Thank you,Borom for the report.
Spore is ranked 27 in global HDI (Human Development Index)value.
I seem to recall throuout my years in Singapore,PAP has never failed to trump their fantastic efforts in Spore human capital development,rightly so because that is about the future of our red dot.
So what happens?
The index measures 6 parameters
Life expectancy at birth,
Mean years of schooling,
Expected years of schooling
Gross national income (GNI) per capita,
GNI per capita rank minus HDI rank,
Nonincome HDI value
Haha,UNDP has unwitting unrivaled the secret of pap statistical massaging for so many years.
The secret is in GDP(Gross domestic product) Vs GNP(Domestic national product).
furrybrowndog.wordpress.com/.../putting-singapores-gdp-in-perspective/ August 6, 2010
explained this very clearly
<it is misleading to use GDP per capita when comparing between countries because Singapore only comprises of a single city whereas larger nations have rural areas and smaller towns. A fairer standard of measurement would instead be between cities rather than countries adjusted for purchasing power. This gives rise to the measurement of gross metropolitan product (GMP) per capita , PPP. This measurement compares between cities and towns instead of between countries where the relative poverty of rural inhabitants would distort the measure of GDP per capita. Because PPP involves a routine measurement of a country’s consumer price levels, data is much harder to come by compared to nominal GDP.
The latest data I could find dates back to 2005. Singapore’s GMP per capita PPP when measured against other cities worldwide ranks only at 53rd out of 100 (many other cities above belong to the same country), whilst not a bad showing is far from its spectacular perch of 9th ranking if one considers ranking by country only. This is certainly nothing to crow about.
Lastly, GDP (per capita) suffers from the fatal flaw as a economic indicator because it does not subtract profits earned in Singapore but which is remitted back to foreign shareholders and foreign investors. It also ignores incomes sent back by Singaporean corporations overseas. A more appropriate measure would be gross national product (GNP), which measures national income and profits held by Singaporean firms and residents (citizens + PRs) only. The latest figures for 2009, show that Singapore’s GNP for that year was S$182.536 bn, compared to its GDP of S$265.057bn. In other words, total income and profits for 2009 earned by Singapore residents and firms is only a mere 69% of GDP; the remaining 31% is repatriated overseas.
How does this compare to other countries? Expressing GNP as a proportion of GDP and ranking all the countries worldwide shows that Singapore is ranked only at 32nd place (figures appear to be dated 2007):>
I guess Lee & Lee are very uncomfotable to let thier vocal suppport(voetrs)s to realise the fact that foreigners control at least 40%+ of Singapore wealth,especially to those young soldiers who slog hard for 2 years for the nation!That is very reasonable for them to hide! .
