The Dark Shadow Shrine

embrace the darkness; that you may see the light nestled within it......

Friday, February 22, 2013

13% GDP Growth is in 2010

Think I made a mistake during last night's lesson....The spectacular double digit GDP growth of Singapore was in 2010; see HERE. The Gini Coefficient that year is between 0.45-0.47, depending on whether govt subsidies had been factored in; see HERE. It is thus possible to have high economic growth but unequal income distribution; i.e. the benefits of the growth are confined only to the rich and did not filter down to the poor.....

Sample Qn: 'The key criterion for good government is how well the economy is managed.' Is this a fair assessment? (Cambridge 2012)