By Tarn How Tan
ISBN-10: 9814280623
ISBN-13: 9789814280624
"The Singapore views" sequence is a each year book that offers serious research of rising tendencies and matters Singapore faces by way of social, fiscal and political improvement. it's a fast and crucial reference for figuring out the extensive coverage discussions that animate proposal leaders, policy-makers and the general public within the state through the fast interval or which are more likely to achieve this within the brief and medium time period. during this quantity, participants take an in-depth examine 4 themes of pertinent curiosity to Singapore's mid- to long term destiny and provide a few radical principles for Singaporeans' attention. they're: Can Singaporeans find the money for a High-Cost Singapore; Can Singaporeans stay Rooted; Can Singapore look after Its Hub prestige; and, Can executive Do much less, and Singaporeans extra. members of this name contain, Member of Parliament Inderjit Singh, playwright and legislations educational Eleanor Wong and previous president of the legislations Society of Singapore Philip Jeyaretnam. Co-published via the think-tank, the Institute of coverage stories, Singapore, this can be a helpful booklet for people with an curiosity in realizing the governance demanding situations dealing with a small, hugely globalised financial system and geographical region, or those that desire a speedy believe of the heart beat of Singapore.
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Additional resources for Singapore Perspectives 2009: The Heart of the Matter
Example text
This would have allowed Singapore to keep, and benefit from, its core competencies for a longer period. The government’s approach was to de-incentivise companies from trying to keep many of what the government considered as ‘no-longer-attractive’ capabilities in Singapore so that land and manpower can be freed up for a newer group of industries. 28 Magnetic Resonance Imaging: Alternative Approach Needed for Economy IMPACT OF POPULATION GROWTH As I mentioned earlier, while cost increases are inevitable, the government could have slowed down the rate of increase.
Singapore has successfully used this to move manufacturing and services sectors up the value chain. The second point I would like to make is the high costs or rising costs, which resulted from the above-average GDP growth that Singapore has achieved in the past, is to be expected. Income growth should increase accordingly with rising costs and should be uniform among the various strata of society. The question of affordability also applies to investors in terms of whether Singapore remains cost-competitive for them.
The reason for this is globalisation and having an open economy. This means we are price-takers and increasingly there are two separate labour markets, one for well-paid high-skilled individuals and another for low-skilled individuals, who have to compete with the huge supply of lower-wage workers from developing countries. 35 SINGAPORE PERSPECTIVES 2009 Table 1 High-income households are getting richer and low-income households are getting poorer Average Monthly Per Capita Household Income from Work by Deciles Percentile All Households 2000 Total 2004 2005 1,430 1,570 1,640 Employed Households Avg.
Singapore Perspectives 2009: The Heart of the Matter by Tarn How Tan
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