To think for the present is a duty of every leader, yet to simultaneously think of the future is the dime of exceptional ones. From the late 1940s to the 1960s, it was the grand opportunity for these exceptional men to shine. Several countries in Africa and Asia were granted independence and it was now up to their leaders to decide on the next path. Some looked to the present, while others looked beyond the horizon and out to the future. Nations emerged and declined, and until now, the pattern is ongoing. What these countries need is this reemergence of exceptional leadership, of leaders that once again look with an eye for the future and a mind for the present. In trying to replace the slums of Singapore with new infrastructure, Lee Kuan Yew was determined to change the very behaviour of the citizens themselves, moving them from ‘third world’ to ‘first world’ citizens. It was not solving one problem, but of simultaneously keeping in mind the future prospects. The strategy that will be outlined below concentrates on two important fields: the informal and the knowledge economy. By attempting to…
Growth and Transition: The Informal Sector and the Knowledge Economy
April 3, 2017
