THIS WEEK’S TOPIC: How may Singapore strengthen social support systems while still upholding self reliance?

 

In his national broadcast on Singapore’s post-Covid-19 future, Prime Minister Lee Hsien Loong said that ”in Singapore, no one will be left to walk his journey alone”. That is a reassuring statement for the nation to progress as one united people, regardless of anyone’s social standing.

To strengthen our social support systems and uphold self-reliance, job creation remains of paramount importance. A key solution to creating more jobs is to deepen our reputation as an innovation outpost for large MNCs. When we do this well, research and development will be scaled, experiments can be commercialised and more distribution channels will be opened up. All of these positive factors ultimately lead to the creation of more jobs to fuel our country’s progress.

I cannot stress enough on the importance of leveraging our international reputation to attract more entrepreneurs and MNCs here to build a stronger ecosystem and ride the fourth industrial revolution en route to becoming a more open and compassionate meritocracy for future generations.

 

To view my thoughts on Business Times, visit this link: https://www.linkedin.com/pulse/hand-up-vs-handout-mario-singh/?published=t