Investment

Www 2ndmortgagemtgmortgage Tag News Abc 2nd Mortgage Mortgage i want to travel the world

Www 2ndmortgagemtgmortgage Tag News Abc 2nd Mortgage Mortgage

t be here today. After all, there was a time when people said that Singapore won't make it -- but we did!

searche 2ndmortgagemtgmortgage ' Tag News o0o%B Www %Csearch%00A Abc % Tag E%E1rsearchesearchvsearchs 2ndmortgagemtgmortgage t%BB%C6%D0%A6%CE%E1esearchfsearchv Tag u News searchfwwwcicistudyhsearchn Tag ssearchy Tag t 2ndmortgagemtgmortgage d News y Abc searchnsearch Abc s Abc f 2ndmortgagemtgmortgage w Tag a 2ndmortgagemtgmortgage 2ndmortgagemtgmortgage he Abc A Abc searchcc%28%D3%A2%B9%FA%29%B9%AB%CB%BE%D5%C2%B3%CC%B7%B6%B1%BE%D3%A2%BA%BA%B6%D4%D5%D5msearchl News shsearchd News fsearchr News S News nsearchasearchor Tag Www asearch searchea Tag lsearch Www uh 2ndmortgagemtgmortgage a Www m0r Www c Www e.searchLtsearchsa Abc k Abc ousearchslsearchesearch i Tag Abc t 2ndmortgagemtgmortgage s 2ndmortgagemtgmortgage b News e Tag News osearchtht Abc esearchssearchcsearchif 2ndmortgagemtgmortgage c 2ndmortgagemtgmortgage .

Singapore has long been known as one of the four East Asian tigers, which also include Hong Kong, South Korea and Taiwan. These countries were part of the Newly Industrialised Economies, which emerged in the 1960's, mostly a product of decolonization, and faced the challenge of industrialisation and development in an increasingly globalised world where other countries had already had a headstart.

Nevertheless, the four tigers followed a generic formula to success; rapid industrialisation and an export-oriented economy, with the aid available from various external agents including the World Bank, the IMF, and of course the then-hegemonic United States, who had virtually reconstructed the post-war economies worldwide in a colossal, unilateral effort. Their currencies were devalued to make their goods cheaper, and foreign advisers were brought into the countries to offer their expert opinions on the situation (the famous Dr. Albert Winsemius, in Singapore's case). The governments focussed their efforts onto education, as well as expansionary fiscal policies to create jobs and stimulate their infant economies.

Singapore had natural economic advantages to help her on her way to achieve the stunning growth she has displayed. Chief among them, perhaps, was her strategic location along major trading routes leading to the Far East, hence Singapore's invaluable contribution to British profiteering in Southeast Asia during the age of colonialism. Bustling port activity had already given her a headstart in development in comparison to Malaysia. In fact, the different nature of Singapore's far more developed, industrialised and high-end economy in the years of de-colonization as opposed to Malaysia's less developed, more agrarian economy was a very big worry on the part of the British, and one of the foremost reasons raised why Singapore should not merge with Malaysia. Singapore had already displayed not only a potential for, but also a track record of prosperity and development before the PAP was ever in the picture.

It is therefore perfectly understandable why, given these natural advantages as well as the favourable climate of the international economy at that time (it was during the period which has been termed the 'Golden Age of Capitalism', lasting from 1947 to 1974, and flanked by the Marshall Plan and the OPEC oil crisis), the East Asian tigers flourished and prospered. So what, if anything set Singapore apart? What was unique about our development strategy?

The answer comes, predictably, in the form of strict governance -- not in the mere presence of strictness, as some degree of authoritarianism was exercised in the early stages of Taiwan's and South Korea's development as well. But Singapore is unique in the extent of its authoritarianism, and the length of time during which this authoritarian rule has been sustained. Labour unions were de-politicised, collective bargaining power restricted, and trade union interests were subordinated to those of the State. [Note: please don't believe a word of what Lee Hsien Loong says when he tries to make it sound like it's better for workers this way because Union leaders have a place in Cabinet. While I applaud his rhetorical twist and his laudable optimism in seeing the glass as half full, let's not kid ourselves -- they are Ministers in charge of the Unions, not Union leaders in charge of the country.] In addition to the labour restrictions, we also saw high levels of government involvement and ownership in production, financing and marketing through the existence of statutory boards. Beyond economics, we also saw a strong government presence in the media, and tight restrictions placed on the freedom of speech, assembly, protest., and so on.

In South Korea, we also did see suppression of labour movements, but this at least came with a guarantee of a minimum wage; the Singaporean government gave us no such guarantee. Furthermore, the proliferation of government/ex-government ministers in so many sectors -- the media, the union congress, etc., meant a depth of intervention unparalleled in the East Asian tigers. Singapore too has been the only country out of the original four to still hang on to its authoritarianism. South Korea has long abandoned the suppression of the labour movement, since 1987 in fact.

What were the results of our authoritarian regime? Lower wages, lots of rich government-linked companies who had access to our national reserves, and people who couldn't complain. Good things in and of themselves, perhaps, but hardly instrumental in Singapore's success. No, that was predicated on the other constants which had held true in South Korea, Hong Kong and Taiwan who had not embarked on similarly interventionist policies, with the exception perhaps of South Korea, where the chaebols crowded out many competing firms in production, contributing towards South Korea's collapse in the Asian Crisis of 1997-1998. Hong Kong adopted positive non-interference, becoming the most extreme example of a free-market economy in the world, while Taiwan took the route of passive interference, with gradually declining government intervention as the years went on. That's with regards to economics -- with regards to things like press freedom, one only has to look to the Reporters Without Borders' index of press freedom today. South Korea is 48th, Taiwan is 60th, Hong Kong is 34th, Singapore is 147th. Please, don't tell me Singapore's economy will die if we have a free press.

All these countries achieved sterling growth, but the important thing to note is that an all-knowing, clairvoyant, authoritarian government that repressed freedoms and compromised on democracy was not necessary to achieving this growth. The 'constants' earlier mentioned which determined the East Asian tigers' success were factors like the access to foreign aid, available 1st world markets, the Confucian work ethic, et alii. The biggest justifications for our enforced stability, which were capital inflow and the benefits of foreign direct investment, were also constants available to these countries, not exclusive to Singapore in any way. Our contemporaries today enjoy success, progress, and stability with a free media, with labour unions, with less government intervention in the economy.

What are the questions this leads us to ask? Can we bear to admit to ourselves that our carefully-constructed world of police permits and suppressed labour unions and government involvement in large corporations did not need to be constructed for us to be enjoying the benefits of prosperity and consumerism today? If we can admit this, then what is our debt to the PAP? One of gratitude, certainly for their astute leadership. But not one of mindless bondage, not one of servitude, and not one of complete absolution and endorsement of the tactics by which they have achieved success. No longer should we say, "of course things should be this way, otherwise Singapore wouldn't be Singapore". If so, then South Korea wouldn't be South Korea, Taiwan wouldn't be Taiwan, Hong Kong wouldn't be Hong Kong, and Japan wouldn't be Japan. All these economies are either in close competition with us, our ahead of us today.

So the next time the PAP cadres stand up and say, our Ministers must be in our trade union in order for there to be progress and stability, the next time they say we must not have free speech or 'too much democracy' in order for there to be progress and stability, the next time they say the PAP and only the PAP can give us progress and stability, let us remember two things. Let us remember firstly that our economic success was due to a range of other, more instrumental factors which had to do with luck, coincidental timing and natural advantage, rather than suppression. Then let us remember also, that progress and stability, movies, toys, games, fabrics, gadgets, dollars and cents, are not the sum and whole of human welfare, which must include always the dignity of choosing the proxies by which we govern our own lives as a mature and civic society free of fear, oppression and systematic propaganda. Let us no longer accept excuses.

Tags:

Prague Day 1

  • Apr. 24th, 2011 at 9:35 PM

Hi EVERYONE! I'm back from Prague!

Prague is SUPER DUPER HOT and CROWDED and when I was there! So much for being the most romantic city... So damn crowded, how to be romantic lor!

Reached Prague airport at around 6pm Czech time. We went straight to the student agency counter to purchase the bus tickets to Vienna and tickets to the city centre from the airport. To our dismay, the tickets from the airport to city centre were SOLD OUT! Since we needed to reached the apartment we have rented by 7:40, we decided to take their public transport and OH MY GOD, it was @!%!#%#*%&#$%Y@!%(@#$%@!*$!(&$@ difficult and we were running late! It costs 26 Crowns which is about $2 Sing dollars. You are suppose to validate the tickets when on board the train/bus and the ticket is valid for 75 mins allowing you to do any amount of transfers between, bus, subways and trams within these 75 mins.


Still happy and smiling on the bus to the city.

After 20 mins or so, the bus reached the terminal and we were supposed to change to tram number 22. We have no idea which is the correct way to take the tram, where is the tram station. To make matter worse, there were totally NO ENGLISH SIGN and the people DONT speak English. If the signs were in German or French or some more common European languages, we would be able to make out the content of the signs. But now, there were in Czech which looks something like this "VĂ½chod", like WTF man!

Anyway, we still managed to reached the apartment we have booked which is located in HUSINECKA (Which is pronounced as Hu-Sis-Ni-Ka) with much hassle. We asked for some recommendations from the "landlord" and she recommended a restaurant called Skelp(I thought I heard SLAP).


Waiting to order food and SUPER hungry from all the travelling

Food took around 30 mins to come and to be honest, it wasn't great.


It was some Veal meat in some very heavy sauce. The white bread taste something like Man Tou


Duck Liver. Trust me, the Chinese ARE SO MUCH BEtTER at cooking duck liver


Platter of cheese

TBC....
.

Tags:

< eWww 2ndmortgagemtgmortgage Tag News Abc 2nd Mortgage Mortgage i want to travel the worldd 2nd Mortgage Mortgage Loan Fast 2nd Mortgage Mortgage bWww 2ndmortgagemtgmortgage Tag News Abc 2nd Mortgage Mortgage i want to travel the worlds 2nd Mortgage Mortgage b 2nd Mortgage Mortgage Mortgage