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“Are we really building the kind of economy that really services the needs of the citizens?,” he asked. He said that an overreliance on multi-national companies (MNCs) had thwarted the development of a homegrown private sector and led to excessive gains from Singapore’s growth leaving the republic’s shores.
“At the end of the day economics…is all about whether you can deliver things to the average guy and make his life meaningful,” he added.
Yeoh refuted criticism that Bhutan’s focus on economic well-being is “romanticised” and impractical for a developed country like Singapore. “Once upon a time in Singapore we had socialised medicine, we had affordable housing, we had an egalitarian education system,” he said. “We had it in Singapore but we lost it in the last twenty years.”
- http://www.publichouse.sg/categorie...-urge-spore-to-redefine-progress-bhutan-style
“At the end of the day economics…is all about whether you can deliver things to the average guy and make his life meaningful,” he added.
Yeoh refuted criticism that Bhutan’s focus on economic well-being is “romanticised” and impractical for a developed country like Singapore. “Once upon a time in Singapore we had socialised medicine, we had affordable housing, we had an egalitarian education system,” he said. “We had it in Singapore but we lost it in the last twenty years.”
- http://www.publichouse.sg/categorie...-urge-spore-to-redefine-progress-bhutan-style