The "OUTDATED" fundamental perspective from the govt
...they continue to posturelate FDI and assume to lower cost
to be competitive rather than moving towards innovative to stay
competitive.
So they continue to find ways to maintain "LOW" wages.
Personnally, there will away a less develop country which cost a
fraction of Singapore.
The govt were contended and arrogant so they squander the
years of positive growth and not able to see far ahead to prepare
how to be innovative. I don;t mean to be creative...but create
solutions for global end users.
Infact todays Singaporean going abroad is a good sign. They are
exposed globally and some will returned to develop solutions that
will address global issued and that will benefit Singapore in the
longer term.
So i question Govt policies of replacing Singaporean with cheap
import is a totally lack of vision and perspective. The cost
of starting all over again is just not worth the investment.
Years of positive growth, so, during that time, no one praise
them, all opposition quiet quiet, and when the year of global
negative growth arrive, which in any economical sense would and
will arrive in a cyclical fashion, you all start to curse and swear
at the govt. Is that fair??
Today we are dealing with a global economy hor, not your
kopitiam economy ya, and there is risk in it, we learnt and
progress, the influx of FDI helps to create job for us, the
fundamental basis of a strong society is that its citizens have
jobs, once that is settle, the country grow and social stability
step in.