atans1

PAP really loves FTs over locals, really they do

In Economy on 04/01/2017 at 6:47 am

Actually to be fair to the PAPpies, Asian countries generally think FT tua kees. I kid you not.

Here’s why.

S’pore slipped five places to 15th in the latest world-talent ranking by Swiss business school IMD it was reported in November

IMD World Talent Ranking 2016

This despit first in “science in schools”, second in “university education” and “educational assessment – PISA” and third in “educational system” and “student mobility inbound”.

S’pore doesn;t grow its own timber

It fell in the overall ranking because it fell behind in investing in and developing homegrown talent, said the report. It emerged only 38th in the sub-ranking for this.

Arturo Bris, the director of the IMD World Competitiveness Centre, was reported by BT as saying: “There’s no doubt that many Asian economies, Singapore arguably chief among them, remain among the very best attractors of talent from abroad.

“There’s no doubt, too, that they’re able to improve their overall competitiveness as a result of the knowledge and experience this foreign talent brings – but this isn’t enough to compensate for the lack of development of local talent, particularly with regard to the paucity of public-sector investment in education.”

In an e-mail to The Business Times, he identified inadequate investment and development of its own talents as one of Singapore’s biggest weaknesses. He noted that Singapore’s spending on education declined from 3.08 per cent of its gross domestic product (GDP) last year to 2.99 per cent this year, which is lower than 55 of the economies in the IMD ranking.

Singapore also did badly in pupil-teacher ratio, ranking 41st for primary education and 35th for secondary education.

Well one Ngiam Tong Dow (Rememember him?) was very local that S’pore had to “grow its own timber” (his words) to move on up the development ladder. Too bad for S’pore the PAP administration isn’t listening.

But now that an ang moh is saying the sae thing, maybe the PAP adinistration will listen.

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