smu hrh lecture lee hsien loong singapore future challenges
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8/19/2019 SMU HRH Lecture Lee Hsien Loong Singapore Future Challenges
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Challenges Singapore will face
• (10 Year) Economy
• Need for more and better jobs to stimulate economy
• No eisting economic growth model to emulate as we are
already at the top• !f we stagnate at ceiling we will be li"e #aiwan and $apan
• (%& Year) 'opulation
• emography is destiny
• irth policies start to ta"e e*ect after %& years
• #otal +ertility ,ate (#+,) 1-%.1-& (/ot aim for young and
ibrant population coupled with foreign talent)
• (&0 Year) !dentity (ost 'rofound Challenge)
• !dentity present had motiated the population to support
goernment policies 23 results
•
Collectie will to succeed4 Nation building• eepened our common eperience with national challenges
• ust be sustained for future success
“10 Years” Challenge – Economy
Current
• EC /rowth more than 506 since independence
• /' /rowth 7 8or"force /rowth (8/) 9 'roductiity /rowth ('/)
• Singapore gradually slowing '/
• 'ossibly due to ceiling of technological and management
upgrades• Singapore gradually increasing 8/
• 'ast 'ost28ar aby oom and +oreign #alent !n:u
+uture
• #arget appro- %6 8/ and %6 '/ 7 ; the Chairman and 'resident of the
$apan 'roductiity Centre> re?uires a transformation of man"ind
thin"ing (@ marathon without a Anishing line)
• EampleB 'ort Security @uthority ('S@) recently upgraded
their Container #ransportation System from one2man2to2one2crane
to a one2man2machine2control2Ae2cranes4 !ncreases capacity for
business because formerly when the one man has to use the
washroom> the crane will be acated for half an hour because he
has to trael out of the platform
• '/ is both the solution and problem for economic growth
• 'otentially reduces employment with machinery automation
etc- NDESS total usiness olume improes
• !E and S',!N/ open mar"ets to eplore new mar"ets
• S"ills+uture• pgrade s"illsets to match technological leap
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8/19/2019 SMU HRH Lecture Lee Hsien Loong Singapore Future Challenges
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• @djust to change in career re?uirements
(,educed labour wor" and higher ?uality wor")
• Een doctors need to upgrade as diagnosis can
be done digitally
• 'erhaps humanely touch has to be deeloped
(Serice sector)• Eeryone has a alue in the society
“25 Years” Challenge – Population
'ast and Current
• anaged to transform F0s aby oom into human assets with good
education
• ade use of businessmen> professors of di*erent academia and
bureaucrats to build up old foreign serice to deelop diplomacy before
our Arst batch of educated Singaporeans come through
• 1-G million (1GH&) I &-& million (%015) # #+, has been dropping to
the current of 1-%
+uture
• Jld ependency ,ate 1BF 23 1B% by %0&0
• #a and Social Serice pressure on the youngKus
• !mproe immigration policyL Social issentL
• Encourage M@ctie @ging
• 'roblem cannot be soled by policies
• ,e?uires a combined e*ort(Corporations> schools>goernment> social perceptions) to deelop a national culture
beneAcial for a Mfamily country
“50 Years” Challenge – Identity
Current
• Choices
• elt into the world and globaliOe fully
• ecome global citiOens and function as highly abled members
of the world
• Singaporeans are adaptable> English2educated>possess good education4 %00>000 Singaporeans liing or
study abroad
• # might be too comfortable with oerseas to lose
their directions to PJE (!f a countryQs centre cannot hold> it
will collapse from within)
• Split along fault lines into groups and "eep into those groups
• #raditionalB ,acial and ,eligion
• odernB ,andom +J, and @/@!NS#
• +oreign 'ressureB (Ethnic 'ulls) !ndia S China Con:icts etc-
• onetaryB !ncome disparity• ,adicalismB !S!S etc-
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8/19/2019 SMU HRH Lecture Lee Hsien Loong Singapore Future Challenges
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• Strie hard to build a stronger national identity
• Shared stand on what Singapore stands for
• Shared Eperience (Created by Singaporeans and not
manufactured by the /oernment
• School Dife4 NS4 P
• Jercome national challenges (S@,S> E,S> +inancial
Crisis)
• Celebration (S/&0> SE@ /ames)
• /rieing (D=Y and t- =inabalu)
• +JJ !S NJ# +N@EN#@D compared to the aboe
• NEE +#,E DE@E,S to wholly commit their future and
lie to the surial of Singapore and its people
Qn
!mportant 'oints to noteB
• @ttitude towards competition R failures
• Competition is necessary motiation and process for the
reAnement of our people
• +ailure is common> just as common as the other chance down
the road
• !f eeryone beliees what they want is their natural right (D/# etc-)>
no cohesion and balance in the society can be achieed
• Singapore does not beliee in implementing laws based on
the Supreme CourtQs decision and hence beliee that such
controersial laws should be only formulated once the people haeachieed a near uniform agreement or hae left their shell of
conseratism to preent social strifes-
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