Archive for the ‘Opinion’ Category
The Singapore Way: The city-state redoubles its efforts for state-directed growth
Wall Street Journal, 28 February 2010 Singapore's government took unprecedented actions to shield its economy from the 2008 financial crisis, even tapping its foreign-exchange reserves for the first time in its history. Yet GDP still fell 10% from peak to trough. The experience unfortunately seems to have reinforced policy...
How PAP screws up Singapore’s labor productivity with its “open door” policy to foreign workers
OPINION There is a lot of hype in the media lately about "productivity" which reflects a subtle shift in the PAP's labor policies. What makes the change unusual is that the PAP leaders have been harping on the need for Singapore to continue importing foreign workers during the last few years. As late as January this year, PAP's...
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