If Lee Kuan Yew represented the Singapore of yesteryear, his death this week raises the question of whether the generation of leaders in waiting will reshape the mould that transformed the city-state from a colonial backwater to a haven of prosperity.

While Lee had long retired from active leadership, his son, Prime Minister Lee Hsien Loong, is still the standard-bearer of a free-market model that relied on efficiency, low taxes, zero tolerance for corruption and a distaste for the welfare state.

Like his father, he has continued to curb free speech and use defamation laws to muzzle critics and political opponents.