Snowxx,
It is a very complex topic. It is not easy to go into historical
aspect as well of our economic management. There had been so many
policies in terms of restructuring the education system, phasing
out of this or that industry in order to reach a value-adding
economic strategic model based on creating technology
start-ups.
We made many “U” turns on many industries including the ship
repairing or electronic and wafer fab but our leaders are not well
versed in these areas being lawyers and generalists not passionate
in creating innovations within certain new technologies.
So they have failed to make much headway in any of these
restructuring except may be in getting into ship repairing and rig
building which actually were not started by the government but the
result of GLCs taking over some original private sector’s
industries.
You had summed it up well. We are over-relying on foreigners and
foreign investments so heavily as we are not likely to be in the
right direction down as seen in dropping of wages of citizens and
taking over of many jobs by foreigners and draining out of our own
talents sidelined by government due to such widespread mistakes in
treating practical knowledge applications and innovations.
My short answer is we are not likely to create a sustainable
economic competitiveness to keep up or be equal to the first world
like the smaller Swiss or Finland or even Korea which did not
selfishly selling out their own citizens in any economic downturn
with all the hypocrisy and twist and turn to press down the
citizens.
So for a small window of opportunity open to us due to rise of
China and India and general world recovery we hear our leaders
claiming success one more round to make it look like they are the
one who have restructured the economy …
Is what our leaders are doing a sound and sustainable
development capable of moving upwards over time to reach the first
world or is our economy merely taking a ride and temporary ride and
our leaders are claming credit again like before forgetting we need
to achieve much more in terms of practical knowledge application as
a culture of the of the people in order to say they are truly
successful.
Economy, work force, education, skill training and strategic
practical knowledge application in every field are all issues of
nation building which are so intertwined that we cannot
over-simplify them in GDP growth for a few years or
rising incomes of the upper 20% of population to claim success.
yes, very well said. life is hard.
i like your line "which did not selfishly selling out their own
citizens" best. very concise and sharp.
