"Singapore’s recent stellar economic performance has not necessarily benefited its people because of the dual economy and unless appropriate action is taken to remedy this, Singapore is headed towards a future when higher GDP figures only serve to justify ministerial salary hikes, GST increases, fees and fare increments whilst giving the ruling party even less reason to address an inevitable growing inequality and a growing cost of living."
Why does Singapore's impressive GDP growth and per capita GDP (PPP) not benefit the average Singaporean? Furry Brown Dog offers his views for the economically minded here.
Here appear occasional jottings of my random musings. Profound or jejune, they reveal the contours of my mental universe, with world history, intellectual history, civilizations, philosophy, religion, society, knowledge, and books as some major themes. Since May 2011, this blog has been exclusively focused on Singapore. All my other reflections are now posted in "Notes from Noosphere" (see link under "Miscellany" on the right margin).
Sunday, April 24, 2011
Dual economy in Singapore: why impressive GDP growth does not trickle down
Posted by Helluo Librorum at 7:03 PM
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