Message by Ken (SME entrepreneur in Singapore) via FB, 3 June 2012.
If a govt’s role is to be a provider of a platform for businesses to conduct their business activities and at the same time foster entrepreneurship and helping various industries move up the value chain.
But i dont really see that here in SG or just half-hearted attempts that fizzle out after a few years like IT or Life Science.
What really bothers me is that GLCs are competing directly with local SMEs and subsequently monopolizing the relevant industries, even pawn shops are now.
I have read about China decentralizing and privatizing their state entities like the big four banks and airlines but in SG i see how govt through GLCs are consolidating and strengthening their stranglehold on the industries they engage in.
What is your outlook for SG’s economy and youths in the next 15-20 years, given this climate?
I always feel that we are a sprinter and not a marathon runner, and we lost the plot from the very beginning; as early as the 60s and 70s by not enforcing joint ventures with the foreign investors who set up their manufacturing facilities here and then allowing them to relocate in the 90s; while not having learnt anything valuable from them other than gaining a few decades of tax and job opportunities.
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Photo and Text © Alen Cordic and C Cordeiro-Nilsson 2012
Hi Ken,
I can see that we are not focusing on quite the same issues when talking, but I will try to address your question and point of view.
With my post of Paddy Ashdown’s TedsTalk on FB, the point of fascination for me relates to how global processes are right now forcing even academic theories in various fields to come up with more integrated theories in order to explain and understand current phenomena in the field of international business that relates to my work in research.
Your questions and concerns however, seem related more specifically to the role of the State, which in my view, is interesting only to the extent of how that role is currently being defined in relation to other agents of change on the global scene, and then again, back in relation to my field of research.
In other words, the matter of state governance is interesting but not primary to my interest with my posting of Paddy Ashdown’s talk.
When it comes to the governance of Singapore per se, I will need to say that this space is not intended for such debates – my FB page, albeit open to public, remains still a personal space, currently used as a means to keep in contact with my network of family and friends, and I would prefer to keep it as such.
There are however other forums of interest that you can find over the Internet that might prove more interesting and useful for your purpose – the Online Citizen for example is one such forum that you might be interested in joining (?).
But having said that, I could share my point of view on what you wrote and asked above, with regards to the ”Singapore climate”.