Cringing Tiger….

Alarming article in Time Asia on just how precarious Spore’s economic situation is. Especially disconcerting is the trend, still in its infancy but bound to pick up speed, of multinationals’ sidestepping Singapore and moving their headquarters straight to Shanghai.

The piece also highlights the city-state’s increasing liberalism and an easing up of the oppressive laws that for years characterized it. This is not due to any new-found enlightenment, the article says, but rather is a somewhat desperate move on the government’s part to do absolutely anything and everything it can to attract and keep foreign firms and the jobs and spending that come with them.

Speaking from the front lines, I can safely say that everything it says is true.

The Discussion: No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.