Autocracy And Dictatorships Are Hampering Development In Asia

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The Asian Tigers and Japan have enjoyed a remarkable growth streak over the last half a decade that has put them firmly in the league of high-income countries – at least as measured by GDP per capita – a phenomenon bested by only some oil-rich Gulf states.

But in terms of the actual livelihoods of their citizens, have they caught up?

https://international.thenewslens.com/article/88742 (Part 1)

https://international.thenewslens.com/article/89122 (Part 2)

https://international.thenewslens.com/article/89127 (Part 3)

https://international.thenewslens.com/article/89138 (Part 4)

https://international.thenewslens.com/article/89516 (Part 5)

Quoted from part 2:

Inequality, poverty and corporate cultures

“In short, when wages are low and inequality is high, it is because of government inaction, and if wages are to be increased, then the government needs to act or citizens have to badger their government to do so, and hold politicians accountable for not acting on their promises to the citizens and workers, or for having too cosy relationships with big business.

The authors Stijn Claessens, Simeon Djankov and Larry H.P Lang, of the paper, “The separation of ownership and control in East Asian Corporations”, explain: “In most developing East Asian countries, wealth is very concentrated in the hands of few families. Wealth concentration might have negatively affected the evolution of the legal and other institutional frameworks for corporate governance and the manner in which economic activity is conducted.

“It could be a formidable barrier to future policy reform,” they conclude.

Singapore’s case therefore presents a danger to its citizens. Whereas in Norway the state also has a high control of publicly traded firms, there is transparency as to how these firms are managed and the Norwegian government is therefore accountable to its citizens and cannot withhold from them their rights and gains.”

 

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8 Responses to “Autocracy And Dictatorships Are Hampering Development In Asia”

  • HarderTruths:

    Another racist fake news piece targetting Asians.

    The biggest criminals are the British, EU and Americans when it comes to racist money grabbing despotic government policies.

    Of course $G government licks American balls for free.

    This is a world wide issue people. Making it an Asian problem is a racist white man’s way of targetting other colours and cultures and ultimately trying to prove the lie th white man is superior because of their colour.

    Ask them go fiack themselves.

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  • Wrong:

    ““In short, when wages are low and inequality is high, it is because of government inaction.”

    Maybe, in some countries.

    But, in a particular country, it is active government actions that aim for low wage and high inequality.

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  • pap selected INDIAN president:


    Singapore’s case therefore presents a danger to its citizens. Whereas in Norway the state also has a high control of publicly traded firms, there is transparency as to how these firms are managed and the Norwegian government is therefore accountable to its citizens and cannot withhold from them their rights and gains.

    ownself check ownself. where got transparency. so cannot avoid but doom.

    ownself pay ownself S$m. how not to rot? so either kaput or continue to abuse citizens’ CPF so as to maintain facade of financial performance.

    when own BLOOD brother and own BLOOD sister squealed in public abuse of power, horror of horrors, one country two legal systems out in the fore. where got accountability.

    in a truly legal system that is truly accountable where got such thing as can sue peasants such as Mr Roy Ngerng who is telling the TRUTH but cannot sue own blood brother own blood sister who are also telling the truth? in a truly legal system that is truly accountable where got such thing as wayang in parleement to self declare no abuse of power.

    husband chairman gic. wife ceo temasick. Singapore is so lacking in talents that such abuse of power is permitted. what financial talent there is in husband chairman? other than being head of a political party? what management talent there is in wife ceo? other than being wife of head of a political party?

    THIS is why citizens’ CPF must be held long long to accommodate abuse of power over citizens’ CPF. because both husband and wife non the wiser in value of money. look at these pap Ljs and pap Cbs in gic and temascik. look at how they throw a dollar and reap cents. AT citizens’ expense. with no TRANSPARENCY. with no ACCOUNTABILITY.

    70% sheep truly utterly stupid. FOX news commentator said. when a politician becomes rich while in office there is THEFT. he was talking US$12m. when New Government forms, 70% sheep shall be utterly surprised the pap MFs all of them more than US$12m. and this is the TRUTH.

    ++++++++++++++++++++++++++++++++++++++++++++++
    lies. more lies. more statistics. INSIDE 200m then is not within 200m. INDIAN then is malay. WTF.
    ++++++++++++++++++++++++++++++++++++++++++++++

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  • Uniquely Singapore ?:

    Singapore may have evolved a new system of Government: A combination of Democracy and Monarchy called Idiotcracy. This is where every 5 years, idiots in the exercise of Democracy willfully give 70% of their votes to choose a Monarchy who will set out a systematic course of policies to ensure that the elites are rich enough to vote to keep the system that makes a primodial animal out of the weaker rest and vote like amoeba responding to stimuli like fear or greed.

    Where the elites manipulate the Idiots choice of a system of government , this system of Government should be termed as Idiotcracy.

    A near perfect execution of Michaivellian principles resulting in an Aldous Huxley/ Orwellian-esque dystopia that may in future by undone by Artificial Intelligence deployed by the Opposition to wake up the Idiots.

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  • C'est la vie:

    *****
    The ruling PAP party and the majority in SG, in relation to cronyism, nepotism and opacity; will shout out in unison ……….. “no such thing here” !!!
    ***
    *****

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  • oxygen:

    DICTATORSHIP RESIDES ONLY IN THEIR OWN ECHO CHAMBER (one blogger in TRE was spot on in this one) – they stopped listening, stopped thinking and demanding that peasants do likewise as well.

    PRESENT TENSE told BBC journalist – nobody has a monopoly of wisdom and virtue – SPOT ON on this one.

    What PAPpys collectively knows is an ink drop in an OCEAN EXPANSE of knowledge, information and wisdom. By refusing to listen to all independent contrary or disagreement, their decision-making missed out on the wisdom/information and expertise of 99.999999999999% which can superbly uplift their own performance and achievement.

    Now anybody still in the dark of clueless why PAPpys failed us in 52 years of economic mismanagement – including ignoring the advice of Professor Krugman in 1990 (advising PAST TENSE) that our economic model is already flawed of relevance in changing time then?

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  • YouPorn:

    It’s not that many do not want to VTO. THEY DARE NOT.

    How to solve this bottleneck when FEAR has controlled the peasants for 52 years uninterrupted?

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  • Talk Harder Cock Truth:

    At least the Brits, EU and Americans have more none whites and Asian in high and influential positions in their government, military and business, no?

    Even if licking balls, at least Singaporean once gets to be PMETs in the American, EU, British companies and once able to earn good and high paying PMET money, no?

    Otherwise, let’s see some whites and none Asian in ranking and influential positions in the Asian government, military and business!

    Is not about proving the superiority of Whites but rather seems like the Asian wants to be the same for FREE !

    HarderTruths:
    Another racist fake news piece targetting Asians.

    The biggest criminals are the British, EU and Americans when it comes to racist money grabbing despotic government policies.

    Of course $G government licks American balls for free.

    This is a world wide issue people. Making it an Asian problem is a racist white man’s way of targetting other colours and cultures and ultimately trying to prove the lie th white man is superior because of their colour.

    Ask them go fiack themselves.

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