Professor Joseph Foudy discusses how Singapore welcoming foreign investments led to its prosperity
— June 22, 2016
Excerpt from Nikkei Asia -- "'They just welcomed all forms of investment at a high and a low level,' Foudy said of the country. 'Basically it serves as a headquarters for multinationals, servicing much of Asia. It combines stability with a Western legal system and property rights. It has a challenge of rising inequality, but it also is a country that essentially has no capital gains tax or inheritance tax as well. So it's become sort of a magnet for the wealthy and the people trying to find safety and security.'"