside and not collide with them [the Chinese]. We have to move to areas where they cannot move.

SPIEGEL: Such as?

Mr. Lee: Such as where the rule of law, intellectual property and security of production systems are required, because for them to establish that, it will take 20 to 30 years. We are concentrating on bio medicine, pharmaceuticals and all products requiring protection of intellectual property rights. No pharmaceutical company is going to go have its precious patents disclosed. So that is why they are here in Singapore and not in China.
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