Archive for the ‘Abdul Gafoor’ Category
Paradox of Singapore’s Economic Growth: Relatively Higher Average Incomes But Relatively Lower Human Development

Paradox of Singapore’s Economic Growth: Relatively Higher Average Incomes But Relatively Lower Human Development

By Abdul Gafoor, Social Correspondent The recent publication of UNDP’s Human Development Index (HDI) revealed another paradox of Singapore’s economic growth strategy. The HDI ranks countries around the world according to “human development” and this is a common and standard index used by economists all around the world. The... 

Paradox of Singapore Economic Growth: Economy has grown fast, labour income share remains dismally low

Paradox of Singapore Economic Growth: Economy has grown fast, labour income share remains dismally low

By Abdul Gafoor, Social Correspondent A closer look at the share of Singapore’s economic pie that goes to workers as incomes throws up another paradox. Singapore’s economy itself has grown more than 30 times. Despite the fact the country has been working hard with full devotion to continually continue high economic growth... 

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