He began by rebutting the naysayers that minuscule Singapore had a "near-zero chance of survival", with no natural hinterland of raw materials. Instead, Singapore confounded such dismal predications because it "was transforming into a new kind of city- the global city". Indeed, Mr Rajaratnam employed the term "global city" decades before it was to become a popular buzzword and academic fad. By further emphasizing that "Whether cities were good or bad, the trend towards urbanization is irreversible", his words were a remarkably accurate harbinger of global trends today.
Credits: The Straits Times
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