Singapore must pursue diversity for economic gain
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SINGAPORE is a shining star in several indices on business competitiveness, but when it comes specifically to diversity and economic dynamism, perhaps the cheers are politely softer. Rightly so, for the city-state can do more to show itself off as one that embraces differences for its economy's sake.
What is worth cheering then is that, in a speech this week, the Monetary Authority of Singapore (MAS) managing director, Ravi Menon, called for Singapore to seek out an economic dynamism that is grounded by a commitment to inclusivity, and just as importantly, compassion.
The speech, delivered at Institute of Policy Studies conference on Monday, distilled Singapore's economic challenges amid demographic changes.
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