Tag Archives: Lee Hisen Loong

SINGAPORE’S GROWTH IN A DECADE OF SHOCKS

The intense pressure of globalisation, relocation of factories to China and Asean as well as technological progress have exerted strong downward pressure on wages of the unskilled and semi-skilled workers, while the international arbitrage pressure on the highly skilled workers at the top has pulled up wages at the top end. This is not unique to Singapore. Data from the Organisation for Economic Cooperation and Development indicate that the same phenomenon was observed in the US, Canada, Britain, Germany and Australia, but was much less acute in the Nordic countries like Norway, Sweden, Finland and Denmark.

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DR CATHERINE LIM: I ADMIRE THE PAP GOVERNMENT

I share Singapore Consul-General in Hong Kong Jacky Foo's admiring acknowledgment of the many achievements of the People's Action Party (PAP) Government, especially its skilful handling of global-size problems such as the financial crises of 1997 and 2008 and the Sars epidemic. But I disagree with Mr Foo's argument that since the Government has achieved so much, since it has won every election and finally, since it meets the Edelman Trust Barometer benchmark, it surely has the people's trust.

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