08 Aug 2004 15:29 UTC
Mr. Goh delivered his final address as Singapore's leader Sunday before handing over power later this week to his deputy, Lee Hsien Loong.
Mr. Goh said the time is right to hand over the controls of government to a new captain and crew. He noted that Singapore's economic growth rate in the first half of 2004 was 10 percent and should be eight to nine percent for the year.
Although Mr. Goh is ending his 14 years as prime minister Thursday, he will serve in his successor's cabinet.
Some information for this report provided by AP and Reuters.
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Outgoing Singapore Prime Minister Goh Chok Tong has encouraged the city-state's new leaders to promote participation in public affairs.
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He told Singapore's citizens they would "love their country more when they feel valued and have the opportunity to shape its future."