30 Oct '11, 7pm

Japan versus Singapore: Why our economic direction is unsustainable, by @ngejay

Japan versus Singapore: Why our economic direction is unsustainable October 31, 2011 by admin Filed under: Current Affairs and Politics Written by Ng E-Jay 31 October 2011 Japan and Singapore are a stark contrast, at least in terms of economics. Japan is slow growth economy that has been beset with disinflation, and even outright deflation, for the past two decades. Their economy has hardly grown since the twin bubbles — in both real estate and stocks — burst in 1990. Their GDP growth is pathetic. They have been in and out of recessions for the past twenty years and economic stagnation rules the day. Japan’s culture forbid the widespread import of foreign talent. They are facing a declining population which puts limits on economic growth and stock market performance. Singapore, on the other hand, does not have the same kind of social democracy as Japan. Our political lands...

Full article: http://www.sgpolitics.net/?p=7196

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