Growing new ideals of progress

THIS WEEK'S TOPIC: How do you see Singapore's economic and business policies evolving as a younger electorate looks beyond bread-and-butter issues to matters of social inclusiveness and equality?

Yeoh Oon Jin Executive Chairman PwC Singapore

Singapore is not immune to the megatrends shaping our world today: asymmetry, disruption, age, polarisation and trust erosion, which we at PwC have acronymed as ''Adapt''. Globally, governments, businesses, and societies are all struggling with the near-term manifestations of these trends and are looking for answers. It is important that these three groups work together to seek out the answers with greater emphasis on the processes leading to the policies rather than the policies per se, with a view to increase inclusiveness as we seek sustainable growth as a nation. Bread-and-butter issues will remain pressing in the near term due to Covid-19. Beyond this, economic and business policies that are grounded and fundamentally sound will continue to be important albeit with more focus on driving sustainable growth, with added emphasis in the areas of environment, workforce and skills development, and uplifting those who have fallen behind.