The last five decades has seen Singapore develop from a third-world nation with poor infrastructure, limited capital and severe unemployment to the first-world metropolis that it is today. Per capita GDP has risen hundredfold from $500 to the sixth highest in the world at over $50,000, and unemployment is now around two per cent. Amongst numerous other accolades, the World Bank has consecutively for the last 10 years ranked Singapore top in the world for ease of doing business, attracting many global corporations to locate themselves on our shores.
The Singapore Economic Development Board (EDB) has contributed much to this economic transformation. How though can Singapore’s lead government agency, responsible for planning and executing the nation’s economic strategies, continue to create sustainable economic growth with vibrant business and good job opportunities? How does it plan to attract further investments, grow industry verticals, enhance the business environment and point Singapore towards the future? Critically, what is EDB’s direction for the future economy and its strategy for ensuring that Singapore is future-ready?
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