The Singapore Economic Development Board (EDB) was set up in 1961 to spearhead the nation's leap into industrialisation. Nearly six decades on, Singapore has developed successfully from a third- to first-world economy. Yet, the need for a concerted and comprehensive economic strategy is ever more pressing in the face of rapid disruptive changes brought about by the technological revolution we are experiencing.
The Fourth Industrial Revolution, as it is known, presents both challenges and opportunities for Singapore. Jobs will be lost due to disruptive technologies, but new jobs will also be created. In the World Economic Forum's Readiness for the Future of Production Report 2018 report, Singapore was listed as one of the top 25 countries well positioned to benefit from this revolution. What are some initiatives that EDB is putting in place to ensure that Singapore stays ahead of the curve to capitalise on the Fourth Industrial Revolution? How should businesses best respond to this changing economic landscape and how can EDB play a part in supporting them?
Join Mr Chng Kai Fong, Managing Director of EDB, at the upcoming IPS Corporate Associates’ One-Table Dinner, in an exchange of views on what the Fourth Industrial Revolution means for Singapore and how the nation, businesses and individuals should respond to it.