More than fifty years ago, Singapore has no money, no talents, no technical expertise, but only low-cost labour who are willing to work extremely hard and humble ourselves to learn fast from foreigners who unselfishly imparted their knowledge to us. Back then, Singapore is a blank piece of paper. LKY and his team did an absolutely amazing job in attracting foreign investments, utilising his charisma to build friendships with foreign nations, who help this “little red dot” to become where we are today. As a nation, we are politically stable with friendly foreign policies. Banks grown rapidly and our manufacturing expertise improves by leaps and bound. Together with our good port location and the unique West-East culture, trading flourishes. The above economic model of making Singapore attractive to foreign investments is what I termed as the “Seduction Model”. Today, we are still deploying and advocating this model. In parallel to this model...