Albert Winsemius

Who was Albert Winsemius?

Albert Winsemius, a Dutch economist, was Singapore's long-time economic advisor from 1961 to 1984. He led the United Nations Survey Mission to Singapore, and was to play a major role in the formulation of Singapore's national economic development strategy.

In 1960, Dr Winsemius led the United Nations team to examine Singapore’s potential in industrialization. At that time, Singapore had just attained self-government and was facing high unemployment and growing population. He presented a 10-year development plan to transform Singapore from an entrepot trade port into a centre of manufacturing and industrialization.

His first emphasis was on creating jobs and attracting foreign investment. Labour intensive industries, such as the production of shirts and pajamas, were expanded. He also encouraged the large-scale public housing programme, believing that it would bolster the country's image, thus attractive to 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 the British heritage and could alleviate concerns that investors have toward a new socialist government. With his help, Singapore attracted big oil companies like Shell and Esso to establish refineries here.