|Last Updated: Mar 25th, 2013 - 16:46:15
Thought for the Day
Good old practical Singapore. They know what they have to do to boost their economy and they do it.
Dear old humble New Zealand. They don't know what to do and the country sinks another two places down the OECD wealth per capita table.
Singapore is rising up to the top levels of wealth and New Zealand continues with that sinking feeling.
Time for our politicians to learn economics - the Austrian way!
May 3, 2007, 17:32
This Asian Financial Powerhouse Offers an Attractive Gateway to China
It's been almost a half century since the Republic of Singapore gained its independence from Great Britain. In that time, this nation has transformed itself from a largely agrarian economy into a major Asian financial and manufacturing powerhouse. It now rivals Hong Kong as a financial and investment gateway to a booming China.
This article is a great summary of Singapore and how it is becoming so successful as a high wage economy with a wealthy population run pretty much as an enlightened dictatorship. In 2008 the corporate tax rate will be reduced from 20% to 18% in order to be more competitive with Hong Kong.
You may judge how that compares with New Zealand which was an agrarian economy at the time that Singapore gained its independence. It would seem that we are a democracy that is becoming a "low wage" economy. Our economic growth rate compares very unfavourably with that of Singapore.
What are we doing wrong?
Apr 19, 2007, 10:05
Economics versus Politics
What is economics and how does it relate to politics? What is politics and how does it relate to economics?
This article provides food for thought.
Apr 18, 2007, 19:15
Climate Change Provides Rise to Weather Hedge
Western politicians are flooding the world in paper money and at the same time scaring us all with Global Warming.
So how do the money-men react?
Read on and then ask yourself, "Where are our politicians leading us?"
Apr 16, 2007, 18:57