Singapore News

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Is Singapore too strict?

Posted by jtsmyth8 on May 20, 2008

Singapore should consider relaxing some of its strict social laws to allow for greater creativity, which will help it stay competitive in the long term, a top World Bank official said on Tuesday.

‘Singapore has made a monumental contribution to the field of development,’ Juan Jose Daboub, the Bank’s managing director, said at a public lecture.

But he said a question confronting its leaders is ‘whether it is ready to face the challenges of implementing cutting-edge reforms needed to further improve its position in the competitive global environment’.

He added: ‘One such challenge is the tricky task of balancing a desire for social order and stability – for many years a defining quality of Singapore’s growth – with a need to allow more innovation and creativity to produce high-value goods and services in a more competitive global economy.’

‘Innovation and creativity are, by definition, not orderly, and not regulated,’ Mr Daboub said.

‘As Singapore looks to a growing and prosperous future, striking the right balance will call for some skilled stewardship and probably some risk-taking.’ (story)


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