Solutions
Managing resources efficiently


Developing people.

As people are Singapore's precious resource, they should have the right skills and mindset to thrive in the globalizing world

One way is to promote local entrepreneurship and technopreneurship

Giving recognition to outstanding local entrepreneurs who have struggled and succeeded is one way to inspire more entrepreneurs to achieve greater success.

As Singapore become more globalized, There is a need to keep Singaporeans employable

One way is through a programme offered by Workforce Development Agency[WDA]

This programme helps to equip the workforce with skills that enable workers to better adapt to new job demands and changing work environment

The Skill Development Fund[SDF] provides Financial Assistance to employers to encourage them to train and upgrade the skills of their workers.

Attracting foreign Talent

There is also a need to attract foreign talent to meet the manpower needs.

Foreign talent has the advantage of bring along overseas business contacts

Drawing foreign talent to Singapore will, therefore, help to create more business opportunities and jobs in Singapore.

It also adds diversity to the cultural landscape of Singapore and makes the country more cosmopolitan

Managing the environment
Manging limited land resource

In Singapore, land use planing is a challenge as not all land can be developed.

For example, land is needed for water catchment, waste disposal; and also to preserve nature site such as parks.

with careful land planning, high standard facilities for housing, transportation, recreation, commerce, defence and education can be built.

These facility will enable Singaporeans to enjoy a good quality of life and ensure that Singapore can sustain growth in a globalising world

Cooperation with regional and international organisation

• Singapore takes an active interest in helping to solve regional and international environmental problems.
• For example, Singapore has cooperated with ASEAN on environmental matters
• such as the haze that affected Singapore and much of the region since the late 1990s
• Singapore has helped Indonesia detect the forest fires and haze using satellites.
• At international level, Singapore has also worked with other countries to look into environmental problems that are global in nature.
• For example, Singapore is one of the countries that has signed an international agreement
• that restricts use of harmful ozone depleting substances in individual countries

Public eduction

• For Singapore's effort in environmental protection to be effective,
• people must adopt environment-friendly ways and be instilled with a sense of responsibility
• and personal interest to keep their surrounding clean.
• Therefore, the long-term solution is educating the public.

Venturing Aboard

• With limited and labour resources, Singapore has to look beyond its national boundary to achieve further growth
• This can be achieved through regionalization
• which means investing in nearby by countries
• that have abundant land,lower labour cost and new markets
• e.g. singtel has expanded into overseas markets
• with current investment in over 20 countries
• Venturing aboard helps to sustain Singapore's economic development
• it opens up new market and allows Singapore to overcome her physical limitations such as small land area.

Nurturing Growth of SMEs

• SMEs play an important role in Singapore's economy
• e.g  Polar cafe,an SME, has been in business for 80 years
• to ensure that SMEs can continue to contribute to the growth of Singapore's economy
• there are many schemes catering to the needs of SMEs
• e.g new companies are granted tax exemption on their first $100,000 income for up to 3 years.
• Nurturing growth of SMEs promotes Singapore's development
• because these local business will be able to generate employment for the country.

Expanding Market reach Through Economic Cooperation.

• Singapore has a small domestic market due to its small population
• There is a need to establish trade ties with countries around the world to
• help local companies sell their goods to a larger market
• e.g. Signing the Free-trade Agreement with other countries.
• This would help companies to save cost as taxes are removed
• Thus help them to sell good in more country, increasing the profit.
• Economic cooperation promotes friendly trade ties
• bring about sustained economic development as Singapore faces stronger economic competition.

Diversifying the economy

• Singapore aims to promote technology-intensive,higher valued-added manufacturing activities in the electronics, chemical engineering and engineering fields
• e.g A*Star was set up to build up Singapore's research and development capability
• Aims to attract TNCs to set up operation here.
• to attract companies to use Singapore as a base for their high value-added manufacturing activities
• Tourism has been identified as on of the services to be promoted
• e.g Integrated resorts built in Marina Bay and Sentosa
• Promoting manufacturing and service ensure that 
• Singapore's economy remains stable in the events of the downturn of one sector of the economy
• stable economy would ensure sustainable economic development