In the 60s, we needed to modernise quickly and give jobs to
Singaporeans, so we invited a lot of MNCs to set up base here. It
was a quick way to learn skills and stand on our own.
Today, past the millenium, we are still doing the same thing but
now we have become cheap hunting ground instead. That explains the
stagflation of lower and middle income classes.
I'm no economic expert but has the PAP become outdated?? They
thought becos they could do it back then, they could do it now. Is
that the case?
I can't help but comment on this in view of PAP's bid to bail
out an American company (Las Vegas Sands) with our money. And also,
reading CSJ's webpage on LVS has given me some insights.
So,do u think how many jobs local companies ,big or small,can
create in a year?
Even G 20 countries also need MNC.I think your main target is
Sands
and high light the valuable input from Chee.
If so,then why dunt u go to the point?
JOBS JOBS JOBS.No job.No talk.
2.what is your ideas,then?
3.Let me show u the results of different strategies of selected
countries,
if they have any!!
Results Results Results
Dunt tell me any empty words or theory.
So,who can we turn to to get any better ideas for growing our
pie?
We are getting not so bad GDP for so many years.
If u count from 1965,the difference is much wider!!
FYI from 1999 to 2005,SG average compound growth rate
,ACGR,is 5.7 %!!
Singapore has been growing at a rate between first and third
world
rates for few decades.Some foreigner academics say we are
first
world but grows at third world growth rate.
Nvm first or third world.Three things:
Jobs Jobs Jobs.U will say our salary is low.
Yes.It look low.i can tell u without MNC and the EDB
or IE Singapore efforts,we will be worse.
Sit down and think for few minutes.
Besides those primary productions,like big farm or cow
rearing,
which industry u cant find in Singapore?
http://www.edb.gov.sg/edb/sg/en_uk/index.html
look at our market share in chips,ship repairs/building etc.
do u know we are No.1 in aircraft MRO(maintenance,repairs and
overhaul)
in the world!!
ST Aero-NO.1 in
Airframe MRO(maintenance,repair & overhaul)
Every job and every tax dollar counts!!
4.Great Ideas
from a Professor in a bailed out country
Professor
Linda Lim of Michigan U,a Singaporean,
recently asked the same question like yours.
She has been staying in USA for few decades.
http://www.fas.nus.edu.sg/ecs/scape/doc/SEPC2008.pdf
http://www.fas.nus.edu.sg/ecs/scape/doc/24Oct08/Linda%20Lim.pdf
Singapore’s Economic Growth Model – Too Much or Too
Little?
by Professor Linda Lim, University of Michigan
Read what she said then we talk.See U!!
subject to verify
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