The next breakthrough
Many CFE recommendations are focused on developing the capabilities to adapt and upgrade, so that Singapore can be nimble enough to stay ahead.
JUST as a voyager on the ocean must learn to adapt to changes in the wind, the waves and the currents, the Singapore economy must react to new trends in the world.
When the Committee on the Future Economy (CFE) was announced by Prime Minister Lee Hsien Loong at the end of 2015, the global economy was experiencing some turbulence.
The world's major economies were stuck in a period of low growth and facing growing frustration with persistent wealth gaps in the wake of the 2008 global financial crisis.
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