tag:blogger.com,1999:blog-11702093.post7889558795867499895..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: Economic problems of IrelandTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11702093.post-47869535266685935022009-11-30T08:36:23.139+08:002009-11-30T08:36:23.139+08:00It has already happened to certain extend in our p...It has already happened to certain extend in our pro- financial friendly industry--- thousands innocent investors lost their live savings on toxic financial product.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-91196078926833712572009-11-28T12:53:52.523+08:002009-11-28T12:53:52.523+08:00Yes, I agree with annonymous 1:57am.
Singapore has...Yes, I agree with annonymous 1:57am.<br />Singapore has no buffer and none was provided. Should there be one? Can there be one?<br />We are nestled in a geographic position that is highly strategic.Oil flows through our sea channels and we have built up a large petro-chemical industry.<br />It serves the interest of East Asian economies.<br />Our only opportunity for a buffer was in the 60's when we broke ( or kicked out) with Malaysia. We are now divorced and have resorted to prostitution.<br />It is the only viable route to fast forward our living standards.<br />Now that we are older, we worry about the future and who will take care of us.<br />I do not know what to do or how to deal with this. The people with MBAs,Phds, are suppose to have the brain power.<br />But lately, it seems inadequate. Armed with statistics, numbers and percentages, we have crowded trains. we have asset bubbles.. and soon a over populated island filled with cheap, faster and not so good workers.<br />It seems that this is all a large experiment that is a learning curve for young MBA and Phds... they learn, we curve... or more likely, we bend... till we break.<br />I am in my fifties. In my work, I encounter young executives who will launch new ideas ( with tacit approvals from CEOs who are also in their fifties or more)<br />When I provide feedback that some areas need to be changed because of my experience.. they will inadvertently counter with ..."just try first".. only to realise that I was right... oh! well.. the learning curve..keeps comming up again and again...old mannoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-13264588842004495872009-11-28T10:16:20.059+08:002009-11-28T10:16:20.059+08:00We have super leaders in Singapore.
We pay top do...We have super leaders in Singapore.<br /><br />We pay top dollar for the best available talents from around the world.<br /><br />We are uniquely Singapore.<br /><br />What happened in Ireland and Dubai will never happen to Singapore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-21733027852531237102009-11-28T01:57:56.085+08:002009-11-28T01:57:56.085+08:00Like S'pore, Ireland had embarked on growing &...Like S'pore, Ireland had embarked on growing "high value-add" industries since 1990s, namely financial, biotech & IT.<br /><br />The danger of being too pro-financial industry friendly is that it tends to promote greed and risky behaviour, as can be seen in recent happenings in the financial markets around the world.<br /><br />For places like Ireland, where there is a buffer of countryside living and domestic-oriented industries, hard-hit people can still easily move to smaller cities for lower cost of living, down-grade lifestyle etc.<br /><br />For urbanised, MNC-dependent city states like S'pore, the citizens will be much harder hit with no buffer available. Unless they willing to become farmer in Batam, like a recently come-back ex-bankrupt lawyer who I think was a DPP.<br /><br />Good example of what can happen to S'pore will be Dubai.Anonymousnoreply@blogger.com