Economic Dynamism Openness And Inclusion - HOON HIAN TECK

As Singapore Progresses From A Newly-independent Nation To A More Mature Economy, The Economic Challenges It Faces Have The 50 Years Following Singapore's Independence, The Country Tackled Economic Challenges Relating To A Fledgling Nation, That Included Launching Onto A Path Of Economic Take-off, And Managing Workers' Wage Aspirations Without Rising Unemployment. It Met Those Challenges, Successfully Transiting From Relative Poverty In The 1960s To Relative Prosperity Today.as The Country Enters The Next Phase Of Its Economic Development, Having Now Surpassed The Us Standard Of Living As Measured By Real Gdp Per Capita, It Faces Another Set Of Challenges: How To Transit From Catch-up Growth Arising From Technological Diffusion From Frontier Economies, To Generating Indigenous Innovation? How To Face The Problem Of A Shrinking Local Workforce?