Asia Times Online 26 Mar 2009, Kalinga Seneviratne
"But, the impact of the global financial turmoil on such a strategy has been such that Lee raised the unthinkable here when he said in an interview with the CNBC network, earlier this month, that Singapore might have to rethink its export-led growth strategy.
"There will have to be a global rebalancing because we cannot expect the Americans to be consumers of things made all over the world - and with the rest of the world as savers, lending money to the US to buy things from you."
He acknowledged that this would mean a shift away from Asia's export-driven economic development model."
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