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From Third World to First: The Singapore Story: 1965-2000,
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In colonial times, Singapore was an entrepôt for the produce of British East Asia. Once the British left and Malaysia went its own way, Singapore had nothing to export. Therefore Singapore repositioned itself as low cost but efficient base of manufacture for European, American and Japaneese MNCs. Also by improving infrastructure, it became a first world city right in the middle of the third world and became a centre of business finance and tourism
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