Tag Archives: Singapore

Singapore, do the Conservatives know what they are asking for?

Singapore is often depicted as an authoritarian dictatorship come economic paradise. Conservatives like to fantasise about Singapore, seeing it as the prime example of a small state, low-tax, low-regulation economy that they would like to emulate.

But Singapore’s success has been driven by an idea that is antithetical to the Conservative mind: that the state can be as efficient and effective as the market.

Singapore is not the neoliberal paradise it has been heralded as below are four policy areas we could learn from: –

A sovereign wealth fund to accompany fiscal policy:  the Singaporean state asserts its primacy in the island-state’s economy. Compulsory purchase-orders are common; the state frequently buys private turf for the public good. Singapore has built one of the world’s richest sovereign wealth funds, Temasek, which is accountable to Singapore’s Ministry of Finance. It helps to finance the state’s long-term infrastructure projects and, in many ways, resembles the UK’s Green Investment Bank, which the Conservatives sold off in 2015.  

Posted in Op-eds | 6 Comments

The Singapore Delusion: Why Brexit Will Fail, part 3

In this third part of the series (part one is here, and part two here), Richard looks at the Singapore-on-Thames concept…

Singapore has seen extraordinary levels of growth over the last decades.

Where Western countries have long-term average growth rates in GDP per capita of around 2% a year, Singapore saw nearly a decade of real gdp growth of 12.7% per year from 1965-1973.

Who could not want that, the average citizen seeing their income double every six years, above inflation. Even the worst off would see substantial increases in income, services, wellbeing…

But the idea that a mature economy like the …

Posted in Op-eds | Also tagged | 8 Comments

Out of the haze

You may have seen images in the news of Indonesia with blood red skies and mired in choking smoke, looking more like Mars than on earth.

Runaway forest fires in Indonesia has been a recurring problem, and the cause of the “haze” in Singapore and Malaysia, depending on which way the wind blows. The fires can rage on for days and weeks in the carbon-rich peat forests, and has so far affected an estimated 69 million people in the region. We can’t even begin to count the cost to the wildlife.

Each day in Singapore we look …

Posted in Op-eds | Also tagged and | 8 Comments
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