Excerpt:
We must be an innovative society to keep earning our place in the world and to raise standards of living for all Singaporeans. We have to move from value-adding in global markets to value-creation - through our own firms, with more brands of their own, as well as with multinationals based here, creating value in Singapore, in every field - developing new, cost-effective medical treatments, creating new products or apps, or finding new ways to reach customers.
An innovative society starts from young, of course. But we must resist the thought that we have to add something more in education to develop the innovative spirit. It is more a matter of taking things out of education than putting things in.
It's also not just about the first 18 or 22 years of education, but learning through life. That's why SkillsFuture is a major social and economic investment in our future.
We will invest in every Singaporean, so we all keep improving through life, keep learning something about ourselves we didn't know, a strength, an interest. And keep expanding our potential together.
We are going to provide the resources, all around the island, to make this happen.
Ref:
The Economic Society of Singapore SG50 Distinguished Lecture by Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam
14 August 2015
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