10 Sep 2004

4 million to 6 or 8 million!

The following is the introduction to an article from Morgan Stanley written by Daniel Lian on September 10, 2004. It is of course not a public government backed announcement just their speculation of the future population size, is it possible and what effect might it have on the market.... However if it in any way relates to the future population size then its going to get damn crowded.

A Bigger Singapore?

A Monumental Population Policy Shift?


On September 3, the Singapore government announced measures to broaden immigration criteria, so as to boost its population. The key criteria shift appears to be on academic qualifications and social integration. The previous emphasis on tertiary or professional qualifications is now balanced by essential/appropriate job skills needed by the Singapore economy, as well as the ability of the immigrants and their families to integrate successfully into Singapore's society. Prior to the shift, Singapore had always preferred to take in well educated (or wealthy, in some cases)
foreigners, so as to enlarge its pool of highly skilled labour.

The announced new measures do not seem to be drastic at first glance. However, we believe Singapore can leverage a much bigger population to help it 'sharpen' its three-pronged economic strategy. While we are not privy to any policy insight, we believe it is quite possible that the country will contemplate a monumental shift in its population policy - one that would substantially increase its population from the present 4 million to perhaps 6 to 8 million over the long term.

For the rest of the article read...
Demographic and Labor Force Snapshots

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