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How Singapore creates its economic miracles | Globe and Mail

How Singapore creates its economic miracles | Globe and Mail | Povert Assignment(education)_Nigel Leong | Scoop.it

 

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.

 

Click headline to read more--

 


Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc, Annisa Ilham, Devyabharati
Nigel Leong's insight:

Through the last 50 years i can see that singapore's economy has been improving and getting stronger. Even though we lack natural resoursces and have limited land, we still have been consistently growing. However, when big and major countries start to slow down and go into recession i feel that singaore's economy will be in a lot of trouble and there will be many challneges we have to face. i wonder what the government will do if singapore ends up in this state

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Teo J-lyn's curator insight, July 3, 2013 3:13 AM

I see that the economy of Singapore has hetting better but recently, the progress hadbecome slower because of many things that happened which hit hard on our economy.Many countries were affected, including Singapore as our economy relies mainly on exports. Despite this, many big organisations and businesses are willing to set up companies and develop in Singapore. I think that there is still alot that Singapore can do and offer despite the challenges it is facing and the limitations it has.Eventhough things may have been slowing down, Singapore still receives offers. The reason Singapore is slowing down is because since Singapore is such a small country, the amount of natural resources we have here is very limited. Despite the limited and small space, Singapore is not affected as there are still people who wants to work and start businesses here. This shows that Singapore has done a great job making itself known to the world, and has already found a space for itself.

Ameer Artsyrup's curator insight, July 5, 2013 10:44 AM

After reading this article, I found out that Singapore's econmy has boomed since its independence. However this is only due as Singapore has traded with other countries in order to survive. On one end, this sounds great as Singapore is thriving due to this but, on the other end, this is also worrying as this clearly shows that Singapore is dependent on other countries in order to survive. This clearly shows us that Singapore is extremely vulnerable. However after ssingapore survived the SARS, H5N1 and the H1N1 period, I believe that the future of this nation is bright.

Evelynkoh's curator insight, July 5, 2013 11:13 AM

As we all know , Singapore is a young nation which has been rediscovered and rebuilt a few years ago. Singapore may be small and that it doesn't have any nature resources but it's position in the world is what makes it stands out. It started of as a port and has slowly been created to how it is now , a successful country , the country which practices meritocracy which is known worldwide. All of these wouldn't have happened if our forefather's didn't protect and built our country well. This is their results of their hard work. However , as it is , Singapore is a very tiny red dot on the globe and is extremely vulnerable to everything that's happening in the world. However , no matter how many crisis we faced we're still standing as strong as ever because we didn't give up , we singaporeans all have a sense of belonging and we all fought and stood with singapore when it was weak. Nowadays , competition is really getting more and more intense as the days , the hours , the minutes and the seconds past. Its like between everyone and everything , there's a competition going on , no matter big or small , all of us are under intense pressure , trying our very best to be the victor. This is why , i hope that this article which is published would make an impact to all its reader's out there , slapping them in their face that they would definitely have to step up and work together to maintain how everything is now. Once they stop and start turning lazy , everything will just go down and i really don't want to think how it will be then. Thus i hope that since singapore has survived so many major crisis , we would forever be like this , the bright and successful nation which everyone looks up to.

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Case Study: Sri Lanka - Conflict and Harmony in Multi-Ethnic Societies - Resource Guides at National Library, Singapore

Case Study: Sri Lanka - Conflict and Harmony in Multi-Ethnic Societies - Resource Guides at National Library, Singapore | Povert Assignment(education)_Nigel Leong | Scoop.it
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.

Via NeoJiaLing, Chan Loveshislife, Yong Jian
Nigel Leong's insight:

From this article i can see that the tamils and the sinhalease were unhappy living with one another. The tamils used to recieve better treatment than the sinhalease and were given special priviledges. however when sri lanka became independent, the tamils and the sinhalease switched roles, sinhalease became the ones who were given special rights. this casued unrest within the tamils and the tamil tigers were created to fight for the tamils rights. this caused many years of fights and riots. I think that the sinhalease and the tamils should each take a step back and resolve their conflicts peacefully. I wonder how the tamils and sinhalease will be able to live together in the future

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Jaslyn Si Jia's curator insight, July 3, 2013 6:45 AM

After reading this article, i learnt that there is a conflict between the Tamils and Sinhalese, which took place in Sri Lanka and lasted for over more than 100 years. As the Sinhalese have many benefits like, more job offers and further education opportunities, which the Tamils are unhappy about, thus conflicts between the two ethnic groups started.

I feel that the two ethnic groups shouldn't use violence to solve their problems. Its not worth it to get people injured or killed just to have that problem evened out. Both should talk to each other what their are unhappy about and give in to each other.

I wonder why they want to pursue the matter for such a long time.

Ameer Artsyrup's curator insight, July 5, 2013 8:59 AM

After reading this article, I believe that in order for a country to achieve progress, social, economical and political stability, it has to first achieve muti-ethnic harmony. this is true as different races in a country need to work in cohesion in order to benefit both the country and themselves. This can be seen as Singapore has gone through much progress since the racial riots end. However if racial instability has struck a multi-ethnic country, this will create a lot of problems for the country like major riots and civil wars. this will cause the country to fall in economical and political terms. This can be seen in Sri Lanka as it went through civil war which killed more than 100000 people. This war greatly affect Sri Lanka's economy and causes a major political instability in the country. Due to this, I believe that a country multi-ethnic country must achieve racial harmony in order to benefit everyone.

Evelynkoh's curator insight, July 5, 2013 11:23 AM

Peace and harmony , don't everyone want to stay that way forever? Thats why i seriously wonder , why would people want to start wars , destroying their paradise. In every country's road to success , there must be lots and lots of ups and downs , between its neighboring countries and even between their own people. We're all living in the 21st century , why would we still think in that manner that violence will solve everything? It never will , it will just make the matter worse and cause it to affect a larger amount of people and to last for an even longer period of time. The matter may start of small but because of the use of violence , the matter will start to enlarge and then it would not only be in-between the people who started the matter but the whole country. It will then be reflected badly on the race of the people and also the country. Bit by bit everything will start to fall. Therefore , to me i wonder , why would people want to make things that are simple into things that are so complicated that will cause major damages?

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Off and Running: 101-Year-Old Fauja Singh is The World's Oldest Marathon Runner

Off and Running: 101-Year-Old Fauja Singh is The World's Oldest Marathon Runner | Povert Assignment(education)_Nigel Leong | Scoop.it
In 2011, Fauja Singh became the first centenarian to complete a full marathon by finishing the Toronto’s Waterfront Marathon. His dedication, determination and passion for running took him to the pinnacle of success and fame.

Via Amanda Simmons
Nigel Leong's insight:

This article is very inspiring as despite his old age he is able to run a marathon that not many people are able to do. Even though there may be many people mcuh younger and fitter than him, they may not have the discipline and resilience to complete a marathon. This inspires teens like me to cherish the time we have and do what we want to do or accomplish as we may not be as lucky as him to be able to finally pursue his passion at such an old age

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Samantha Chan's curator insight, June 30, 2013 3:36 AM

This is my insight using see-think-wonder thinking routines. Although Fauja Singh is 101 years old, he is very passionate to running and runs marathons again and again. Teenagers and adults do not even like to run several kilometers, yet he is able to run 42km. He is a good role model for everyone and encourages elderly across the world to run and stay fit. He even did not keep the money he earned from running marathons, but donates it to charity.

RuiHan Chia's curator insight, June 30, 2013 9:48 AM

I have never seen or knew any century year old people being a marathon runner. It is just unbelievable. This Indian born British centenarian marathon runner started his first race in 2000 in London and continued participating in New York, Toronto and many others. He has already raised thousands of dollars for charity by running and has encouraged millions of old people across the world. He says, “One should stay young and enjoy life until the last breath.” Although, despite holding several records and reaching the feat of success, his accomplishments have yet not been recognized by Guinness World Records because he does not have a valid birth certificate; though his passport states his age to be 101, which I am quite skeptical about.

Yuddandi Sivasubramanyam's curator insight, November 3, 2013 6:40 PM

every thing is possible with strong determination.

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Philip Falcone, A Classic Rags-To-Riches Story

Philip Falcone, A Classic Rags-To-Riches Story | Povert Assignment(education)_Nigel Leong | Scoop.it

American businessman Philip Falcone is a true rags-to-riches story. Escaping from a tiny poverty-stricken iron-ore mining town in northern Minnesota he went on to founding a New York-based successful private investment firm Harbinger Capital.


Via Amanda Simmons, Annisa Ilham, Devyabharati
Nigel Leong's insight:

From this article i can see that philip has become rich through only one point, hardwork. Philip has definitely went through alot of hardship and suffering to be able to achieve all his accomplishments he has today. i feel that we as students can learn from him and through hard work and resilience we can ace our studies.

 

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Xuan Tay Yu's curator insight, June 28, 2013 4:11 AM

This is a truely amazing story. This man, Philip Falcone, become rich through sheer hardwork and determination. He was born to a very poor family and now he is a billionaire. I think this man has proven the world not to give up easily, and keep pursueing your dreams, and one day your problems will disappear, and your dreams come true. He is a great role model to people who are facing problems that seem impossible to solve. I wonder hoe he found the courage to move on.

Bernice Phua Rui Yi's curator insight, July 2, 2013 11:19 AM

Philip Falcone was born into a poverty striken home in Chisholm, Minnesota. He had a thing for hockey and even recieved a scholarship to Havard to play professionally in Sweden but due to serious knee injury, his career as a hockey player had came to an end. He then moved on and started working as a junior junk-bond trader on Wall Street. It was there he decided to focus on earning money. Since then, with all his hardwork, he is now a billionaire. This tells us that coming from a poor family doesnt mean that you'll be poor for the rest of your life. Hardwork is one of the the soultions to poverty.

Ameer Artsyrup's curator insight, July 3, 2013 9:19 AM

From this article, I get to see that Philip Falcone faced poverty since he was young as he lived in a tiny poor town. However, his luck changed when he decided to leave his town to earn a living in the city.There, he founded a New York-based private investment  firm. From there, he begin to earn a lot of money and made himself rich. From this story, I learn that if we want to change our future to a brighter one, we should do something about it so that we may achieve it. However there is also another factor that will enable us to change our future and that is hardwork. In this article, I infer that Philip had been very hard working and resilient in order to achieve his aspiration as i believe that he went through a lot of hardships in order to be as he is now from his humble beginning. In all, I believe we should follow his footstep in order to achieve our aspirations.

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The Different Types of Prejudice | eHow

The Different Types of Prejudice | eHow | Povert Assignment(education)_Nigel Leong | Scoop.it
Prejudice is a preconceived judgment or opinion that is usually based on limited information about a group or groups of people.

Via Lim Xin Hwee, Tan Qi Shun
Nigel Leong's insight:

From this article i can see that there are still many discriminations in the world today. One of the main problems that exist in the world today are racsm and sexism. There used to be a problem in the past where black were considered inferior to the whites and where women were supposed to just stay at home and were not allowed to work. In school some of our friends who are fat or ugly are discriminated. I eonder when these people will  change their mindset and realise that not everyone is perfect and we should accept people for who they are.

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Jasmine Goh's curator insight, July 2, 2013 1:47 PM

This article describes the different types of prejudice that lead to stereotyping and misjudgments. From this article, I have learnt that prejudice is a preconceived judgment or opinion that is usually based on limited information about a group or groups of people. The most common types of prejudice are those based on race, gender, sexual orientation and disability.
I feel that we should not judge people based on their skin colour or gender as it is unfair and rude to make false comments about them. Everyone should be treated with justice in spite of their race, religion and gender. We all should think twice before making comments or evaluating one's character and personality.
I wonder what good can even come out of making judgments and if there are none, why do people still judge?

Ameer Artsyrup's curator insight, July 5, 2013 7:26 AM

From this article i can infer that there are still many acts of discrimination happening in the world today like racism or gender discrimination. There is also social discrimination happening in schools and even in school places. This does not only happen in our time as in the past many acts of discrimination is practised throught the world.This can be seen as the blacks were socially discriminated in europe centuries due to their skin colour. Women in the past are discriminated as they aren't allowed to study, work or have any form of political power in the past as they are females. Eventhough these acts of discrimanation is actively happening in the past it is also rather saddening that mankind does realise his mistakes and infact still practises discrimmination.For example, in school, some of the students are discrimanted as they fat, ugly and slow in processing knowledge. I sometimes wonder when will people change their and begin accepting these group of people in the society. Thus I believe that we should stop discriminating each other but accept each strength and weakness in order to create a utopian society.

Asha Begum's curator insight, July 6, 5:29 AM

This article talks about the different types of acts of prejudice existing today. Prejudice is judgement people make of others which may not be a truth.

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Breaking the Cycle of Poverty Through Education and Job Training

Breaking the Cycle of Poverty Through Education and Job Training | Povert Assignment(education)_Nigel Leong | Scoop.it
For too long, the national dialogue about college education has been focused on access and affordability.

Via Laurent J.V. Dubois
Nigel Leong's insight:

It is a good thing that the poor are receiving education. These days education is expensive and not everybody is able to afford it. Without proper education, it is difficult to find a good job in the outside world. Luckily the government has started this SRA programme which has helped many children from poor families to receive education. This is a good start to helping the poor.

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Jueniewann SpotOn Sniper's curator insight, February 4, 2013 6:07 AM

well through this article, people have been educated. they might have been taught of the problem of poverty. thus they might be able to play a role in helping the problem. another thing is that through education, they are able to find jobs more easily. they will also be able to feed their own family. so the more people get jobs, the lesser people will turn to poverty. thus through education, the problem of poverty might just be lessen down!

Merci Goh's curator insight, February 4, 2013 8:10 AM

Using the See Think Wonder routine. From this Acticle I can see the Education is link to Poverty. Without Education we will not have the knowledge and without education knowledge we will not have jobs to help us earn money to make a living. People who does not have educations will not have jobs and will not have earning which leads to poverty. Families without Education will not be able to take care of thier children and they will get sick and may lead to death. I wonder why people don't feel thankful for having education, other people who wants education does not even get to have.

Mina Macy Markovic's curator insight, February 24, 2014 5:12 PM

In today's world, a college degree is something that is very important to have in order to have an good and stabled employment. The challenge for the people in poverty is the high expenses for college. This is increasingly beyond the reach for millions of youths and their families in not just to people who are in poverty but to even families who are in middle class economically. I think that this article is interesting as it tells us the problem with the educational system in our current generation, and also telling us the good solution to giving students from a low income family a chance to prove their worth and have a bright future. All this could start in high school by preparing them the best they can in order for the students to attend college.