Entering the 21st century, however, slowing economic growth, an ageing population, global competition, and widening income dispersion have put the Singapore System under strain. This has prompted a significant refresh of social and economic policies over the past 15-20 years.
The COVID-19 pandemic has affected every country around the world in a manner not seen since the Great Financial Crisis of 2008, and is perhaps one of the most transformative events in decades. Most countries and governments have played catch-up to the pandemic, trying to get a handle on case numbers after an explosive increase. But a few places: Taiwan, Singapore, Hong Kong, South Korea, New Zealand, Australia, Vietnam and China appear to have kept the virus largely under control.
If 2020 ends up being remembered as a pivotal year along the lines of 1914, perhaps as the year the 21st century actually began, COVID-19 is likely to be the main cause. Much of what was considered “normal” in everything from everyday life to geopolitics has been swept away. What hasn’t changed, however, is that publishing, like nature, abhors a vacuum: books on the subject have already started to arrive.
A City Mismanaged is policy analysis as blood sport. Leo Goodstadt needs no introduction in Hong Kong circles; those outside might need to know that he was head of the pre-Handover Hong Kong government’s Central Policy Unit from 1989-1997. He has penned a no-holds-barred smackdown of the four post-colonial Hong Kong administrations.
Anyone who wishes to opine on Hong Kong’s perceived troubled present and possibly fraught future would do well to read Richard Wong’s Fixing Inequality in Hong Kong first.
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