S. Korea; : Growing the economy through innovation and productivity....

[Confuseous]

Yes, a dynamic vibrant world beating S, Korean economy that presently has 2.8% foreigners will increase it to 6% by 2030. By keep its labor force tight, and not yielding to pressure from businesses for cheap foreign labor, S. Korea had been able to build on its first economic miracle to create a 2nd carried by the cultural creativity of Gangnam Style and technological innovation in Samsung's Note II. Singaporeans today are told there is no alternative but to continue with with old policies of growth by importing labor. Our business lobbies, the various chambers of commerce, echo the threats of businesses to leave or close down unless they are given access to foreign labor - the ;last 15 years of pro-business policy of opening the floodgates to foreign labor has made our businesses more dependent on foreign labor. Unless we take bold steps to break out of this vicious cycle now the damage we bring to ourselves will be irreparable.


- http://singaporemind.blogspot.sg/2013/02/s-korea-growing-economy-through.html