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by rayiner 34 days ago
Cheap foreign labor flocks to Singapore because it's much richer than the countries around it. But that's not how it got rich in the first place. Singapore had a restrictive policy on foreign workers until the 1980s. But by that point its GDP per capita was already almost as high as the UK's: https://emergenteconomics.com/2012/03/12/718/

And insofar as Singapore has such a policy now, the rest of the world should take notes. Creating wealth from poverty within a few generations is miraculous, and the system that achieved that should be emulated.

1 comments

> Creating wealth from poverty within a few generations is miraculous, and the system that achieved that should be emulated.

I'll convey your admiration to my local sinaloa confederate.

If the Sinaloa could turn an impoverished asian country into Singapore, I’d like to hire them and help overthrow the government so they can get to work. If you’re in such a country, everything is secondary to economic growth. GDP per capita growth translates directly into saving the lives of children.