Rags to riches Fiji Times Rags to riches. Margaret Wise Friday, June 21, 2013. Cool runnings ... Pedro Virgil never forgets his humble beginning as he enjoys life + Enlarge this image. Cool runnings ...
When Gregory Wade left Research In Motion’s Asia Pacific headquarters here last fall, the logical thing to do might have been to pack up his family and head home to his native shore of British Columbia.
Instead, the eight-year expat joined an equity firm and continued preaching the economic miracle of Singapore, coaching Canadian firms looking to set up shop in the region as a vice-president for The Canadian Chamber of Commerce in Singapore.
“You will sense a vibe of growth, of energy, a sense of entrepreneurship and the desire and interest to create new and innovative products and services,” said Mr. Wade, who is now managing director of mobility at InflexionPoint Acquisition Corp. “I didn’t get that same vibe in Canada, regardless of locale.”
For a city-state with no resources, limited land and a small population, creating the explosive growth and development of the past half-century has meant running it like a corporation – using highly trained, highly paid leaders, inviting the world’s best and brightest to its work force with an open-door policy, and with a near-zero tolerance for dissent among the masses.
The result is a planned, modern economy with efficient public services, an educated population and a per-capita share of gross domestic product of more than $60,000 (U.S.), the highest in Southeast Asia. Singapore ranks No. 2 on the World Economic Forum’s global competitiveness rankings.
Today, as Singapore nears the 50th anniversary of its independence, the original economic miracle is slowing. Hit hard by the Asian financial crisis, the dot-com bust, the outbreak of SARS in 2003 and then global recession in 2008, the city-state is at an economic turning point.
After much understanding, I truly appreciate of what Singapore have greatly acheived and for it has become today. But personally, i think our economic 'miracle' is not just a miracle that happened out of the blue moon but rather from our peoples' hardwork and determination in creating the successful country it has become today. This has indeed motivated me to work even harder now, despite Singapore is still growing to become a stronger country of its own, the rate of improvement is sadly slowing down. Reason being, all the challenges and issues Singapore had to face and that the country itself is extremely vulnerable. I admire how Singapore is still so resilient, despite knowing that we depend on other countries for mainly exports, we could crumble anytime if those countries would anytime go on recession. I guess, by avoiding all risks and working hard is what we all should be doing that would help us not just personally but towards a national goal, for which is to be stronger as a country. “The bottom line is, competitiveness cannot be created out of thin air, competitiveness must be based on what you have and who you are,” she said. “You need to figure out what is different about you. There is no generic policy.” This phrases from the article taught me what's the true meaning of competitive whereby I used to think that its just an atmosphere of tense and competitive in races and games and obviously, in competition. Now, I think that competitiveness is everywhere, not just economically but in us individuals as well. One thing that Singapore lacks of pretty badly, is talent. I came to realized that the proportion of foreign talents to local talents in Singapore is much more and I think that we Singaporeans could do a much better job in doing what we do best which not just study but to also focus on what we do best or our personal talents. This way I think that it could help Singapore in many other ways if one fails, there always be a backup as Singapore now are looking hard for people with talents that would benefit Singapore by attracting foreigners to come here to help. “We think talent makes the big difference,” said Dr. Tan of the institute’s scholarship programs to send Singaporeans abroad for study, as well as efforts to attract international researchers. This shows that Singapore is indeed one of the major factors affecting the slowing of the rate of improvement in Singapore.
This LibGuide explores the following themes: 1. causes and effects of conflict in a multi-ethnic society (case studies of Northern Ireland and Sri Lanka and 2. challenges in resolving ethnic conflicts.
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