Ref to Jefe's post earlier and my subsequent post. Singaporeans are not as risk averse as some of our neighbours. There are not enough entrepreneurs. So what if we have global well known companies such as SIA, Capital Land, Keppel Corp, SembCorp, Singtel, NOL, ST Eng....but do you realise that all these are GLCs? We have creatives....but honestly, it's not really doing that well is it? In Korea, there is the LG, Samsung and other high tech industries. In Taiwan, there is the Acer, Evergreen Marine, Foxconn, HTC, Asus and heaps of other OEMs which mfg the Apple, Nokia gadgets that you have.

This has got to do with people's mentality and ultimately it is all linked to Kiasu syndrome. We have put in some much effort in our study / eduction that it would be a waste if we don't climb the corprate ladder (unfortunately, I am one of those).