SINGAPORE -- Singapore is at risk of undermining the foundation of its economic growth by imposing stricter rules on the hiring of skilled workers from overseas.
The city-state has tightened the criteria that allow companies to hire foreign managers and professionals in response to complaints from Singaporeans that they are losing out in the job market. This has slowed the growth of Singapore's population, the lifeblood of its economic expansion, to near zero. Local companies, for their part, say the new policy has made it difficult for them to hire competent employees.
