15 Feb '11, 5pm

excerpts fr a 45-pg paper by SDP candidate Tan Jee Say, on the ills of SG's economic model. #sgelections

excerpts fr a 45-pg paper by SDP candidate Tan Jee Say, on the ills of SG's economic model. #sgelections

Singapore’s low labour productivity growth in recent years is a statistical phenomenon and is the result, not the cause, of our poor economic performance. To focus on raising productivity as a key economic strategy, an old and discredited strategy adopted by the government since the early 1980’s, is like putting the cart before the horse – can we expect it to succeed when it has failed to do so in the last 30 years with productivity continuing to be stuck in the lows to this very day in spite of all the high-sounding campaigns by high-level productivity councils? Rather we should focus our minds on economic policy because it is bad economic policy that has resulted in Singapore’s heavy dependence on foreign unskilled and low-skilled workers that in turn pulls down labour productivity.

Full article: http://theonlinecitizen.com/2011/02/whats-wrong-with-the-...

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