Grace Fu to young Singaporeans: ‘Quality growth’ is important for Singapore
Posted by temasektimes on October 24, 2012
It was supposed to be a ‘conversation’ to get young Singaporeans thinking about the kind of Singapore they want to see in 2050, but ended up with Minister in Prime Minister’s Office Grace Fu dominating the session and imposing her world view on them.
Speaking to some 200 students and staff from tertiary institutions at a dialogue organised by the Institute of Policy Studies on Tuesday, Ms Fu reminded young Singaporeans that the country needs good quality growth for all segments of society to have good jobs and wages.
“You can wish for good things, but the economic conditions need to be right to get the better things in life,” she said.
Despite some concerns from the audience about having too much focus on economic growth at the expense of a better quality of life, Ms Fu reiterated that quality growth remains important for Singapore as it helps sustain social spending.
Though Singapore has one of the world’s highest GDP per capita income, it is plagued by a widening income gap between the rich and the poor who has no social safety net to speak of.