Breaking out from the cycle of cheap labor and low productivity (Part 2)
Professor Lim has responded to criticism of his "shock therapy" proposal [Link]: "Speaking of free markets, I hope Minister Lee Yi Shyan does not get the cattle market or the fish market mixed up with the labour market, which deals with human beings." - Professor Lim Chong Yah For a population that is fairly literate in economics,...
CBF is better
The shock therapy of Lim Chong Yah is facing immediate resistance. It is flawed in many ways. In the first place it was not a sought after advice. Nobody asks for it. So it looks like a ‘keh khian’ or smart alec type of proposal. The saying in paradise is to be smart but don’t act too smart. And do not give advice...
Wrong for American turned Singaporean to say Yale resolution is wrong
Dear Straits Times, I refer to the 14 Apr 2012 letter by Mr Michael Rebaczonok-Padulo (Yale resolution wrong, says ex-American now Singaporean) [1]. Mr Padulo questioned the correctness of the Yale resolution's concern for Singapore's lack of respect for civil and political rights [2] by pointing to the fact that he has made...
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