Singapore’s stellar growth in the past few decades has seen it hailed as one of the world’s great economic success stories. The People’s Action Party (PAP) has ruled with an iron fist while overseeing the island’s transformation into an international financial center and manufacturing hub, with a per capita gross domestic product higher than the U.S.
However, this growth has been achieved predominantly by adding labor input — importing foreign workers — rather than increasing the underlying productivity of home-grown workers. Foreigners now make up about 38 percent of the total population of 5.3 million. In 1990, that figure was 14 percent, when the total population was around 3 million.
Last year, a government policy paper called for the population to increase a further 30 percent by 2030, to 6.9 million, at which time immigrants would account for nearly half of the island’s population. Thousands of people attended two rare protests against the white paper, holding signs with slogans such as “Singapore for Singaporeans.” Full story
