Republican Science, Part MCMXXII

[cicobuff]

Still not seeing it. Who are you equating to "the West"?

As someone who is born and bred in Singapore. I find Krugman's analysis SPOT ON.
We have a HUGE controversy in Singapore about our GDP Growth driven by population increases.
After enjoying the benefits of the population dividend of the baby boom in 1960's, the government had been forced to grow GDP by bringing in huge numbers of migrants to this small nation since.

Our population have increased from around 3 million from when the time I was a teen to 5+ million today. That's near doubling of the population in 20 years!

This has cause a huge amount of social issues as well as having infrastructure struggling to support the rapid increases in population.

The government had used population growth (imported at that) to drive GDP growth. Exactly as predicted by Paul Krugman. So you still think you're better than a Nobel Prize winner for Economics?

http://www.straitstimes.com/breaking...-white-paper-2
http://www.straitstimes.com/breaking...happy-20121220
http://undertheangsanatree.blogspot....opulation.html

[Malathor]

As someone who is born and bred in Singapore. I find Krugman's analysis SPOT ON.
We have a HUGE controversy in Singapore about our GDP Growth driven by population increases.
After enjoying the benefits of the population dividend of the baby boom in 1960's, the government had been forced to grow GDP by bringing in huge numbers of migrants to this small nation since.

Our population have increased from around 3 million from when the time I was a teen to 5+ million today. That's near doubling of the population in 20 years!

This has cause a huge amount of social issues as well as having infrastructure struggling to support the rapid increases in population.

The government had used population growth (imported at that) to drive GDP growth. Exactly as predicted by Paul Krugman. So you still think you're better than a Nobel Prize winner for Economics?

http://www.straitstimes.com/breaking...-white-paper-2
http://www.straitstimes.com/breaking...happy-20121220
http://undertheangsanatree.blogspot....opulation.html

If you had bothered to look at them, you would see my links were to per capita GDP.

[cicobuff]

[QUOTE=Malathor;3361402]If you ! understand what Singaporeans are going through instead of hitting reply and posting the first retort that comes from your apparently limited knowledge, you will notice that,

1. Population driven growth is driven by encouraging migration of people that can have higher output than the average to drive GDP figures for per capita calculations.

2. Our average birth rate has been around 2 for quite some time. Meaning all population increases has been migration driven.

3. Even if you believe in Singapore's official figures (which all analysis about Singapore's economy is derived as there cannot be unofficial sources due to our draconian media and information controls), it shows that our real median income had risen extremely slowly.

http://sonofadud.com/stories-from-th...gnant-society/

Another thing I'll like to add. A lot of the "growth" over the past 15 years is driven by finance. Singapore has become a safe haven for rich Chinese and regional tycoons as well as international funds. Hello Cyprus, Iceland anyone?

Our national debt is huge even when our government has been telling us it's running a surplus almost every year! Make you think whether u can trust any of the figures don't it?

[Destarius]

Singapore has declared a no net debt position. I think you need to put up some figures because borrowings isn't the entire picture - it's just one side of the book.

[Starlight]

Make you think whether u can trust any of the figures don't it?

And the CPF has had improbably, almost impossibly low returns which is going to do terrible things to retirement income for those not rich enough to have private schemes.