Recommendations & Download the Paper
We envisage a Singapore plugged into the global economy and supporting many different kinds of businesses, utilising technology and leveraging our own intellectual property that make us uniquely competitive. Such an economy will be a hub for nerve centre, thought leadership, R&D, innovation and growth activities. We imagine a Singapore where workers are highly skilled, very engaged and are passionate about their jobs. At the same time, we envisage a Singapore whose external economy (not just investments, but active operating businesses) is as large as its internal economy. This will enable us to overcome our land and labour constraints and tap on the competitive and comparative advantages of other countries.
Recommended Broad Strategies
The Paper details three broad strategies:
- Assist businesses to transit through this difficult period into the new restructured economy for sustainable growth
Medium to Long Term
- Create an economy that is not constrained by our geographical boundaries
- Develop Singapore as a strong home base for nerve centre, thought leadership, innovation and growth activities