How Singapore Plans Growth on Dark Globalization Mood

The video discusses Singapore's economic strategy over the next decade, emphasizing the importance of maintaining a free and open market to counter protectionism. It highlights Singapore's reliance on trade and the risks posed by anti-globalization sentiments. The focus is on deepening international connections and exploring new markets. Human resource development is crucial, with an emphasis on reskilling to adapt to technological advancements. The strategy shifts from government-led to private sector-led innovation, encouraging creativity and scaling up businesses, with the government acting as an enabler.

Why is it crucial for Singapore to resist protectionism?

• To ensure its GDP is generated internally

• To maintain its status as a closed economy

• To remain a free and open market

• To reduce its reliance on trade

What is a major risk for Singapore due to rising anti-globalization sentiment?

• Increased internal demand

• Decreased reliance on trade

• Increased protectionism

• Reduced international connections

What must Singapore do to adapt to new realities in the global market?

• Reduce international trade

• Reskill its workforce

• Focus solely on manufacturing

• Ignore technological advancements

How has Singapore's economic strategy changed in terms of sector targeting?

• It targets only the pharmaceutical sector

• It relies solely on government intervention

• It has shifted to private sector leadership

• It continues to focus on key sectors like manufacturing

What role does the government now play in Singapore's economic strategy?

• It leads all innovation efforts

• It restricts private sector growth

• It acts as an enabler for the private sector

• It controls all capital investments