Goh Keng Swee
Encyclopedia
Goh Keng Swee was the second Deputy Prime Minister
Deputy Prime Minister
A deputy prime minister or vice prime minister is, in some counties, a government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to that of a vice president, but is significantly different, though both...

 of Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 between 1973 and 1984, and a Member of Parliament
Members of the Singapore Parliament
The following is a historical list of members for the current and past ten Parliaments of Singapore:-See also:*1st Parliament of Singapore*2nd Parliament of Singapore*3rd Parliament of Singapore*4th Parliament of Singapore*5th Parliament of Singapore...

 for the Kreta Ayer constituency
Constituencies of Singapore
Constituencies in Singapore are electoral divisions which may be represented by single or multiple seats in the Parliament of Singapore. Constituencies are classified as either single member or group representation constituencies...

 for a quarter of a century. Born in Malacca
Malacca
Malacca , dubbed The Historic State or Negeri Bersejarah among locals) is the third smallest Malaysian state, after Perlis and Penang. It is located in the southern region of the Malay Peninsula, on the Straits of Malacca. It borders Negeri Sembilan to the north and the state of Johor to the south...

 in the Straits Settlements
Straits Settlements
The Straits Settlements were a group of British territories located in Southeast Asia.Originally established in 1826 as part of the territories controlled by the British East India Company, the Straits Settlements came under direct British control as a crown colony on 1 April 1867...

 into a Peranakan
Peranakan
Peranakan Chinese and Baba-Nyonya are terms used for the descendants of late 15th and 16th-century Chinese immigrants to the Indonesian archipelago of Nusantara during the Colonial era....

 family, he came to Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 at the age of two years. Educated at Raffles College and the London School of Economics and Political Science
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

, his interest in politics began during his time in London where he met fellow students seeking independence for British Malaya
British Malaya
British Malaya loosely described a set of states on the Malay Peninsula and the Island of Singapore that were brought under British control between the 18th and the 20th centuries...

, including Abdul Razak, Maurice Baker, Lee Kuan Yew
Lee Kuan Yew
Lee Kuan Yew, GCMG, CH is a Singaporean statesman. He was the first Prime Minister of the Republic of Singapore, governing for three decades...

 and Toh Chin Chye
Toh Chin Chye
Toh Chin Chye is a prominent first generation political leader in Singapore. He completed his Secondary education in St. George's Institution and continued his studies at Raffles College and the University of London. Subsequently, Toh received his PhD at the National Institute for Medical...

. From 1945 onwards he worked for the Department of Social Welfare, eventually rising to become its Director. In 1958 he resigned from the Civil Service to work full-time for the People's Action Party
People's Action Party
The People's Action Party is the leading political party in Singapore. It has been the city-state's ruling political party since 1959....

 (PAP), becoming a key member and later vice-chairman of its Central Executive Committee. The following year he successfully contested the Kreta Ayer seat in the 1959 general election
Singapore general election, 1959
The 1959 Singapore legislative assembly general election was a general election held in Singapore on 30 May 1959 to choose the members of the Legislative Assembly of Singapore...

 for the Legislative Assembly
Legislative Assembly of Singapore
The Legislative Assembly of Singapore was the legislature of the government of Singapore from 1955 to 1965 and the predecessor of the Parliament of Singapore. The Rendel Constitution, proposed in 1953, sought to give the local population more self-governance as the Merdeka independence movement grew...

, and joined the first government
Government of Singapore
The Government of Singapore is defined by the Constitution of the Republic of Singapore to mean the Executive branch of government, which is made up of the President and the Cabinet of Singapore. Although the President acts in his personal discretion in the exercise of certain functions as a check...

 of Prime Minister
Prime Minister of Singapore
The Prime Minister of the Republic of Singapore is the head of the government of the Republic of Singapore. The President of Singapore appoints as Prime Minister a Member of Parliament who, in his opinion, is most likely to command the confidence of a majority of MPs.The office of Prime Minister...

 Lee Kuan Yew as Minister for Finance
Ministry of Finance (Singapore)
The Ministry of Finance , is a ministry of the Government of Singapore responsible for administering and regulating financial institutions and structures of the economy of Singapore. It is headed by the Minister for Finance...

. Upon Singapore's independence on 9 August 1965, Goh became the nation's first Minister for the Interior and Defence. He subsequently served as Finance Minister (1967–1970), Minister for Defence
Ministry of Defence (Singapore)
The Ministry of Defence is a ministry of the Government of Singapore entrusted with overseeing the national defence needs of the Republic of Singapore. It is the headquarters of the Singapore Armed Forces...

 (1970–1979) and Minister for Education
Ministry of Education (Singapore)
The Ministry Of Education is a ministry of the Government of Singapore that directs the formulation and implementation of policies related to education in Singapore.-Statutory boards:...

 (1979–1980, 1981–1984).

Following his retirement from politics, Goh continued to be active in public life, serving as Deputy Chairman of the Government of Singapore Investment Corporation
Government of Singapore Investment Corporation
The Government of Singapore Investment Corporation Private Limited is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves...

 (1981–1994); Chairman of the Board of Governors of the Institute of East Asian Philosophies (1983–1992) and Executive Chairman and Chairman of the Board of Governors of its successor, the Institute of East Asian Political Economy (1992–1995); Economic Adviser to the State Council of the People's Republic of China
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...

 on coastal development and Adviser on tourism (1985); Deputy Chairman of the Monetary Authority of Singapore
Monetary Authority of Singapore
The Monetary Authority of Singapore is Singapore's central bank and financial regulatory authority...

 (1985–1992); Chairman of the Singapore Totalisator Board (1988–1994); adviser to the United Overseas Bank group
United Overseas Bank
United Overseas Bank Limited , abbreviated as UOB is a bank incorporated in Singapore. It was founded 6 August 1935 by Kuching-born Datuk Wee Kheng Chiang, father of the present United Overseas Bank Group Chairman, Mr...

 (from 1993); Chairman of N.M. Rothschild & Sons (Singapore) Ltd.
N M Rothschild & Sons
N M Rothschild & Sons is a private investment banking company, belonging to the Rothschild family...

 (from 1994); and Vice-Chairman of Hong Leong Asia Ltd.
Hong Leong Group
Hong Leong Group is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Tan Sri Quek Leng Chan, the company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development...

 (from 1995).

In 1972, Goh was the recipient of the Ramon Magsaysay Award
Ramon Magsaysay Award
The Ramon Magsaysay Award is an annual award established to perpetuate former Philippine President Ramon Magsaysay's example of integrity in government, courageous service to the people, and pragmatic idealism within a democratic society. The Ramon Magsaysay Award is often considered Asia's Nobel...

 for Government Services, and was conferred the Order of Sikatuna
Order of Sikatuna
The Order of Sikatuna is the national order of diplomatic merit of the Republic of the Philippines. It is conferred upon individuals who have rendered exceptional and meritorious services to the Republic of the Philippines, upon diplomats, officials and nationals of foreign states who have rendered...

 by the Philippine Government
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...

. Following his retirement from politics, in 1985 Goh was awarded the Darjah Utama Temasek (Order of Temasek), First Class, Singapore's highest civilian honour. He was also made the first Distinguished Fellow of the Economic Development Board Society in 1991.

Early years, education and career

Goh Keng Swee was born in Malacca
Malacca
Malacca , dubbed The Historic State or Negeri Bersejarah among locals) is the third smallest Malaysian state, after Perlis and Penang. It is located in the southern region of the Malay Peninsula, on the Straits of Malacca. It borders Negeri Sembilan to the north and the state of Johor to the south...

 in the Straits Settlements
Straits Settlements
The Straits Settlements were a group of British territories located in Southeast Asia.Originally established in 1826 as part of the territories controlled by the British East India Company, the Straits Settlements came under direct British control as a crown colony on 1 April 1867...

 on 6 October 1918 into a middle-income Peranakan
Peranakan
Peranakan Chinese and Baba-Nyonya are terms used for the descendants of late 15th and 16th-century Chinese immigrants to the Indonesian archipelago of Nusantara during the Colonial era....

 family, the fifth of six children. His father Goh Leng Inn was a manager of a rubber plantation, while his mother Tan Swee Eng was from the family that produced the Malaysian politicians Tun Tan Cheng Lock
Tan Cheng Lock
Tun Dato Sri Sir Cheng-lock Tan, DPMJ, KBE was a Malaysian Chinese businessman and a key public figure who devoted his life to fighting for the rights and the social welfare of the Chinese community in Malaya...

 and his son Tun Tan Siew Sin
Tan Siew Sin
Tun Tan Siew Sin was Malaya's first Minister of Commerce and Industry, Finance Minister for 15 years, and president of the Malayan Chinese Association .-Early life:...

, who would later become Goh's lifelong political opponent.

Goh was given the Christian name Robert, which he disliked and refused to respond to. When he was two years old, his family moved from Malacca to Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 where his maternal grandparents owned several properties. The Gohs later relocated to the Pasir Panjang
Pasir Panjang
Pasir Panjang is an area in the south-western part of Singapore. It is located at the southern part of the Queenstown Planning Area, an urban planning zone under the Urban Redevelopment Authority. Kent Ridge is a topographical feature which runs through Pasir Panjang.-Etymology:The name Pasir...

 rubber estate when his father found work there, and became manager in 1933. In common with many Peranakan families, the Gohs spoke both English and Malay
Malay language
Malay is a major language of the Austronesian family. It is the official language of Malaysia , Indonesia , Brunei and Singapore...

 at home; church services were held at home on Sundays in Malay.

After studying at the Anglo-Chinese Primary School
Anglo-Chinese School (Primary)
Anglo-Chinese School in Singapore, is the original primary school of the [ACS] family, located at the Barker Road campus adjacent to the ACS block. It opened in 1887 with the secondary school at Coleman Street, moving to a newly upgraded Coleman Street campus in 1961, leaving the Barker Road...

 and the Anglo-Chinese Secondary School
Anglo-Chinese School
The Anglo-Chinese School ; is a family of Methodist schools in Singapore, and Indonesia.The name is usually abbreviated as "ACS", with the junior college as "ACJC", and its students and alumni referred to as "ACSians" , or "ACS boys" .ACS was the first school...

 between 1927 and 1936 where he was second in his class in the Senior Cambridge Examinations
Senior Cambridge
The Senior Cambridge examinations were General Certificate of Education examinations held in Pakistan, Malaysia, Singapore, India, and Jamaica. They were preceded by the Junior Cambridge and Preliminary Cambridge examinations.-India:...

, Goh went on to graduate from Raffles College in 1939 with a Class II Diploma in Arts with a special distinction in economics. He then joined the colonial Civil Service as a tax collector with the War Tax Department but, according to his superiors, was not very good at his job and was almost fired. Shortly after the start of World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

, he joined the Singapore Volunteer Corps
Singapore Volunteer Corps
The Singapore Volunteer Corps was a militia unit established in 1854 as the Singapore Volunteer Rifle Corps. The Corps underwent several reorganisations and was known by various names through its history...

, a local militia, but returned to his previous work after the fall of Singapore
Battle of Singapore
The Battle of Singapore was fought in the South-East Asian theatre of the Second World War when the Empire of Japan invaded the Allied stronghold of Singapore. Singapore was the major British military base in Southeast Asia and nicknamed the "Gibraltar of the East"...

. Goh married Alice Woon, a secretary who was a colleague, in 1942 and they had their only child, Goh Kian Chee, two years later. In 1945 he relocated his young family to Malacca, but they returned to Singapore the following year after the Japanese occupation
Japanese Occupation of Singapore
The Japanese occupation of Singapore in World War II occurred between about 1942 and 1945 after the fall of Singapore on 15 February 1942. Military forces of the Empire of Japan occupied Singapore after defeating the combined Australian, British, Indian and Malayan garrison in the Battle of Singapore...

 ended. That year, he joined the Department of Social Welfare, and was active in post-war administration. He became supervisor of the Department's Research Section six months later.
Goh won a scholarship which enabled him to further his studies at the London School of Economics and Political Science
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

 (LSE). During his time in London, Goh met fellow students seeking independence for British Malaya
British Malaya
British Malaya loosely described a set of states on the Malay Peninsula and the Island of Singapore that were brought under British control between the 18th and the 20th centuries...

, including Abdul Razak (later Malaysia's second Prime Minister
Prime Minister of Malaysia
The Prime Minister of Malaysia is the indirectly elected head of government of Malaysia. He is officially appointed by the Yang di-Pertuan Agong, the head of state, who in HM's judgment is likely to command the confidence of the majority of the members of that House of Representatives , the...

), Maurice Baker (subsequently Singapore's High Commissioner
High Commissioner (Commonwealth)
In the Commonwealth of Nations, a High Commissioner is the senior diplomat in charge of the diplomatic mission of one Commonwealth government to another.-History:...

 to Malaysia), Lee Kuan Yew
Lee Kuan Yew
Lee Kuan Yew, GCMG, CH is a Singaporean statesman. He was the first Prime Minister of the Republic of Singapore, governing for three decades...

 and Toh Chin Chye
Toh Chin Chye
Toh Chin Chye is a prominent first generation political leader in Singapore. He completed his Secondary education in St. George's Institution and continued his studies at Raffles College and the University of London. Subsequently, Toh received his PhD at the National Institute for Medical...

. A student discussion group, the Malayan Forum, was organized in 1948 with Goh as the founding chairman. Goh graduated with first class honours in economics in 1951, and won the William Farr Prize
William Farr
William Farr was a nineteenth-century British epidemiologist, regarded as one of the founders of medical statistics.-Early life:He was born in Kenley, Shropshire, England to poor parents...

 for achieving the highest marks in statistics
Statistics
Statistics is the study of the collection, organization, analysis, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments....

. Upon his return to the Department of Social Welfare, he was appointed assistant secretary of its Research Section. In 1952, together with fellow civil servant Kenneth M. Byrne, he formed the Council of Joint Action to lobby against salary and promotion policies that favoured Caucasians over Asians. Byrne later became self-governing Singapore
Self-governance of Singapore
The self-governance of Singapore was carried out in several stages. After the British joined Singapore once more and started, without much success, dealing with post war problems, Singapore already was not happy with the British as their leaders. Since Singapore's founding in 1819, Singapore had...

's first Minister for Labour and Minister for Law.

In 1954, Goh was able to return to LSE for doctoral studies with the help of a University of London
University of London
-20th century:Shortly after 6 Burlington Gardens was vacated, the University went through a period of rapid expansion. Bedford College, Royal Holloway and the London School of Economics all joined in 1900, Regent's Park College, which had affiliated in 1841 became an official divinity school of the...

 scholarship. He completed his Ph.D.
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...

 in Economics in 1956, and returned to the Department of Social Welfare, where he served as Assistant Director and then Director. In 1958 he was made Director of the Social and Economic Research Division in the Chief Minister's Office
Chief Minister of Singapore
The Chief Minister of the state of Singapore was the head of government of the State of Singapore until its abolition on 3 June 1959.-List of Chief Ministers:...

. He resigned from the civil service in August that year to work full-time for the People's Action Party
People's Action Party
The People's Action Party is the leading political party in Singapore. It has been the city-state's ruling political party since 1959....

 (PAP).

Political career

Goh was a key member of the PAP's Central Executive Committee, and later became its vice-chairman. Goh successfully contested the Kreta Ayer seat in the 1959 general election, was elected to the Legislative Assembly
Legislative Assembly of Singapore
The Legislative Assembly of Singapore was the legislature of the government of Singapore from 1955 to 1965 and the predecessor of the Parliament of Singapore. The Rendel Constitution, proposed in 1953, sought to give the local population more self-governance as the Merdeka independence movement grew...

 on 30 May, and joined the first government
Government of Singapore
The Government of Singapore is defined by the Constitution of the Republic of Singapore to mean the Executive branch of government, which is made up of the President and the Cabinet of Singapore. Although the President acts in his personal discretion in the exercise of certain functions as a check...

 of Prime Minister
Prime Minister of Singapore
The Prime Minister of the Republic of Singapore is the head of the government of the Republic of Singapore. The President of Singapore appoints as Prime Minister a Member of Parliament who, in his opinion, is most likely to command the confidence of a majority of MPs.The office of Prime Minister...

 Lee Kuan Yew
Lee Kuan Yew
Lee Kuan Yew, GCMG, CH is a Singaporean statesman. He was the first Prime Minister of the Republic of Singapore, governing for three decades...

 as Minister for Finance
Ministry of Finance (Singapore)
The Ministry of Finance , is a ministry of the Government of Singapore responsible for administering and regulating financial institutions and structures of the economy of Singapore. It is headed by the Minister for Finance...

. In this role, he assumed stewardship of Singapore's economy
Economy of Singapore
Singapore has a highly developed state capitalist mixed economy; the state owns stakes in firms that comprise perhaps 60% of the GDP through entities such as the sovereign wealth fund Temasek...

. As a budget deficit of S$
Singapore dollar
The Singapore dollar or Dollar is the official currency of Singapore. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies...

14 million was forecast that year, he introduced stringent fiscal discipline which including cutting civil service salaries. As a result of these measures, he was able to announce at the end of the year when delivering the budget that the Government had achieved a surplus of $1 million. He initiated the setting up of the Economic Development Board
Economic Development Board
-Overview:The Economic Development Board is a statutory board of the Government of Singapore that plans and executes strategies to sustain Singapore as a leading global hub for business and investment....

 which was established in August 1961 to attract foreign multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...

s to invest in Singapore. The next year, he started the development of the Jurong
Jurong
Jurong is the largest town in the western part of Singapore, consisting of 11 residential precincts, 14 industrial districts, 1 military zone and 1 Waterfront district. It resembles Woodlands, the largest town in the northern part of Singapore, which is smaller in size, has smaller industrial area...

 industrial estate on the western end of the island which was then a swamp, offering incentives to local and foreign business to locate there. According to former Permanent Secretary
Permanent Secretary
The Permanent secretary, in most departments officially titled the permanent under-secretary of state , is the most senior civil servant of a British Government ministry, charged with running the department on a day-to-day basis...

 Sim Kee Boon
Sim Kee Boon
Sim Kee Boon was one of Singapore's pioneer civil servants - men who worked closely with the Old Guard political leaders and played a key role in the success of Changi Airport and turned the fortunes of Keppel Shipyard around....

, Goh admitted that the Jurong project was "an act of faith and he himself jokingly said that this could prove to be Goh's folly". Nonetheless, Goh also felt strongly that "the only way to avoid making mistakes is not to do anything. And that ... will be the ultimate mistake."

In the 1960s, there were great pressures from communist agitators working through Chinese-medium schools and trade unions. Divisions existed within the PAP as well, with a pro-Communist
Communism
Communism is a social, political and economic ideology that aims at the establishment of a classless, moneyless, revolutionary and stateless socialist society structured upon common ownership of the means of production...

 faction working to wrest control of the party from the moderate wing, of which Goh and Lee Kuan Yew were key members. A key source of division was the issue of merger with Malaya to form a new state of Malaysia. Goh and his fellow moderates believed this was a necessary condition for Singapore's economic development because Malaya was a key economic hinterland; merger would also provide an alternate vision against Communism for Singapore's Chinese majority. In July 1961, 16 members of the pro-Communist faction broke away from the PAP to form the Barisan Sosialis
Barisan Sosialis
The Barisan Sosialis is a former Singaporean left-wing political party formed in 1961, by left-wing members of the People's Action Party and led by Dr Lee Siew Choh and Lim Chin Siong.-Formation:...

, and captured control of the main trade unions.

The Singaporean government won approval from Tunku Abdul Rahman
Tunku Abdul Rahman
Tunku Abdul Rahman Putra Al-Haj ibni Almarhum Sultan Abdul Hamid Halim Shah, AC, CH was Chief Minister of the Federation of Malaya from 1955, and the country's first Prime Minister from independence in 1957. He remained as the Prime Minister after Sabah, Sarawak, and Singapore joined the...

 for a merger in 1961, with the Tunku being motivated by a desire to stabilize the security situation in Singapore, and notably to neutralize the perceived communist threat. Singapore merged with Malaya and the British Borneo
British Borneo
British Borneo means the two parts of the island of Borneo presently part of the Federation of Malaysia, during the British colonial rule: Labuan and what was called British North Borneo .-Catholic missions:In 1687 Father Ventimiglia, a Theatine, was commissioned by Pope Innocent XI to...

 states in 1963 to form the Federation of Malaysia. Merger, however, proved to be problematic for the Singaporean leaders. There was a clash of fundamental principles, both political and economic, notably on the issue of Malay dominance. Communitarian violence in 1964 was inflamed in Singapore by Malay and Chinese activists. According to Lee Kuan Yew, Goh fought to protect Singapore's interests against the Federal Minister of Finance, his cousin Tan Siew Sin, "who was out to spite Singapore". Goh played a crucial role in orchestrating the subsequent secession of Singapore from the Federation on 9 August 1965. After two difficult years, Lee asked him to negotiate with the Malaysian Deputy Prime Minister Tun Abdul Razak and Minister for External Affairs Tun Dr. Ismail Abdul Rahman
Ismail Abdul Rahman
Tun Dr Ismail Abdul Rahman was a Malaysian politician from the United Malays National Organisation . He held several Malaysian ministerial posts and was appointed as the second Deputy Prime Minister in 1970 by then Prime Minister Tun Abdul Razak. Three years later, Tun Dr Ismail died in office due...

 in July 1965 for Singapore to have a looser arrangement with Malaysia within the Federation. However, following the discussions, Goh decided on his own that it would be better for Malaysia and Singapore to have a clean break. He would later claim this was the "best thing that ever happened to Singapore".
Upon independence in 1965, Goh relinquished his finance portfolio and became Minister for the Interior and Defence until 16 August 1967, assuming responsibilities for strengthening Singapore's military and domestic security capabilities. A key policy was the creation of National Service
National Service in Singapore
Conscription in Singapore, called National Service , requires all male Singaporean citizens and second-generation permanent residents who have reached the age of 18 to enrol in the military...

, a mandatory conscription system for able-bodied young males. He was again Finance Minister between 17 August 1967 and 10 August 1970, during which time he declined to allow the central bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...

 to issue currency, favouring instead a currency board
Currency board
A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target....

 system as this would signal to citizens, academics and the financial world that governments cannot "spend their way to prosperity". Subsequently, in 1981, he expressed the view that the central bank need not hold large amounts of cash in reserve to defend the currency, proposing that the Government of Singapore Investment Corporation
Government of Singapore Investment Corporation
The Government of Singapore Investment Corporation Private Limited is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves...

 (GIC) be established to invest excess reserves. At the time, it was unprecedented for a non-commodity
Commodity
In economics, a commodity is the generic term for any marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services....

-based economy to have such a sovereign wealth fund
Sovereign wealth fund
A sovereign wealth fund is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds invest globally. Some of them have grabbed attention making bad investments in several Wall Street financial...

.

Goh encouraged the establishment of the Institute of Southeast Asian Studies in 1968, and on 11 August 1970 he was reappointed Minister for Defence
Ministry of Defence (Singapore)
The Ministry of Defence is a ministry of the Government of Singapore entrusted with overseeing the national defence needs of the Republic of Singapore. It is the headquarters of the Singapore Armed Forces...

. In 1971, he put together the Electronic Warfare Study Group, a team of newly graduated engineers who had excelled in their university studies which was headed by Dr. Tay Eng Soon
Tay Eng Soon
Dr. Tay Eng Soon was a Singaporean politician. A member of the People's Action Party, he was Senior Minister of State from 1988 until his death in office....

, then a university lecturer. The group worked on Project Magpie, a secret project to develop Singapore's defence technology capabilities. In 1977, the group was renamed the Defence Science Organisation (DSO). Originally part of the Ministry of Defence, in 1997 the organization became a non-profit corporation called DSO National Laboratories.
Goh was also responsible for projects that sought to improve Singaporeans' cultural and leisure life, such as the Jurong Bird Park, the Singapore Zoo
Singapore Zoo
The Singapore Zoo , formerly known as the Singapore Zoological Gardens and commonly known locally as the Mandai Zoo, occupies 28 hectares of land on the margins of Upper Seletar Reservoir within Singapore's heavily forested central catchment area. The zoo was built at a cost of S$9m granted by...

 and the Singapore Symphony Orchestra
Singapore Symphony Orchestra
The Singapore Symphony Orchestra is a 96 members professional symphony orchestra. Its main performing venue is the Esplanade Concert Hall in Singapore although it has also toured widely in Asia, Europe and the United States...

. He backed the construction of the Kreta Ayer People's Theatre in his constituency
Constituencies of Singapore
Constituencies in Singapore are electoral divisions which may be represented by single or multiple seats in the Parliament of Singapore. Constituencies are classified as either single member or group representation constituencies...

 as a venue for Chinese opera
Chinese opera
Chinese opera is a popular form of drama and musical theatre in China with roots going back as far as the third century CE...

 performances. He was also instrumental in introducing rugby
Rugby union
Rugby union, often simply referred to as rugby, is a full contact team sport which originated in England in the early 19th century. One of the two codes of rugby football, it is based on running with the ball in hand...

 in the Singapore Armed Forces
Singapore Armed Forces
The Singapore Armed Forces is the military arm of the Total Defence of the Republic of Singapore; as well as the military component of the Ministry of Defence. The SAF comprises three branches: the Singapore Army, the Republic of Singapore Air Force and the Republic of Singapore Navy...

 and later in schools. In recognition of his role in promoting the sport, the Schools "C" Division Cup is named after him. Impressed by an oceanarium in the Bahamas, he contacted the Sentosa Development Corporation
Sentosa Development Corporation
Sentosa Development Corporation is a statutory board in Singapore, under the purview of the Ministry of Trade and Industry....

 and convinced them to have one. Underwater World Singapore
Underwater World, Singapore
Underwater World , also known as Underwater World Singapore Pte Ltd, is an oceanarium located on the offshore Singaporean island of Sentosa. Opened in 1991, it has more than 2,500 marine animals of 250 species from different regions of the world. The oceanarium is mostly underground and it is owned...

 opened in 1991.

On 1 March 1973, Goh was appointed Deputy Prime Minister of Singapore concurrently with his other Cabinet
Cabinet of Singapore
The Cabinet of Singapore forms the Government of Singapore together with the President of Singapore. It is led by the Prime Minister of Singapore who is the head of government...

 portfolio. On 12 February 1979, Goh moved on from the Defence Ministry to the Ministry of Education
Ministry of Education (Singapore)
The Ministry Of Education is a ministry of the Government of Singapore that directs the formulation and implementation of policies related to education in Singapore.-Statutory boards:...

, where his Goh Report greatly influenced the development of Singapore's education system. He himself was described as both a key political and strategic leader responsible for the transformation of the system over thirty years from "fair" to "great", according to a November 2010 McKinsey report. He set up the Curriculum Development Institute, and introduced key policies such as religious education (subsequently discontinued) and, in 1980, the channelling of students into different programmes of study according to their learning abilities, known as "streaming". Goh served two terms as Education Minister, his first ending on 31 May 1980, and his second following the 1980 general election from 1 June 1981 till his retirement. From 1 June 1980 he was redesignated First Deputy Prime Minister upon S. Rajaratnam being made Second Deputy Prime Minister, and served as Chairman of the Monetary Authority of Singapore
Monetary Authority of Singapore
The Monetary Authority of Singapore is Singapore's central bank and financial regulatory authority...

 (MAS) until he stepped down from Parliament
Parliament of Singapore
The Parliament of the Republic of Singapore and the President jointly make up the legislature of Singapore. Parliament is unicameral and is made up of Members of Parliament who are elected, as well as Non-constituency Members of Parliament and Nominated Members of Parliament who are appointed...

 on 3 December 1984 at the age of 66 years. In a tribute to mark the occasion, Prime Minister Lee Kuan Yew wrote: "A whole generation of Singaporeans take their present standard of living for granted because you had laid the foundations of the economy of modern Singapore."

Later life

After retirement from politics, Goh continued to be active in public life, serving as Deputy Chairman of the Government of Singapore Investment Corporation
Government of Singapore Investment Corporation
The Government of Singapore Investment Corporation Private Limited is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves...

 (1981–1994), Economic Adviser to the State Council of the People's Republic of China
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...

 on coastal development and Adviser on tourism (1985), Deputy Chairman of the MAS (1985 – 31 May 1992), Chairman of the Singapore Totalisator Board (1988–1994), a Director of Gateway Technologies Services Pte. Ltd. (from 1991), adviser to the United Overseas Bank group
United Overseas Bank
United Overseas Bank Limited , abbreviated as UOB is a bank incorporated in Singapore. It was founded 6 August 1935 by Kuching-born Datuk Wee Kheng Chiang, father of the present United Overseas Bank Group Chairman, Mr...

 (from 1 January 1993), Chairman of N.M. Rothschild & Sons (Singapore) Ltd.
N M Rothschild & Sons
N M Rothschild & Sons is a private investment banking company, belonging to the Rothschild family...

 (from 1994), and Vice-Chairman of Hong Leong Asia Ltd.
Hong Leong Group
Hong Leong Group is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Tan Sri Quek Leng Chan, the company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development...

 (from 1995). Between 1983 and 1992, he was Chairman of the Board of Governors of the Institute of East Asian Philosophies, which was originally founded to study Confucianism
Confucianism
Confucianism is a Chinese ethical and philosophical system developed from the teachings of the Chinese philosopher Confucius . Confucianism originated as an "ethical-sociopolitical teaching" during the Spring and Autumn Period, but later developed metaphysical and cosmological elements in the Han...

. The Institute later turned its focus on China's political and economic development, renaming itself the Institute of East Asian Political Economy, and Goh continued as its Executive Chairman and the Chairman of its Board of Governors until 1995. In April 1997, the Institute was reconstituted as the East Asian Institute, an autonomous research organization under the auspices of the National University of Singapore
National University of Singapore
The National University of Singapore is Singapore's oldest university. It is the largest university in the country in terms of student enrollment and curriculum offered....

.

In 1986, Goh separated from his first wife Alice. He married his former Ministry of Education colleague Dr. Phua Swee Liang in 1991. He suffered his first stroke
Stroke
A stroke, previously known medically as a cerebrovascular accident , is the rapidly developing loss of brain function due to disturbance in the blood supply to the brain. This can be due to ischemia caused by blockage , or a hemorrhage...

 in 1999 and another one in 2000 which affected the vision in his right eye. According to Goh's daughter-in-law, Tan Siok Sun, this caused him to withdraw and become extremely quiet. In July 2007 Tan published a biography entitled Goh Keng Swee: A Portrait. Goh's second wife issued a statement claiming that Goh had not been consulted on the book and had indicated to her that he did not want any book to be written about him. "Therefore, the publication of this book is contrary to his wishes, and is a show of disregard and utmost disrespect to him." In an interview with The Straits Times
The Straits Times
The Straits Times is an English language daily broadsheet newspaper based in Singapore currently owned by Singapore Press Holdings . It is the country's highest-selling paper, with a current daily circulation of nearly 400,000...

, Tan said she did not start the dispute between Mrs. Goh and herself, nor did she wish to prolong it.

Goh died in the early morning of 14 May 2010 at the age of 91, leaving behind his wife, his son, two grandchildren and three great-grandchildren. His body lay in state
Lying in state
Lying in state is a term used to describe the tradition in which a coffin is placed on view to allow the public at large to pay their respects to the deceased. It traditionally takes place in the principal government building of a country or city...

 at Parliament House
Parliament House, Singapore
The Parliament House of Singapore is a public building and cultural landmark and houses the Parliament of Singapore. It is located in the Civic District of the Downtown Core within Singapore's central business district . Within its vicinity is Raffles Place, which lies across it from the Singapore...

 from 20 to 22 May, and there was a state funeral
State funeral
A state funeral is a public funeral ceremony, observing the strict rules of protocol, held to honor heads of state or other important people of national significance. State funerals usually include much pomp and ceremony as well as religious overtones and distinctive elements of military tradition...

 on 23 May 2010 at the Singapore Conference Hall
Singapore Conference Hall
Singapore Conference Hall is a multi-purpose building located in the heart of the financial district of Shenton Way in Downtown Core of Singapore. The first building to be constructed along Shenton Way, it was a place for conferences and exhibitions in the 1960s and 1970s...

 followed by a private ceremony for family members at the Mandai Crematorium. As a mark of respect, the State flag
Flag of Singapore
The national flag of Singapore was first adopted in 1959, the year Singapore became self-governing within the British Empire. It was reconfirmed as the national flag when the Republic gained independence on 9 August 1965...

 was flown at half-staff
Half-staff
Half-staff is the American term for to describe a flag flying a flag below the summit of the flagpole . The rest of the English-speaking world uses the term half-mast. Technically the flag should be flown one breadth lower to allow for the invisible flag of death...

 from all Government buildings between 20 and 23 May.

Awards and honours

In 1966, Goh was made an Honorary Fellow of the LSE. In 1972 he was the recipient of the Ramon Magsaysay Award
Ramon Magsaysay Award
The Ramon Magsaysay Award is an annual award established to perpetuate former Philippine President Ramon Magsaysay's example of integrity in government, courageous service to the people, and pragmatic idealism within a democratic society. The Ramon Magsaysay Award is often considered Asia's Nobel...

 for Government Services, which is often regarded as Asia's Nobel Prize
Nobel Prize
The Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895...

. It is awarded to people who have demonstrated integrity in government, courageous service to the people, and pragmatic idealism within a democratic society. The same year, the Philippine Government
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...

 conferred upon him the Order of Sikatuna
Order of Sikatuna
The Order of Sikatuna is the national order of diplomatic merit of the Republic of the Philippines. It is conferred upon individuals who have rendered exceptional and meritorious services to the Republic of the Philippines, upon diplomats, officials and nationals of foreign states who have rendered...

, which is given to diplomats, officials and nationals of foreign states who have rendered conspicuous services in fostering, developing and strengthening relations between their country and the Philippines.

Following his retirement from politics, in 1985 Goh was awarded the Darjah Utama Temasek (Order of Temasek), First Class, Singapore's highest civilian honour. He was also presented with the LSE's Distinguished Alumnus Award on 21 January 1989, and made the first Distinguished Fellow of the Economic Development Board Society in 1991.

At the National Day Rally
National Day Rally
The National Day Rally is an annual address that the Prime Minister of Singapore makes to the entire nation, on the second Sunday after August 9, the country's National Day...

 on 29 August 2010, the Prime Minister Lee Hsien Loong
Lee Hsien Loong
Lee Hsien Loong is the third and current Prime Minister of Singapore. He is married to Ho Ching, who is the Executive Director and Chief Executive Officer of Temasek Holdings. He is the eldest son of Singapore's first Prime Minister Lee Kuan Yew....

 announced that the Singapore Command and Staff College
Singapore Command and Staff College
The Goh Keng Swee Command and Staff College is one of five officer schools of the SAFTI Military Institute of the Singapore Armed Forces . It was formerly the Singapore Command and Staff College but was named after Goh Keng Swee in 2011...

, where senior officers of the Singapore Armed Forces receive training; and a complex to be constructed at the Ministry of Education's North Buona Vista Road headquarters for specialist teacher training academies in English language, physical education, sports and the arts would be respectively named the Goh Keng Swee Command and Staff College and the Goh Keng Swee Centre for Education.

Eulogies at the state funeral

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External links



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