It is a matter of time before the emperor with no clothes is exposed. Sinkapore doesn't have a long term growth plan. We don't have industries that can create good paying jobs. Instead we have to bottom down wages as our business just don't know how to compete with innovations, branding, marketing etc. And the PAP government is just as clueless.
The low wage game is a dead end one ...there are always going to be countries that can produce cheaper, so is sinkapore going to sink to the wages of African countries?