Closely matched: UK's & Singapore's economic strategies

A REVOLUTION is underway in the global economy. Digital communications, artificial intelligence, data analytics, robotics all are transforming business and society. Tomorrow's successful economies will be those that embrace today's technological revolution.

2017 has been a year of economic vision and strategy for both Singapore and the UK. In February, Singapore published the report of the Committee on the Future Economy (CFE). The UK has just launched its new Industrial Strategy to support business and ensure a vibrant future for the British economy.

The similarities between our two economic strategies are striking. Both are forward-looking and visionary. Both accept the productivity challenge we face. Both propose bold solutions to drive future growth by embracing emerging industries and technologies. The similarities are unsurprising - the UK and Singapore currently sit in the global top 10 for ease of doing business, competitiveness and innovation.