Knowledge Economy
Knowledge Economy
Published in
1 min readJul 3, 2016

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The second leg that they’re looking at, as Bjarne was talking about, is skills. Their other big program, which was put into place at the beginning of this year, is called SkillsFuture. What the government has done is to ensure that every single Singapore citizen [age 25 and over] has a SkillsFuture account. A certain amount of money is put into that account every year. That money can be used toward reskilling an individual for the rest of his or her life because many of the skills that need to be built will have to be built as an adult, and they will have to evolve through that adult’s life. Many of the skills that they will have to learn will be tied to these megatrends. How do I take advantage of these new technologies? How do I skill myself to be able to participate in the new sectors and industries that the country is moving toward?

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