Archive for the ‘Opinions’ Category

An analysis of the UBS study (Part 3): Why Singaporeans are paupers in a first world economy
Until the global financial turmoil in 2008, Singapore has enjoyed 10 years of continuous growth of more than 5% per day. The Singapore government has always used GDP growth as a basis for citizens to appraise its own performance. Even a variable portion of their multi-million salaries is pegged to the GDP. Singapore's GDP figures...

An analysis of the UBS study (Part 2): Moving towards a Russian standard of living and way of life (revisited)
When Mr Goh Chok Tong became the second Prime Minister of Singapore in the 1990s, he promised Singaporeans that we will attain the "Swiss standard of living" within a decade. In 2001, during the National Day Rally, Mr Goh said: "I was also quietly satisfied that we realized our vision of reaching the 1984 Swiss standard of living...
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