Yet, Go for Goldilocks growth report states that:
" While resident companies and individuals accounted for roughly two-thirds of GDP in 1998, this share had declined to 54.3 per cent a decade later, in 2008.
Residents contributed slightly more than half of GDP growth in 2004, a figure that dipped to less than a third from 2005 to 2008.
This has led to a growing gap between overall per capita GDP ($53,192) and resident per capita GDP ($38,372), Mr Kit notes, pointing to a 'widening gap between high-productivity foreign economic entities and lower-productivity indigenous SMEs and workers'."
I agree with Mr Kit Wei Zheng from Citigroup: Growth by whom, for whom and to what end?
Working so hard while Singaporeans are not reaping it and making ourselves more unhappy, just doesn't make sense