“Singapore wants to show a possible future, where public and private companies work together to create more advanced societies”.
One of the countries that invests the most in technology in the world, and the most innovative in the continent, considered the Asian Silicon Valley, Singapore offers incentives, creates a technology hub and attracts many multinationals to innovate in its territory.
The country, poor in natural resources, has known how to value and invest in people and technology, becoming a fertile “valley” for innovative businesses. And, even while attracting billion-dollar multinationals in search of business in its region, the local government continues making major investments in research and development through its institutions and universities.
The chairman, Lim Chuan Poh, of the board of the Agency for Science, Technology and Research (A*Star) – linked to the Singapore government -, made it clear that the results achieved by the country are thanks to government investments in the areas of science and education, and not to external investments.
The country is considered the seventh most efficient place on the planet for innovation, according to the ranking of The Global Innovation Index, made by the World Intellectual Property Organization. And that is not its only quality; what also stands out is the effectiveness of the government, the regulatory quality and the openness to third-party capital, all done with great rigor, effort and planning.
The Singaporean government believes that the digital revolution is the new industrial revolution, where societies that master new technologies will have enormous economic opportunities. Based on this thinking, the Digital Industry Singapore (DISG) office was created together with the Economic Development Board (EDB), Enterprise Singapore and the Infocomm Media Development Authority (IMDA), with the main goal of building an economy where every business is digitally empowered, every worker is digitally skilled and every citizen is digitally connected.
The concern with training is present throughout professional life, especially at this moment when artificial intelligence and the digital economy promise to make thousands, if not millions, of workers obsolete. Singapore’s Senior Minister of Trade and Industry, Chee Hong Tat, argues that “every technological transformation must go hand in hand with upskilling professionals, because they do not intend to replace their citizens with robots, but rather train them to do different work or work in another sector. That way everyone will be prepared for change”.
According to its leaders, Singapore has a plan to put this into practice.
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Sources: Exame, Mercosul, Época Negócios