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A United Nations team headed by the Dutch economist Albert Winsemius had first visited Singapore in 1960 to determine if industrialization could play a role in the island’s future development. Of course, Dr. Winsemius’s original plan looked to attract foreign investment in industries such as textiles and electronics with generous tax incentives. |
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Other ideas ranged from encouraging new state-built housing to maintaining the statue of Sir Stamford Raffles as a symbol to Western visitors. |
