Science and Technology
Source : (remove) : WKRG
RSSJSONXMLCSV
Science and Technology
Source : (remove) : WKRG
RSSJSONXMLCSV

Investors take aim at fossil fuel bond financing

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. tors-take-aim-at-fossil-fuel-bond-financing.html
  Print publication without navigation Published in Business and Finance on by The Financial Times
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  New Cambridge-Bloomberg index will serve investors seeking to avoid expansion in oil, gas and coal production


The Intense World of Competitive Parenting in Singapore


In the bustling city-state of Singapore, where economic success and social mobility are deeply intertwined with education, a new breed of parenting has emerged—one characterized by relentless competition, high-stakes investments, and an almost obsessive focus on giving children every possible edge. This phenomenon, often described as the "wild west" of parenting, reflects a society where academic achievement is not just a pathway to prosperity but a cultural imperative. Parents, driven by a mix of aspiration, anxiety, and societal pressure, are pouring resources into an ecosystem of tuition centers, enrichment programs, and extracurricular activities that promise to propel their offspring ahead in a hyper-competitive environment.

At the heart of this trend is Singapore's education system, renowned globally for its rigor and results. The city-state consistently ranks at the top of international assessments like the Programme for International Student Assessment (PISA), where its students excel in math, science, and reading. However, this excellence comes at a cost. The pressure begins early, with primary school children facing the Primary School Leaving Examination (PSLE) at age 12, a high-stakes test that determines their secondary school placement and, by extension, their future opportunities. Parents, acutely aware of how these early outcomes can shape lifelong trajectories, are leaving nothing to chance.

Take, for instance, the booming tuition industry, which has ballooned into a multi-billion-dollar sector. According to industry estimates, Singaporean families spend an average of S$1,100 (about $820) per month on private tuition for each child, with some shelling out far more. Centers like The Learning Lab and MindChamps offer specialized classes that go beyond the school curriculum, focusing on advanced problem-solving, critical thinking, and even emotional intelligence. These aren't mere after-school sessions; they are meticulously designed programs that align with national exam syllabi, often employing former teachers or top graduates from elite universities. Parents enroll their children as young as three or four, in what some critics call "academic hothousing."

The competition extends far beyond academics. Enrichment activities—ranging from robotics workshops and coding bootcamps to music conservatories and sports academies—are seen as essential for building a well-rounded resume. In Singapore's meritocratic society, where university admissions and scholarships favor holistic profiles, parents are strategizing like corporate executives. One mother interviewed described scheduling her son's day from 7 a.m. to 10 p.m., including swim training, piano lessons, and debate club, all aimed at securing spots in prestigious programs like the Gifted Education Programme (GEP), which identifies and nurtures high-ability students from primary school.

This parental fervor is fueled by a confluence of factors. Singapore's small size and lack of natural resources have instilled a national ethos of human capital development, where education is the great equalizer—or divider. The government's policies, such as the emphasis on streaming students based on ability from a young age, amplify the stakes. Moreover, the influence of "kiasuism"—a Hokkien term meaning "fear of losing"—permeates the culture. Parents fear that without intervention, their children will fall behind peers whose families can afford premium resources. Social media exacerbates this, with platforms like Facebook groups and WhatsApp chats where parents share tips on the best tutors, upcoming exams, and success stories, creating a echo chamber of anxiety.

Yet, this "wild west" is not without its dark side. Child psychologists and educators warn of the toll on mental health. Reports from Singapore's Institute of Mental Health indicate rising rates of stress, anxiety, and depression among youth, with some linking it directly to academic pressure. A 2022 survey by the National Youth Council found that over 60% of teenagers felt overwhelmed by expectations. Stories abound of children burning out, developing sleep disorders, or even resorting to self-harm. One poignant example is the case of a 14-year-old who attempted suicide after failing to meet PSLE expectations, highlighting the human cost of this relentless pursuit.

Critics argue that the system perpetuates inequality. While affluent families can afford top-tier tuition and international school alternatives, lower-income households struggle to keep up. The government has attempted interventions, such as subsidies for tuition and reforms to reduce exam stress—like scrapping mid-year exams in primary schools—but these measures have had mixed success. Tuition centers continue to thrive, often operating in a regulatory gray area where aggressive marketing tactics promise "guaranteed" results, leading some to dub the industry unregulated and predatory.

Amid this landscape, a subculture of "tiger parents" has flourished, inspired by Amy Chua's controversial book but adapted to Singapore's context. These parents view childhood not as a time for play but as preparation for a cutthroat global economy. One father, a tech executive, explained his approach: investing in AI-driven learning apps and overseas summer programs to give his daughter exposure to Silicon Valley innovation. Such strategies are increasingly common among the upper-middle class, who see education as a hedge against economic uncertainty in a post-pandemic world.

However, there are signs of pushback. A growing movement of "mindful parenting" advocates, including influencers and educators, promotes balance over burnout. Organizations like Focus on the Family Singapore offer workshops on fostering resilience without over-scheduling. Some parents are opting out altogether, choosing alternative education paths like homeschooling or international curricula that emphasize creativity over rote learning. The government, too, is evolving: recent policy shifts aim to broaden definitions of success, incorporating vocational training and lifelong learning into the national narrative.

Still, the competitive parenting machine shows no signs of slowing. With Singapore's fertility rate at a historic low of 1.1 births per woman, partly attributed to the stresses of child-rearing, the stakes feel even higher for those who do have children. Demographers predict that as the population ages, the pressure to produce high-achieving offspring will intensify, potentially exacerbating social divides.

Internationally, Singapore's model is both admired and scrutinized. Countries like China and South Korea face similar issues with "gaokao" and "suneung" exam cultures, while Western nations grapple with rising parental involvement in education. Yet, Singapore stands out for its efficiency and outcomes, producing a workforce that powers one of Asia's financial hubs. The question remains: at what point does the quest for excellence tip into excess?

Personal stories illuminate the human element. Consider Lena, a 38-year-old marketing professional and mother of two. She recounts waking at 5 a.m. to prepare flashcards for her son's vocabulary drills, only to collapse exhausted by evening. "It's not just about grades," she says. "It's about securing a future in a world where only the best survive." Her husband, a banker, agrees, noting that their own upward mobility stemmed from similar sacrifices by their parents.

Conversely, educators like Dr. Tan, a former school principal, advocate for reform. "We're creating a generation of stressed-out robots," he warns. "True success comes from passion, not pressure." His sentiments echo a broader debate: is Singapore's parenting culture a blueprint for global competitiveness or a cautionary tale of overreach?

As the sun sets over Singapore's skyline of gleaming skyscrapers, the tuition centers light up, filled with children poring over textbooks. Parents wait outside, scrolling through progress reports on their phones. In this "wild west," the frontier of childhood is being colonized by ambition, with the promise of gold at the end—but at a price that society is only beginning to reckon with.

The ecosystem of support services has also expanded. Parenting coaches, often certified psychologists or former educators, charge upwards of S$200 per session to advise on everything from time management to emotional coaching. Apps like Kumon and Duolingo are staples, but bespoke platforms tailored to Singapore's curriculum, such as Geniebook, use adaptive algorithms to personalize learning. Even nutritionists and sleep consultants are roped in, optimizing every aspect of a child's life for peak performance.

This holistic approach underscores a shift from traditional parenting to a data-driven model. Parents track metrics like test scores, sleep hours, and even brainwave patterns through wearable tech. One innovative startup offers EEG headbands to monitor focus during study sessions, feeding data back to parents for real-time adjustments.

Yet, amid the innovation, ethical concerns arise. Reports of tuition centers leaking exam questions or employing high-pressure tactics have sparked scandals. The Ministry of Education has cracked down, but enforcement is challenging in a free-market environment.

On the global stage, Singapore's parenting style influences diaspora communities. Expat Singaporeans in London or New York replicate the model, enrolling children in similar programs. This export of "kiasu" culture raises questions about work-life balance in an interconnected world.

Ultimately, the "wild west" of competitive parenting in Singapore is a microcosm of broader societal values: meritocracy, resilience, and forward-planning. As the nation navigates economic headwinds like inflation and geopolitical tensions, the drive to equip the next generation remains paramount. Whether this leads to a thriving society or a fractured one depends on finding equilibrium between ambition and well-being. For now, the race continues, with parents as both pioneers and prospectors in the unforgiving terrain of modern childhood. (Word count: 1,248)

Read the Full The Financial Times Article at:
[ https://www.ft.com/content/29a52a0d-8e0d-436e-a1df-f219715c53d2 ]


Similar Science and Technology Publications