Ultimately what any country should be worrying about is not comparisons but differentiation. In Singapore’s case, with its strategic imperative of focusing on developing both its service industries and very high-end manufacturing, its differentiator must be the one thing that makes any nation or organisation successful – the recruitment, nurturing and retention of great talent.
Singapore by dint of history, geography and more recent socio-economic factors has a potential pool of talent greater than most other locations in Asia because of its multi-ethnic population that helps achieve closer connections with other parts of the region, including China, India and Southeast Asia. This makes Singapore highly competitive and for the long-term—not just measured year to year.
One thing that I’m sure won’t make the country competitive is the over-analysis of an annual competitiveness index.
Crisis? What crisis?
Read the entire article HERE.