The saying goes “the elephant in the room…” when there’s something that needs to be discussed, but it’s so large and obvious and obviously incongruent that no-one can bring themselves to mention it.
Singapore isn’t an elephant, it’s a “red dot” – but nevertheless, I’ve read a couple of articles recently that were obviously relevant to Singapore, and yet this island wasn’t mentioned.
The most recent is this article in the Times about Dubai, and its rise as a financial capital. I’ve mentioned Dubai as a rival to Singapore before, if you’ll pardon the rhyme. Obviously, it sees the need to diversify away from dependence on oil, and is choosing to go down the road of developing as a financial centre. Key quote:
Dubai has another incentive to succeed in what may be a winner-takes-all game to become the Gulf’s financial capital. Unlike Abu Dhabi, Kuwait, Qatar and Saudi Arabia, it has scant reserves of oil and gas. To be assured of success, it must be financially clean, and accept principles of accountability, transparency and regulatory rigour. Its development in the past decade has been extraordinary and proves that the Middle East is not, by definition, a basket case. To continue to be a model for the region and the world, it must continue to invest in integrity.
No natural resources, just people; a reputation for integrity, incorruptibility, and the rule of law. Where have we heard that before..?
So if Singapore now has a rival competing on its own turf, it needs to be making the most of its only resource, namely people. Another article that made me think of this regards China, in The China Vortex: Where’s the Fantasy, Creativity and Imagination In China?I know, it’s just about gaming. Yes, I know it’s about China, not Singapore. I know, Singapore is throwing lots of money at developing its creative industries. And yes, I know, Singapore is also trying to attract world-class industry leaders to set up shop here. And yet, and yet… I’m not convinced yet. I hope it will work, I really do. I know for sure that there are lots of bright and talented young people here… but there are so many obstacles in their way, in the shape of ‘B-Arkers‘, the middle managers who don’t contribute much and can’t see beyond “the way things are done”, who fear change and resist it, who try to stifle anything that changes or challenges the rules… These people exist worldwide, of course, but the type seems firmly entrenched here….
