“Singapore wants to show a possible future, where public and private companies walk together to create more advanced societies”.
One of the countries that invests the most in technology in the world, being the most innovative on the continent, considered the Asian Silicon Valley, Singapore offers incentives, creates a technological hub and attracts many multinationals to innovate in its territory.
The country, poor in natural resources, knew how to value and invest in people and technology, becoming a fertile “valley” for innovative businesses. And, even attracting billionaire multinationals looking for business in its region, the local government continues to make large investments in research and development through its institutions and universities.
The president, Lim Chuan Poh, of the board of the Agency for Science, Technology and Research (A*Star) – linked to the government of Singapore -, 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 foreign 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's not its only quality; What also stands out is the government effectiveness, a regulatory quality and the opening for 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 theSocieties that master new technologies will have enormous economic opportunities. From this thought was created the Digital Industry Singapore (DISG) office in conjunction with the Economic Development Board (EDB), Enterprise Singapore and the Infocomm Media Development Authority (IMDA), with the main objective of building an economy where every business is digitally empowered, every worker is digitally enabled and every citizen is digitally connected.
THE concern about qualification is present throughout the professional life, especially at that moment when the artificial intelligence and the digital economy promise to render thousands if not millions of workers obsolete. Singapore’s Senior Minister of Trade and Industry, Chee Hong Tat, argues that “every technological transformation needs to go hand in hand with the training of professionals, as they do not intend to replace their citizens with robots, but train them to do a different job. or in another sector. That way everyone will be prepared for the changes”.
According to its rulers, Singapore has a plan to put this into practice.
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THE WTM International, as a tax intelligence company focused on services and technology, is prepared to assist in the main financial transactions between Brazilian and foreign companies and vice versa. A contribution to payments and receipts in local currency, in the case of Singapore, without suffering devaluation in this business and also problem solving through the integrated management of the international trade of servitech.
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Sources: Exam, Mercosur, Business season