venture in new businesses are relocating to more developed countries in search of green pasture. This social issue is delicate in a sense, but Government should set more sensible policy to maintain its own talents within the country. Government could be more highly supportive in having a family by providing citizens with Affordable Housing Plans and secure job places. The Continuing work place training should be placed in order to assist them with upcoming challenges. Most importantly, Government could promote “SOUL OF SINGAPORE” by showing their willingness to help its citizens in times of difficulty. In this way, it is believed that there will always be loyal and efficient labour that will answer the challenges of globalized economy. However, Singapore should not disclose its doors to foreign talents as new ideas and strategies can be benefitted from them, but via managed channels, not to the extent of foreigners hinder job vacancies of its citizens. Notably, the practice of meritocracy will continue to benefit and the integration of foreign workers with locals should be focused as in this way, Singapore could be a similar example of U.S. accumulating talents from all over the world. All in all, the challenges imposed by globalized economy can be diminished if the Government of Singapore and its people are well prepared, setting new policies and upgrading their skills to adapt fresh situations. One might find that it sounds easy. However, in reality, this transition will not be as smooth as expected. Certain people will still suffer from uncertain economy status of today. Positively thinking, Singapore Government has certain plans for years ahead to reduce the negative impact of globalized economy. In fact, its economy grew 1.7% in the first half of 2012 and on the track of 1.5-2.5% growth for the year. Currently, new programmes are introduced to help the population in terms of housing, education and medical. To stay ahead of the economy, the government review their policies more broadly, especially social and education policies as well as core values such as meritocracy, multi-racialism and financial prudence. It is undeniable that this will in turn bring about success for a shining red dot twenty years from now, according to Singapore Premier Lee Hsein Loong. Therefore, it is believed that Singapore can be readily to face and cope with the challenges of globalized economy. With many thoughts, Singapore is a place for better future and a place to be called a “home with Hope and Heart”.
venture in new businesses are relocating to more developed countries in search of green pasture. This social issue is delicate in a sense, but Government should set more sensible policy to maintain its own talents within the country. Government could be more highly supportive in having a family by providing citizens with Affordable Housing Plans and secure job places. The Continuing work place training should be placed in order to assist them with upcoming challenges. Most importantly, Government could promote “SOUL OF SINGAPORE” by showing their willingness to help its citizens in times of difficulty. In this way, it is believed that there will always be loyal and efficient labour that will answer the challenges of globalized economy. However, Singapore should not disclose its doors to foreign talents as new ideas and strategies can be benefitted from them, but via managed channels, not to the extent of foreigners hinder job vacancies of its citizens. Notably, the practice of meritocracy will continue to benefit and the integration of foreign workers with locals should be focused as in this way, Singapore could be a similar example of U.S. accumulating talents from all over the world. All in all, the challenges imposed by globalized economy can be diminished if the Government of Singapore and its people are well prepared, setting new policies and upgrading their skills to adapt fresh situations. One might find that it sounds easy. However, in reality, this transition will not be as smooth as expected. Certain people will still suffer from uncertain economy status of today. Positively thinking, Singapore Government has certain plans for years ahead to reduce the negative impact of globalized economy. In fact, its economy grew 1.7% in the first half of 2012 and on the track of 1.5-2.5% growth for the year. Currently, new programmes are introduced to help the population in terms of housing, education and medical. To stay ahead of the economy, the government review their policies more broadly, especially social and education policies as well as core values such as meritocracy, multi-racialism and financial prudence. It is undeniable that this will in turn bring about success for a shining red dot twenty years from now, according to Singapore Premier Lee Hsein Loong. Therefore, it is believed that Singapore can be readily to face and cope with the challenges of globalized economy. With many thoughts, Singapore is a place for better future and a place to be called a “home with Hope and Heart”.