the changing faces of singapore:one out of two is a foreigners.

The rapid growth in output could be fully explained by rapid growth in inputs:

expansion of employment,
increases in education levels, and,
above all, massive investment in physical capital.

Once those inputs were taken into account, the growth in output was unsurprising--or, to put it differently, the big surprise about Singapore growth was that when closely examined it posed no mystery.

Rapid Singapore economic growth was based entirely on one attribute:

the willingness to save,
to sacrifice current consumption for the sake of future production.

The singapore example offered no hint of a free lunch


36% of population are foreigners,1.84 million out of 5.08 million.

14.3% of Singaporeans are foreigners,540,000 out of 3.77 million Singaporeans.

there is no need to imagine: one of two people in Singapore is a foreigners.

Taking four 1st world countries whose per Capita GDP is way above ours and population is similar to ours, you can see that other 1st world countries don't subscribe to PAP's

"we need foreigners to grow" theory

:

It was simply not possible for the Singapore economies to sustain the rates of growth of labor force participation, average education levels, and above all the physical capital stock that had prevailed in previous years.

singapore growth would predictably slow down, perhaps drastically

Per Capita GDP by IMF (2009)
Rank Country US$
2 Norway 79,085
5 Denmark 56,115
6 Ireland 51,356
12 Finland 44,492
*20 Singapore 37,293

[2008]
Country Population Non-Citizen%
Ireland 4,401,335 12.6%
Norway 4,737,171 5.6%
Finland 5,300,484 2.5%
Denmark 5,475,791 5.5%
*Singapore 4,839,400 34.6% <<<<

Population increase from 08 to 09
Ireland 1.1%
Norway 1.3%
Finland 0.5%
Denmark 0.7%
*Singapore 3.1% <<<<


PAP is discipline in using the same brute force method to stuff the economy with "bodies", thereby defying Krugman's prediction on the growth of Singapore.

Indeed, Krugman commented earlier that Singapore's miracle "turned out to have been based on perspiration rather than inspiration: Singapore grew through a mobilization of resources that would have done Stalin proud."

I think if Stalin had been alive today, PAP would have put him to shame. I'm sure even Stalin could not have foreseen PAP doing better than he could! Stalin would have awarded the PAP the "Order of Lenin"

We could have better well-being by peaking our population at 3 million. We can emulate Switzerland as she tries all her best kicking out foreigner.

Unfortunately, our elites cares only to create misery for Singaporean. It is in fact in their interest the damning Singaporean.