Post-industrial capitalism calls for new economic model for Singapore
A mindset shift will be needed in order for the Republic to ride out the global and domestic trends that have rendered her economic policies outdated.
GLOBAL and domestic trends over the past several years indicate that Singapore's successful half-century of state-driven, export-oriented, multinational-led, manufacturing-focused economic growth has - or is soon to - run its course.
GLOBAL TRENDS
Recent developments reinforce this. The United States is embarked on policies - from tax reform to import tariffs and investment restrictions - that will reduce its international trade and investment.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands