In a survey conducted by Singapore Children's Soceity last year that comprised interviews with > 500 children aged 10 to 12 and their parents, it was noted that reasoning with your children works better than physical punishment.
The survey results which were released to the public 2 days ago also concluded that; to a child, to be told he is not loved is a far worse punishment than being smacked by his parents.
So you might want to question the effectiveness of the 'rod' or cane in this age.
Social workers and educators that advocate the reasoning approach, highlighted that it takes more effort, time and patience to reason with your child as compared to physical punishment or emotional blackmail and threats. Using physical or emotional disciplinary measures are "easy options" but are noted to be less effective, especially to the notorious/naughty children.
There are other aspects to the survey, which I hope to share with you in future posts once I have the full results/findings.