Singapore economic model is almost the same as NZ model and NZ is out of cash soon

[Boonsiong]

Both NZ and SG heavily rely on immigrants and property yo boost up their gdp

This has serious limitation

 

[Boonsiong]

Both Singapore and NZ spend huge proportion of their income on housing

 

[Boonsiong]

Both NZ and SG economics are not innovative

SG relies on unskilled labour from Malaysia, India, China and Bangladesh

 

[ftan42]

Singapore's significant reserves are a carefully managed national asset, safeguarded by the constitution and kept partially undisclosed for national security purposes held in MAS, GIC, and Temasek. The government consistently maintains yearly overall budget surpluses.

 

[Boonsiong]

Singapore's significant reserves are a carefully managed national asset, safeguarded by the constitution and kept partially undisclosed for national security purposes held in MAS, GIC, and Temasek. The government consistently maintains yearly overall budget surpluses.

Nokia and blackberry phones also had huge amount of reserve before they bankrupted

 

[Sustanon]

We have one of the world's highest DEBT TO GDP. Something to worry about.

 

[ftan42]

Singapore remains unconcerned about its high debt-to-GDP ratio due to its zero net debt and robust financial assets. Singapore has no net debt as its assets surpass its liabilities.