Singapore must change to avert crisis: ESM Goh
He says some policies need overhaul; Govt and people must reinforce trust
Singapore is at a turning point and needs to change to avert a mid-life crisis, Emeritus Senior Minister Goh Chok Tong said yesterday, in a speech that also laid out the constraints ahead and the need for trust between the state and citizens.
Some policies which served Singapore well before need an update or overhaul amid a more competitive global landscape, and the "even greater" domestic challenges of slower economic growth, an ageing population and a younger generation with higher expectations.
A new social compact between the Government and the people needs to be forged, he told guests at a National Day Dinner in his Marine Parade constituency.
"Otherwise, I fear that Singapore will begin to go downhill," he added starkly.