14 Feb '13, 12pm

S. Korea; : Growing the economy through innovation and productivity.... #OpPopulation

Singapore' sinmdustrial policies of the 1970s to 2000s were based on EDB's "subsidise MNC model" - give them alot of money and tax breaks and MNCs will come, they boost GDP but brought no permanent knowhows or jobs. Today, we have only memories of failed national champions, (remember Temasek companies like STATs or Chippac?) Why does Singapore not have world beaters like Korea and Taiwan? Why do we resemble HK Aust or UK, totally devoid of innovators and totally reliant on real estate bubbles and finance? One simple reason: all our scholar leaders were educated in the UK, where David Cameron is now going to India to ask for more Indian immigrants to go to London to boost its real estate sector and its GDP. All these scholars achieved puberty when Margaret Thatcher's TINA (There Is No Alternative besides cutting spending, and privatise all state owned companies to their cro...

Full article: http://singaporemind.blogspot.com/2013/02/s-korea-growing...

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