Sustaining Economic Growth

Sustaining Economic Growth is critically important for Singapore. Singapore needs to stay modern and up-to-date, because in today's rapidly developing and advancing world, a small country like Singapore needs to keep up with the global superpowers. For what it lacks in size, Singapore makes up for in development.

1. Keeping up with globalization

Today's world is rapidly changing and developing. Singapore's government needs to keep up with globalization. Singapore must surpass other countries in terms of technology and research. This is an area that Singapore can excel at, as this does not require the country to be very large, but needs qualified scientists and researchers. Singapore's education system is regarded as one of the best in the world, and produces many of these professionals. The government needs to emphasise on the importance of keeping up with globalisation. Therefore, Singapore needs to focus on advancing in technology and research.

However, we must keep in mind that Singapore's multi-racial society is a very unique one, and we need to preserve this culture, and ensure that it does not get lost in the process of Singapore's advancement. Singapore's identity must stay strong to be able to cope with all the changes and development of the world around.

2. Attracting foreign talent

Singapore is a small country, and, compared to other countries in the world, has a small population. To compensate for this, Singapore needs to attract foreign talent. This will increase the talent pool in the country, so there will be more qualified professionals working in Singapore. In addition, attracting foreign talent will increase the competition in the country. This will encourage people to work harder, resulting in a greater quality of work.

To attract foreign talent, Singapore needs to have incentives for foreigners in Singapore, so that the disparity between Singaporeans and foreigners will not be too great, and it will be easy for foreigners to fit into society. Singapore needs to keep up its education system, as this attracts many foreigners to Singapore, in hope of a better and more advanced education.

3. Incentives for her own people

Singapore doesn't just need to attract foreigners, but also needs to have incentives for her own people. Singapore's own citizens should be given the same opportunities as those from overseas, and need to be pushed to keep improving. The education system in Singapore is one of the best in the world, and this results in Singapore producing many professionals in various areas of work. This is what keeps Singapore going, and enables us to keep up with the competition of other countries. 

Singapore needs to also ensure that these qualified and educated citizens do not migrate and leave the country. The government should provide scholarships and grants that will increase opportunities for Singaporeans as well as ensuring that they stay loyal to Singapore.