PM Lee's NDR2013 speech bold and necessary, say analysts
But some feel specific policy shifts are incremental rather than radical
A day after the Prime Minister laid out a new way forward for Singapore, economists and politicians praised the shift for being a bold and necessary move in rebalancing the relationship between the State and the Singaporean.
But while Mr Lee Hsien Loong's National Day Rally (NDR) speech hit the right notes, the specific policy changes he announced drew a mixed reaction.
Some felt they were incremental rather than radical. Others said they were sparse on the numbers and details, leaving them guessing how much of an impact the changes would make and who would foot the bill of say, the new MediShield Life health insurance scheme.
Still, the changes show that the Government recognises the need to adapt its policies to a changing context for Singapore, said senior fellow and economist Donald Low of the Lee Kuan Yew School of Public Policy.