| Mr Speaker, Sir, globalisation
has brought with it new challenges. Today, the world
economy is much more open. Investments and labour flow
freely across borders. Many more opportunities abound.
But competition in this new global environment is also
keener, and more intense. Singapore's continued success
will depend critically on our ability to adapt and adjust
to this new world economic order.
Singapore's economic fundamentals
are sound. We have invested in the education of our
work force, built up an excellent infrastructure, and
fostered an environment which is conducive to business
and economic growth. If we continue to adopt far-sighted
policies, remain alert to new opportunities and challenges,
and stay nimble and fleet-footed, I am confident that
we will be able to succeed in the new global economy,
and continue to do well in the years ahead. |
