An insightful analysis
Thanks to Ghalib Chowdhury for the insightful analysis of the current state of affairs in Singapore and its economic outlook. Although it seems that the country's commitment to knowledge-based economy is getting noticed only now, the real thrust towards the understanding of new economic reality and preparing for it started about a decade ago, in the mid-nineties.
At that time Singaporean managers and planners could clearly sense what was coming. The government started to pour money into education (the education budget ballooned in the late nineties), began to encourage diversity and creativity in educational and research set-ups, and everybody, at least in the education, management and planning sectors, began thinking about the shifting reality. Some of us, foreign educators and educational planners who were in the country at the time, fondly remember the excitement.
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