Il court, il court

Il est passé par ici, il repassera par là

Krugman was wrong! February 24, 2011

Filed under: Life In Singapore — ilcourtilcourt @ 14:38

Well, not really, but it only highlights that Singapore groth is mostly achieved with close to zero productivty gains, mainty growth in population (and size incidently).

The paper written 1994 failed to foresee that the PAP will resort to brute force expansion of the workforce and population to keep the economy growing. Never in the Nobel Prize winner’s mind could he imagine that a country would import foreigners in large numbers to maintain high economic growth.

via Diary of A Singaporean Mind: Singapore population crosses 5M….Part 2..


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