Three “I’s” to build the supporting ecosystem for our future economy

• Main Author: CHAN, David
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Industrial and Organizational Psychology
• Online Access: https://ink.library.smu.edu.sg/soss_research/2783; https://ink.library.smu.edu.sg/context/soss_research/article/4040/viewcontent/3_i_s.pdf
• Institution: Singapore Management University

This paper discusses the supporting ecosystem for sustaining afuture vibrant economy that can co-exist with a strong Singaporesociety. Challenges and opportunities will be explicated and specificrecommendations will be made in three areas, namely, (1) thedevelopment of Singapore’s physical and virtual infrastructure; (2)the integration of the roles of universities and research institutions inresearch, education and practice; and (3) the adaptation ofGovernment policies and the functioning of the public, private andpeople sectors.Economic future is always uncertain, but it is important to be clearabout the intended direction for Singapore’s future economy. Thecountry needs to set specific, challenging and realistic goals relatedto the economy. It also needs plans on how to get there and monitorprogress.Many important issues about the future economy will not resolvethemselves without explicit decisions and interventions. Singapore’spolicymakers have the difficult task of understanding and integratingmany different but inter-related issues to address critical aspects ofour future economy.It is useful to think about the issues in terms of the substantivecontent of the economy and the ecosystem that supports it.