The Short Version
The claim is directionally correct but materially overstates its conclusion. Mainstream development scholarship does criticize dependency and neocolonialism theories for underemphasizing internal governance factors, and Singapore's trajectory illustrates this gap. However, the claim treats Malaysia as an equally strong counterexample despite its well-documented governance challenges, asserts outright theoretical "failure" when the evidence supports only partial inadequacy, and ignores academic findings that state-led development can simultaneously challenge and reproduce dependency dynamics.