The nine pillars of productivity growth

In a commentary, SMU Professor of Economics (Practice) Augustine Tan wrote about nine important factors to Singapore’s productivity growth. These include avoiding penalising productive sectors and concentrating on the slower ones; meeting global demand by shifting Singapore’s non-oil domestic exports to high-quality brand-name goods; measuring productivity through an index of output per man hour; the recent introduction of the SkillsFuture initiative; tackling the issues of skill mismatch, underemployment and unemployment of graduates; the need for the Government to tweak its foreign worker policy; as well as encouraging entrepreneurial talent.

Source
The Straits Times