Singapore is second most competitive in the world

last SG · 2007-05-10T11:17:10+00:00

It is wrong to say our country has limited reserves. Don't forget, outside of our national savings, there is still the group of GLCs companies which is worth...

Fingolfin_Noldor SG

You.... do know that the Chinese and Japanese hold and are paying for tonnes of US Debt in the form of US Bonds?

And that Gold isn't used as a form of currency anymore?

I think the person who is actually hopelessly ignorant is you yourself. And as usual you are trying to "find fault in the white guy".

oxford mushroom SG

Unfortunately you fail to comprehend simple English. With globalisation, there is free movement of labour and capital both ways. Talented workers move out where the pay is better and those who cannot compete move out to places where their skills are are needed. Investment managers may move to London for the millions they pay and the production line supervisor may have to move to Dubai if they lack such skills. Far from 'lamenting', I welcome it.

oxford mushroom SG

And are you an Opposition mouthpiece.

For your information, the government does not pay me. You have a problem with free speech? Mr. Green

oxford mushroom SG

Insurgents do not need to be 'engaged'. They need to be put down Mr. Green

jay_rocks SG

why don’t i feel tt it is competitive

oxford mushroom SG

If we remain flexible and continuously adapt to the needs of the global economy, we will remain competitive and relevant. To do that, we must be ruthless with our policy to ensure we do what needs to be done for the good of the nation. Biotech is a good bet but never put all your eggs in one basket. With an aging population in the developed West, there will be increasing demand on healthcare. This sector will grow. In addition to that, we should also go into green technology, as the government appears to be doing. If the green lobby in the West gains momentum and the system of carbon trading or personal carbon credit takes off, there will be a demand for green technology.

walesa SG

Referring to point b) and an earlier point of yours suggesting the US is the only country printing USD, what drivel are you trying to drive home, really? The North Korean won too is only printed by the DPRK, the SGD by Singapore. If you could literally print money at your own free will and not affect the rate of inflation by the slightest, which nation in the world wouldn't be printing its own currency excessively? Taking your argument at face value, why shouldn't the US Treasury rubber stamp a policy that allows them to print as much greenbacks as they like just so that they could service their national debt? (for the sake of this argument, let's assess this simply given your limited intellect and overlook the fact a protracted government bond is actually mutually beneficial for both the bond issuer and receiver - in this case, the US government and the investment banks issuing the bonds - as it provides a market for the issuer to profit, which in turn, benefits more than just the receiver)

So what exactly are the factors that curtail the amount of money being printed in circulation? If, for a moment, you're suggesting the greenbacks are actually printed in such a callous manner that it actually doesn't impede anything bar the market demand that warrants its issue, try telling me the value of the USD actually doesn't depreciate with respect to other commodities/currencies which are not pegged to the USD.

If you can't get started on addressing the above, feel free to do some research at the library...

allentyb SG

Rolling Eyes

/me grabbing popcorn watching a flame war

ignore me, i am just here to roll my eyes

soulwinner SG

We must therefore congrats ourselves as well as throw in a celebration... Mr. Green

walesa SG

Refer to your posts.

So are you foolishly self-contradictory or is your English so inept you can't even see the irony of your statement in the above 2 posts?

In the first post, you alluded to the fact that globalisation and market forces will dictate where capable people would go actually depends on the principles of a market economy.

In the latter, you further confirm the believe that globalisation means a "free movement of labour and capital" ( note : we're talking about labour and talents of all sorts here which includes the genuinely talented and what you regard as "cannot make it" ). Yet, you foolishly go on to conclude "We want top talent to return but as for those who cannot make it here, it's better they develop their careers elsewhere". Is globalisation and free market economy simply a matter of "wanting"? If you haven't got the market instruments and forces in place to compete, you simply can't compete. Period. Why would/should any eligible and talented Singaporean who subscribes to the notion of globalisation (which explains his/her departure from these shores in the first place) respond to something that isn't remotely dictated by market forces?

More pertinently, while you alluded to the fact that globalisation means a free movement of labour and capital, you obviously fail to see - or simply remain oblivious to it - that also means if this regime attracts those "who cannot make it", that in truth paints a dire reflection of how inept this regime is at adapting to globalisation. In a global market place where talents are remunerated on the basis of market demand and supply, surely it's no coincidence that this regime's uncanny ability to attract those who "cannot make it" is actually a terrible reflection of how pathetic this regime actually is that it's actually unable to attract more top talent that it wants and instead, ends up with a larger-than-required pool of liability?

So is your English letting your down or are you simply unable to grasp the geist of your argument? Or perhaps, you're obstinately immuned to the fact that this regime has more flaws than your propaganda-inundated mind would permit you to believe?

valentinoo SG

haiya..spore is the first here first there..first in asia..but most importantly u all happy or not? if everyone is happy..its good..otherwise become number 1 also is useless to everyone

allentyb SG

FIGHT! FIGHT! FIGHT!

Twisted Evil

Gazelle SG

This is a classic example of people talking so much but mean nothing. This is just like trying to cover rubbish with rubbish.

I see no point in continuing this conversation with you on bonds etc especially with a person who can tell me that S$ is PEG to US$ and US$ is PEG to GOLD

ShutterBug SG

What's the point, of being so "big" in everything, but leaving behind "dirty footprints" ??

Rolling Eyes

walesa SG

Good that you see you've been espousing rubbish - if nothing, at least my "ancient" and outdated "rubbish" was once pertinent to the practices of the world; unlike your rubbish (yes, the US is the only country in the world that can print the USD and they're free to print money at will - maybe you deserve a Nobel prize in economics for that?) which is utter nonsense and exists only in the confines of your warped mind. I'm indeed amazed you could spot my "outdated" arguments, yet don't see the flaws in your utterly nonsensical arguments.

And since you're so ept at using wikipedia as a foolproof bible to substantiate your case, just let me provide you with a link that further dispels another load of crap you've been churning out that the SGD was never pegged to any currency : http://en.wikipedia.org/wiki/Singapore_dollar

« Previous Page