Read a write up in this week The Edge Singapore titled "A New Growth Formula" as shown below To summarize this article was about Singapore economy is at a crossroads and still relying on the GDP as a measure of progress is no longer adequate. Other yardsticks should be considered to measure the progress. After reading this article, it reminded me of a blog I wrote in 7th Oct 2015 (Singapore Economy -- Looking Ahead). The main point of that post was since 2010 I already felt something was not right in the Singapore economic growth model and what should possibility be done to change it. I gave a very layman description of the Singapore economic model then and it is reproduced as followed. Singapore economic model in layman description is like a football team with speedie wingers, creative playmakers and lethal strikers (export, tourism, manufacturing, GLCs, etc). Upon weak...
