Wanted: Fresh ideas for Singapore economy

Are fundamental changes needed, given rapid changes in business, tech worlds?

The Singapore economy no longer competes on wages, says the writer, adding that the country now has to compete on superior productivity, innovation and organisation - things that cannot be fixed by any quick measure, and certainly not by the Governme
The Singapore economy no longer competes on wages, says the writer, adding that the country now has to compete on superior productivity, innovation and organisation - things that cannot be fixed by any quick measure, and certainly not by the Government. ST PHOTO: KELVIN CHNG
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You could almost hear the collective groan of corporate Singapore when the Prime Minister said at the National Day Rally that things were not doing so badly that the Government needed to act now.

Not too badly?

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A version of this article appeared in the print edition of The Sunday Times on August 25, 2019, with the headline Wanted: Fresh ideas for Singapore economy. Subscribe