Singapore Economic Plan
Masterplanning Individual Assignment
Read:
Ministry of Trade and Industry - The Economic Planning Committee, the Strategic Economic Plan: Towards a Developed Nation, Singapore National Printers, 1991.
1. What are the vision and goals of the Singapore’s Economic Strategic Plan?
(2 marks)
Vision
A DEVELOPED COUNTRY IN THE FIRST LEAGUE
Goals
Enhancing Human Resources
Promoting National Teamwork
Becoming Internationally Oriented
Creating a Conducive Climate for Innovation
Developing Manufacturing and Service Clusters
Spearheading Economic Redevelopment
Maintaining International Competitiveness
Reducing Vulnerability
2. Who are the stakeholders and what are their roles? Are there conflicting interests between the different stakeholders?
(3 marks)
Singapore Government
Roles: Policy creation and leadership
Singapore government is responsible for leading the effort to lead the country into the first league. The Singapore Government will adjust its budget to allocate resources to achieve the goals set above.
Singapore Residents
Roles: Beneficiary
The people of Singapore will have stood to benefit in the long term from economic development efforts. This will ensure a comfortable and quality way of life for themselves and their children.
Partner Countries
Roles: Supplier (example Malaysia, Indonesia, China etc)
Partnering countries will act as supplier of manpower, goods and services that is not found in Singapore. To ensure that economic growth is possible, foreign workers will be needed to fill in jobs that Singaporeans do not want. In addition, as Singapore has limited natural resource, energy and materials need to be imported.
Business / Investor
Roles: Job creation and sustainable profit
The business of Singapore needs to ensure that they are profitable while setting up in Singapore. Cost and benefits need to be weight for them to operate in Singapore
Potential conflict among
Read:
Ministry of Trade and Industry - The Economic Planning Committee, the Strategic Economic Plan: Towards a Developed Nation, Singapore National Printers, 1991.
1. What are the vision and goals of the Singapore’s Economic Strategic Plan?
(2 marks)
Vision
A DEVELOPED COUNTRY IN THE FIRST LEAGUE
Goals
Enhancing Human Resources
Promoting National Teamwork
Becoming Internationally Oriented
Creating a Conducive Climate for Innovation
Developing Manufacturing and Service Clusters
Spearheading Economic Redevelopment
Maintaining International Competitiveness
Reducing Vulnerability
2. Who are the stakeholders and what are their roles? Are there conflicting interests between the different stakeholders?
(3 marks)
Singapore Government
Roles: Policy creation and leadership
Singapore government is responsible for leading the effort to lead the country into the first league. The Singapore Government will adjust its budget to allocate resources to achieve the goals set above.
Singapore Residents
Roles: Beneficiary
The people of Singapore will have stood to benefit in the long term from economic development efforts. This will ensure a comfortable and quality way of life for themselves and their children.
Partner Countries
Roles: Supplier (example Malaysia, Indonesia, China etc)
Partnering countries will act as supplier of manpower, goods and services that is not found in Singapore. To ensure that economic growth is possible, foreign workers will be needed to fill in jobs that Singaporeans do not want. In addition, as Singapore has limited natural resource, energy and materials need to be imported.
Business / Investor
Roles: Job creation and sustainable profit
The business of Singapore needs to ensure that they are profitable while setting up in Singapore. Cost and benefits need to be weight for them to operate in Singapore
Potential conflict among