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...
Correcting Minister Shanmugam’s misperception that Singapore is a “stable democracy”
OPINION At the Opening of the seasonal meeting of the New York state bar association International Section, Singapore's Law Minister Mr Shanmugam told the delegates that Singapore's (political) stability can be seen by the billions of dollars invested in Singapore annually by international organizations. "Our main selling point...
Singapore’s missing pillars of democracy (Part 3): Building the most important pillar right now
OPINION As we have seen from Part 2 of the article, Singapore has only one (or rather, half) pillar out of the seven pillars of democracy. Though Singapore conducts elections every five years, it lacks freedom of expression, political tolerance, rule of law and a civil society. Even the elections are far from free and fair. How...
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