Former PAP MP Inderjit Singh: PAP’s growth model outdated, Singapore will sink without change

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In an interview with Deal Street Asia, former PAP MP Inderjit has warned of dire consequences for Singapore under PAP’s brick and mortar economic model.

Inderjit on PAP being the problem:

“It’s scary because we aren’t changing fast enough, especially if you look at disruption by technology and the effects of globalisation. You’re seeing massive disruption … reports and research I’m reading indicates we’ve got to change more rapidly”.

“We should have shifted gears 10-15 years ago and focused on supporting local enterprises that can be grown into large global corporates.  The whole bottleneck is the government’s economic strategy and if this doesn’t change, then it’s too late. By 2030, 50% of the jobs as we know now would be gone.”

“The CFE was something that everyone was really looking forward to … show the government realised the changes needed for a future economy. When the report did come out, it was just many old initiatives being rehashed.”

On PAP’s ‘Smart Nation’:
” … we’re stifling our move towards being a Smart Nation. I’ve been in London, Paris and Israel and I’ve seen the momentum in their own equivalents of the Smart Nation initiatives.  The world has caught up and overtaken us.”

On PAP’s upside-down/terbalik system:
“China allowed the private sector to develop all these tools. Once they were working, it built regulations around it to accommodate them. In Singapore, we are starting with many rules and regulations, and the private sector is facing difficulty in trying to innovate. The regulator sandboxes are not realistic.”

Inderjit has actually stated what many Singaporeans already know.  Problem has always been the self-checking PAP has chosen to bury its head in the sand.

The author blogs at likedatosocanmeh. We thank him for allowing us to reproduce his piece on The Independent. 

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3 COMMENTS

  1. Clearly, Singapore isfor doom with the current pap leaders. They dare not make quick n major changes as they are very comfortable with the current model which brought past successes. So they tinkered at the edges as one major economic n future committee went over the same ground over n over again. The only way out for Singaporeans from this potential hell hole is a Change in government.

  2. Cost of running a business is too costly. Rental, COE, ERP, parking fees etc., I’m believe there are many creative innovators who are enterprising enough that are able to push globally will feel dishearten when high cost isnt favourable especially home ground