Albert Winsemius

Albert Winsemius (26 February 1910 – 4 December 1996) was a Dutch economist best known for serving as an economic adviser to Singapore between 1961 and 1984. He led the United Nations Survey Mission to Singapore and played a major role in the formulation of Singapore's national economic development strategy.

Career

In 1960, Winsemius led the United Nations Expanded Programme for Technical Assistance (EPTA) team to examine Singapore's potential in industrialisation. At that time, Singapore had just attained self-government and was facing high unemployment and growing population. Winsemius presented a 10-year development plan to transform Singapore from an entrepot trading port into a centre of manufacturing and industrialisation.

Winsemius' first emphasis was on creating jobs and attracting foreign investment. Labour-intensive industries, such as the production of shirts and pyjamas, were expanded. He also encouraged the large-scale public housing programme, believing that it would bolster the country's image, thus attractive to foreign investors.

One of his earliest pieces of advice was not to remove the statue of Stamford Raffles as it was a symbol of public acceptance of Singapore's British heritage and could alleviate concerns that investors have towards a new socialist government. With Winsemius' help, Singapore attracted big oil companies such as Shell and Esso to establish refineries there.

During his term as Chief Economic Adviser between 1961 and 1984, Winsemius worked closely with Prime Minister Lee Kuan Yew, and key members of Lee's government such as Goh Keng Swee and Hon Sui Sen. Later, he also had a close partnership with Goh Chok Tong, Lee's successor as Prime Minister. He visited Singapore two or three times a year to review economic performance indicators and to discuss macro-economic strategy with government planners.

In the 1970s, Singapore was upgrading its industrial capacity to use higher technological methods, including electronics. Winsemius personally went to persuade large Dutch electronics companies such as Philips to set up production plants in Singapore. He also proposed that Singapore could be developed as a financial centre, as well as an international centre for air traffic and sea transport. Over the next twenty years, these predictions proved to be accurate.

In 1983, Winsemius retired from his position as Singapore's economic adviser at the age of 74. He said, ''"I leave with a saddened heart. It (Singapore) has become part of my life, more or less. It can do without me. It could do without me years ago. But it became part of my life. So I will shed a few tears, imaginary tears."''

Death

Winsemius died of pneumonia in the Netherlands on 4 December 1996. In a letter of condolences to his family, Lee Kuan Yew wrote: ''"It was Singapore's good fortune that he insemiustook a deep and personal interest in Singapore's development. Singapore and I personally are indebted to him for the time, energy and development he gave to Singapore. I am proud to have known him and to have been his friend."''

When asked about his life as an economist, Winsemius once said, ''"There is quite a lot of satisfaction, perhaps not like that of, say, an architect who can look at something and say, 'I made it'. But there is that satisfaction in knowing that you have contributed to the well being of people you don't know..."''

Family

Winsemius married Aly Schreiber. They had a son, two daughters and eight grandchildren.

Winsemius' son, Pieter Winsemius, served as Minister of Housing, Spatial Planning and the Environment in the Dutch government from 1982 to 1986.

Awards

In 1997, Nanyang Technological University established the Albert Winsemius Professorship as a lasting tribute to Winsemius for his significant contributions to Singapore's economic development.

For his contributions to Singapore's economic development, Winsemius was conferred several honours. In 1967, Yusof Ishak, the first President of Singapore, awarded him the Distinguished Service Medal. In 1970, he was conferred an honorary degree by the National University of Singapore. In 1976, he received the National Trades Union Congress' May Day Gold Medal of Honour.

There is a lane in Clementi named after him.

See also

* Economy of Singapore

References

External links

Fact Sheet on the Albert Winsemius Professorship

{{DEFAULTSORT:Winsemius, Albert
1910 births
1996 deaths
20th-century Dutch economists
People from Leeuwarden
Economic history of Singapore
Erasmus University Rotterdam alumni