Word: goh
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...Goh, who served as the deputy prime minister of Singapore in 1973, strongly rejected arguments by some economists that high investment and savings rates drive economic growth...
...Goh repeatedly emphasized the need for a free market system to "reward ability and performance and punish failure...
...question-and-answer session which followed the lecture, Goh said a chief failure of the People's Republic of China is its inability to provide incentive for talented managers...
Some audience members interviewed after the speech said Goh avoided several questions about why economic growth had not been accompanied by democracy. In response to one audience member's question, Goh said he could not think of any downside to growth in Singapore, the lecturer's home country...
...think Dr. Goh made good points about education and market forces," said Jan Foo '94, "although he was very silent about the role of politics in government...