Overall, the inescapable conclusion is that Singapore’s halcyon growth days are behind it. That is no adverse reflection on Singapore for it is inevitable for individuals, institutions and sovereigns to grow, to peak and then to decline. What is sad is that many refuse to acknowledge the inescapability of this cycle and try to resist it, making the ultimate denouement more complicated and painful.
Posted on: Tue, 22 Jul 2014 09:46:18 +0000