Long-term investments key to achieving nation's dreams

AS a new Parliament takes its place and Singapore embarks on its next 50 years of independence, now is the time to pick a destination for the future and, just as importantly, figure out how to get there.

In crafting the next step, lawmakers and voters must have the courage and the wisdom to make long-term investments that will strengthen the nation's foundations even if the returns may not be apparent in the short term. Specifically, Singapore must retool its education system to nurture a culture of innovation and to equip its population with the skills required for the future. The country will also have to re-examine its rules and its cultural norms to create a more inclusive society that values diversity - whether it is in terms of race, gender or other prejudices.

Lawmakers have started the year with a debate about the future direction of Singapore. There is talk about a more accountable government, more diversity in the Elected Presidency, encouraging innovation and supporting the elderly and less fortunate. The discussion from both sides of the political aisle has been vigorous and insightful, cutting to the core of what Singaporeans think Singapore should be.