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- Lee Kuan Yew: Rule of law important for investors and economic growth
Date: 15-Oct-2007 Sources: (People's Daily)
Singapore founding father Lee Kuan Yew emphasized on Sunday the importance of the rule of law for investors and for economic growth.
Speaking at the International Bar Association's conference, Minister Mentor Lee said: 'Important for investors and economic growth is the rule of law, implemented through an independent judiciary, an honest and efficient police force, and effective law enforcement agencies.'
According to local television Channel News Asia report, he also listed some key attributes such as good governance and a sound judicial system that have resulted in stability and economic growth for Singapore.
Addressing some 3,500 lawyers and participants from around the world, Lee also cited three factors which enabled the country to escape the poverty that had plagued the region.
'First, clean and efficient government, second, the character and capabilities of the leadership in charge, third, an industrious people, eager and quick to learn to be productive and gainfully employed,' he said.
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