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Saturday, February 28, 2009

Will Singapore ever lose its competitiveness?

One friend of mine was talking about Singapore’s children with me today. Her husband is working in Singapore as a lecturer so she actually gets to know Singapore children quite well (thru her husband, of course).

She was commenting that Singapore new generation (those studying in secondary and tertiary schools now)are too spoilt. Yes, Singapore outperformed all ASEAN countries in economy but this is due to the contributions and sacrifices done by the older generations. Those older generations experienced Singapore independence (separated from Malaya). They experienced how hard it was to build a country from scrap. A country with limited land, no resources, nothing. They were poor when they were young so they appreciate what they are enjoying today.

But the new generation takes everything for granted. Singaporean families usually give birth to only 1 or 2 children. So, in most cases, those children are too pampered and spoilt. My friend raised up lots of examples that happened in school that her husband is teaching, including confrontation by parents, etc.

Old generations that are responsible of spurring up the Singapore economy will die one day. MM Lee will also pass away some time in future. And today’s over-pampered and spoilt child will rise to be the national leaders. Where will they lead Singapore to?

I am sceptical that Singapore will ever retain its predominance in economy after some 10 to 20 years.

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