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be needed in order for the Republic to ride out the global and domestic trends that have rendered her economic policies outdated.
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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.
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