Skip to main content

Posts

Showing posts with the label singapore

What About Singapore?

Someone has just mentioned Singapore comparing its economic development with some Arab countries. So, I felt I should add a note to an old post . Referring to a capitalist country with a small population  – 2 million in 1970 and 2.4 million in 1980 when  Singapore’s economic development was apace – is not a good way of comparing countries. “ Only 7  years after its independence (1972), Singapore had become a  foreign investment magnet .  More than one-fourth of Singapore's manufacturing firms partnered with or were owned by a foreign entity.  The majority  of the investors came from the United States and Japan.  The country also achieved a  double-digit economic growth rate every year.” For internal and external reasons countries like Tunisia (the one my interlocutor compared to Singapore), Morocco, Syria and Egypt did not enjoy such foreign funding.  In 2022, Singapore was ranked 139th out of 180 nations by  Reporters Without Bord...

The Money Laundering Capital of the World

Taken together with its partly controlled territories overseas, Britain is instrumental in the worldwide concealment of cash and assets. It is, as a member of the ruling Conservative Party  said  last week, “the money laundering capital of the world.” And the City of London, its gilded financial center, is at the system’s core. The City of London is hiding the world’s stolen money
Documenting crimes The First Gulf War, the chemical attack on the Iraqi village of Halabja in 1988 and the role played by foreign companies in the build-up of chemical weapons in the region were the main topics at the most recent "Visions of Iran" film festival in Cologne.  Halabja – casting a long shadow