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Singapore's Response to Globalisation (Support for Singaporeans during…
Singapore's Response to Globalisation
Nurture SMEs so they stay relevant and competitive
Government promoting SMEs growth
Innovation mindset
Support for Singaporeans during Global Financial Crisis
Social Security Net
Firing foreigners before Singaporeans
Government spending to boost the economy
Encourage local companies to go overseas
Using South East Asian Markets
Larger market overseas
Expand market reach through economic cooperation
FTAs
WTO
Regional Trading Blocs
Diversify its economic to ensure industries are relevant in the changing economy
Industry Transformation Maps
Diversified economy
Singapore's food imports are from 180 countries
Equip Singaporeans with skills, to ensure their competitiveness
SkillsFuture
Every citizen knows at least 2 languages
Good educational system
Price controls
Prevent monopolies
Fair prices
Normal people can afford it