26 Aug NEW HORIZONS – GLOBAL AND REGIONAL STRATEGIES FOR SINGAPORE’S FUTURE
We write this Report to offer views about Singapore’s future growth strategies and do so at considerable risk of being proven wrong. 2020 was a most unusual year for the world and for Singapore. While 2021 has seen promising signs of recovery, the impacts of the COVID-19 pandemic are not over.
This Report summarises our analysis and recommendations regarding post-COVID-19 strategies for Singapore. In the first section, we consider the health and economic impacts of the pandemic, as well as global trends that have accelerated due to the crisis, and the implications for Singapore. In the second section, we argue for a suite of strategies that, while not startlingly new, can in combination be seen to represent a sea change for Singapore. In the third section, we provide more specific recommendations for policies, actions, and institutions.
Inputs have come from dialogues with leading private sector companies held under the SIIA’s “New Horizons” programme. Others are drawn from the SIIA’s own key policy work, especially on ASEAN and on sustainability. The EST co-chairs have encouraged this work, acknowledging that the government task force does not have a “monopoly of ideas”, and hope to tap upon “collective wisdom and experiences”. We hope that the ideas and recommendations presented here might be part of a broad public conversation about our future.