Tag Archives: Andy Mukherjee

REUTERS: THE PERILS OF PLEASE-ALL ECONOMICS

Alternatively, the Government could skimp on investing. The outlay on the city's development budget in the most recent five- year period has jumped by a third. Slowing the pace might be a mistake, however. Pricey real estate would swoon if Singapore loses its urban buzz and stops attracting investors and tourists. That will make Singapore's property- loving citizens less wealthy and more miserable. The trade-offs are difficult. But Singapore has some advantages. For all the grumbling, the majority of Singaporeans are too pragmatic to opt for unbridled welfarism at the next elections, which will take place by 2016. Still, please-all economics is scratching at the door. If it finds a way in, prosperity could be in jeopardy.

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