Thursday, July 20, 2006
Being a guy, who has never studied economics in his life, I wonder about the reason behind attracting foreign companies to start operations in Singapore. Why would we want to have them in our homeland when we know that the bulk of the money they're making will be channeled back to where they come from? Yes, they do create lots of job and do spend some money locally and these does help to keep the economy churning. But I guess probably out of $5b, only $1b or $2b are spent locally, which means we lose $3b? This just seems to me like Africa in the past where all the other powerful countries like France, England, Portugese, US eye on their unmined rich pool of gold.

On further analysis, I conclude that the whole cause for this is due to the fact that we're now already in a really different age, ie globalization. If a company were to set up a factory in Asia, it has better gotta be in Singapore. And probably the bulk of the revenue for this company comes not only from the country it is situated in, but from those in the region as well. Which means, we're not losing this $3b, but instead Asia itself is losing this $3b. We may only need to fork out say $0.5b and hence have a net profit of say $1.5b if we gain $2b. Everything is about imports and exports now... The market is no longer constrained to just Singapore alone, it is Asia in general, or even the entire world!

Yes, when you start a company, it's always wise to do it in a smaller and more familiar environment. But you'd never be really successful if you stay only within these boundaries, at least not for Singapore. If it's the US, then it probably is. Then again, despite this globalization phenomenon, it's still uncharted waters for companies who has never been out at sea before. There are risks and potentially innumerable amounts of work and bumps. Hmm... hence i really admire those who started out with nothing and eventually led their company up to an MNC. Really admirable.

Back to the topic on economics. I think it's a really intriguing and complex subject. It's just so unfarthomable, on how it comes about and evolves. One day I'm really gonna go crack this nut and see its heart. A pity I can't really do much now with all the other mandatory courses i have at hand. *sighz*
posted by Juxling at 2:07 AM

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Maybe God wants us to meet a few wrong people before meeting the right one so that when we finally meet the right person, we will know how to be grateful for that gift

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Happiness lies for those who cry, those who hurt, those who have searched, and those who have tried, for only they can appreciate the importance of people who have touched their lives. Love begins with a smile, grows with a kiss and ends with a tear. The brightest future will always be based on a forgotten past, you can't go on well in life until you let go of your past failures and heartaches.
When you were born, you were crying and everyone around you was smiling. Live your life so that when you die, you're the one who is smiling and everyone around you is crying.