Tan See Leng responds to motion on an economy of the future that works for all

The ultimate purpose of Singapore’s economic strategy is about whether growth pervades and percolates through the broader economy, as well as improves lives through good jobs, rising incomes, social mobility and the resilience to withstand setbacks, said Minister for Trade and Industry (Energy and Industry) Tan See Leng. Responding to Members in parliament on Wednesday (Aug 5), he said its responsibility now is to ensure that it continues to deliver in a very different changed world. Dr Tan pointed out that the amended motion captures the full combination that Singapore needs - an equal and inclusive economy with opportunities for entrepreneurs, households, businesses and workers, and ideas and innovation to flourish, as well as an economy powered by dynamic local companies and global enterprises, healthy domestic and external demand, and Singaporeans and Singaporean capital venturing abroad. All of these are mutually reinforcing parts of one united economic strategy, he said.