As one of the most business friendly nations on the planet, it should come as absolutely no surprise to anyone that Singapore is so dedicated to creating extreme economic growth – not only at home but also abroad – and they are doing so with a laser targeted focus in five key and specific areas.
Ever since the Singapore government reorganized itself in the early 1950s it has been dedicated to enjoying the same kind of complete and total economic overhaul that Japan enjoyed 50 years earlier than that, and so far they have been able to do exactly that.
A major leader in the technology sector, a business haven that has attracted some of the most talented people in the world of business from all over the world, and one of the most hustling and bustling economies on the planet, Singapore is not content to sit back on their laurels and just allow success to continue to come to them.
No, they are looking to push forward aggressively, innovating in a number of key areas (five to be specific) and making sure that they are best prepared moving forward in the most competitive time in human history.
Focusing on growth
The new Singapore Committee on the Future Economy is made up of 30 members from all across the government and private sectors, and are going to be specifically targeting five key areas as we mentioned above doing crazy economic base and prosperity of Singapore.
The most important push has to be a focus on growth, basically finding new ways to develop extra sources of revenue and to support small, medium, and large businesses with everything that the Singapore government can provide.
Focusing on corporate innovation
Innovation is the name of the game when it comes to success in business today, and the Committee on the Future Economy is dedicated to making sure that all entrepreneurs (regardless of the type or size of business that they are running) have access to the tools and technologies they need to improve efficiency and enjoy extra innovation.
Some of the most creative people in business are already here in Singapore, and because of the business friendly nature of the nation more and more are attracted to this country every year.
Focusing on building jobs
Though the overwhelming majority of the benefits that Singapore businesses are able to enjoy are specifically designed to improve the lives of those in charge of or those managing businesses in Singapore, it’s impossible to improve your economic base without being able to create tremendous and attractive jobs for the citizenry.
This is something that a lot of nations struggle with across the board, but it isn’t something that the people of Singapore are having a tough time with. The Committee on the Future Economy has already come up with some new and exciting methods to boost the growth rate of jobs in the country for the next 20 years.
Focusing on developing urban infrastructure
Singapore has always been one of the most cutting edge nations as far as overhauling their infrastructure its concert. They definitely embrace everything that modern technology has to offer and aren’t shy at all about completely overhauling the very foundation of their cities and urban areas to usher in new and improved infrastructure.
This trend is only going to continue going forward.
Focusing on improving connectivity
As one of the most technologically advanced countries on the planet, Singapore is already pretty connected – it is the hub of business and technology in Southeast Asia, for that matter – but the Committee on the Future Economy is looking for ways to further improve their connectivity to span all corners of the globe.