Lee Kuan Yew Quotes
I support the view that free trade in goods and services is a win-win situation. I'm not so convinced that free flows of capital without restriction is a win-win situation.
Lee, Kuan Yew. From Third World to First: The Singapore Story: 1965-2000. HarperCollins Publishers, 2000.
Democratic politicians of that era mostly opposed free trade because the experience ever since NAFTA showed that many manufacturing jobs were lost in the United States although many new jobs were created but few of these were good paying jobs that Americans with limited educations could perform as they were able to with manufacturing jobs. And during that period, the requirements for fair trade and foreign workers rights have been very poorly enforced. The Democrats split between those who thought that new trade treaties could be negotiated and enforced, correcting the problems of the past, and those who did not believe that such proper free trade was very likely.
Lee Kuan Yew GCMG CH SPMJ, often referred to by his initials LKY, was a Singaporean statesman and lawyer who served as Prime Minister of Singapore from 1959 to 1990. As one of the founding members of the People's Action Party, Lee is recognised as the nation's founding father, credited with rapidly transitioning the country from a "developing third world country into a developed first world country within a single generation" under his leadership. Lee died of pneumonia on 23 March 2015, aged 91. In a week of national mourning, about 1.7 million Singaporean residents as well as world leaders paid tribute to him at his lying-in-state at Singapore's Parliament House and at community tribute sites around the country.
