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Wednesday, May 14, 2003

Direct From the Singapore Front

News from the other Eddie the one in Singapore . He, like me he isn't convinced by the 'official-speak':

I read people like you because I'm concerned about the situation in Singapore. We are the third oldest Asian country. Our recession has stretched for 3 years. Our govt talks about structural reforms, which essentially consists of FTAs, liberalisation and the like, as solutions to the recession. I dont think they've diagnosed the problem correctly. We're talking about one of the free-est trading nation in the world already. What impact will these policies have? Unemployment is rising, yet the civil service thinks its a good idea to force early retirement. There is a greater sense of insecurity and uncertainty. The optimists say it'll foster the entrepreneur spirit. I'm not so sure. There are lots of mortagages to be paid.

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