31 Aug '17, 6am

Singapore cannot afford to slow down....

Singapore cannot afford to slow down....

MUCH of the news these days reflects a world facing uncertain and anxious times. There is an increasingly disenchanted middle class questioning the benefits of globalisation. At the heart of this angst is a perfectly reasonable demand for good jobs. But it is important to make the right diagnosis to avoid blaming the wrong factor. The problem is not globalisation, and blaming trade and putting up walls will not help. The fact is that there is a digital revolution going on. The advancements in computing, broadband and mobile connectivity, artificial intelligence, robotics, 3D printing and genomics are all building on and amplifying one another. This is fundamentally changing how economic value is created, the way work is organised, the way our societies communicate, and how we live. Jobs are being disrupted, particularly middle-class, white-collar work. At the beginning of ...

Full article: http://www.businesstimes.com.sg/opinion/singapore-cannot-...

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