When discussing the future economy of Singapore, education might not rank highly in certain circles. In fact, it is absolutely critical. Of all the recommendations of the Committee on the Future Economy, the section on the role played by educational institutions is one of the most important. They have a key part to play in nurturing and fostering a creative and enterprising spirit among Singapore students - to prepare them for an increasingly uncertain world constantly disrupted by rapid technological change.

Singaporeans have to come to grips with the notion that in this brave new world, it is not what they have learnt in school, polytechnic or university that might matter the most in their future jobs. Such education provides a necessary base, but they will need to continuously acquire new knowledge and skills as novel businesses and industries emerge.