In the 1960s the foreigner companies come here becos of young Labor force and cheap Labor costs.
Then u hv the idea that transfer of knowledge and technologies to Singapore in the hope local Sinkies can copy and steal their businesses, IPs and make own products, like China is doing today.
But this fuckshit PAP are hopeless and are worse Communist party than China CCP. And local Sinkers are stupid shitskins cannot even compete with China.
So in today global biz what hv PAP achieved so far. PAP CAQ is a gambler only. He takes the sovereign funds to gamble the money away. He has no talent to run the country but put money investing in other countries, now going to lose big in ahneh land.
The import of FTs are not for their talents but for rent seeking economy only.
The last 20 years of world economy was stealing workers to yr country for rent seeking economy. The residential property developments, high rise residential buildings, was the driver of the economy.
Got buyers need tenants to live in. So fake degree FTs also take in for rent seeking economy.
Then u hv the relax immigration policy to increase population growth to replace low birth rate in yr country in the last 20 years as another economic growth...