Today's date:
Spring 1998

Asian Values Did Not Cause the Meltdown

Lee Kuan Yew, the senior minister of Singapore, remains the eminence behind power in that city state. He was prime minister from 1959 to 1991.

Singapore - Many Western writers have attributed the financial collapse in Asia to Asian values: guanxi (that is, cronyism), corruption and backdoor or under-the-table business practices.

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