Why Singapore cannot cut down on foreign workers the way other countries have
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Singapore cannot cut down on foreign workers the way some other countries have done because of its small size and lack of natural resources.
what proportion of our labour force is prepared to do a job in this sector?
Singapore cannot shut itself off from globalisation, as it would not be possible for the Republic to survive without trade....even though Singapore can produce some things domestically, it does not have many natural resources and still depends on foreign supply of materials.
So instead of turning away from international trade, the key is for Singapore to position itself as a critical part of the supply chain and leverage its competitive advantages in production, so it will have something to trade even in the worst of times
resilience means diversity and interdependence, it doesn't mean autarky and independence.
Qn: How far should countries aim to be self-sufficient? (Cam. 2011)
Singapore cannot cut down on foreign workers the way some other countries have done because of its small size and lack of natural resources.
what proportion of our labour force is prepared to do a job in this sector?
Singapore cannot shut itself off from globalisation, as it would not be possible for the Republic to survive without trade....even though Singapore can produce some things domestically, it does not have many natural resources and still depends on foreign supply of materials.
So instead of turning away from international trade, the key is for Singapore to position itself as a critical part of the supply chain and leverage its competitive advantages in production, so it will have something to trade even in the worst of times
resilience means diversity and interdependence, it doesn't mean autarky and independence.
Qn: How far should countries aim to be self-sufficient? (Cam. 2011)
posted by Dark Shadow | 3:04 PM
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