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CFE report could have included long-term macroeconomic issues

It has missed an opportunity to address structural issues including the viability of the current growth model in the future; fiscal policy reform; adapting to the sharing economy.

Singapore has succeeded economically in the last 50 years mainly because it embraced export-led growth and open markets before these became economic orthodoxies elsewhere.

THE report by the Committee on the Future Economy (CFE) is a comprehensive document that maps out the government's current economic preoccupations and policy priorities. It is useful too in reminding Singaporeans of our constraints as a small, export-dependent and resource-constrained economy....

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