14 Feb '12, 7am

An Indictment Of The PAP's Policy By LKY: Singaore Democratic Party: The real problem is that the PAP does not have...

An Indictment Of The PAP's Policy By LKY: Singaore Democratic Party: The real problem is that the PAP does not have...

At an international conference held in Singapore in 2010, former Minister Mentor Lee Kuan Yew made a shocking admission that our GDP growth was based purely on foreign workers. He said, “We've grown in the last five years by just importing labour." (Emphasis added) Did Mr Lee just issue a damning indictment of his Government's economic policy? Never one to mince his words or use them without due care, MM Lee confirmed what Singaporeans had been suspecting all along, that our GDP growth was fueled largely — Mr Lee says exclusively — by a foreign workforce. The sheer volume of foreigners coming onto this island would give any GDP a bump. The tragedy is that growth has neither improved the quality of our economy nor added value to our workforce. Like the empty calories that alcohol provides but with little nutritional value, our dependence on foreign workers boosts the GDP in...

Full article: http://www.yoursdp.org/index.php/news/singapore/5132-an-i...

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