Wednesday, October 28, 2015

Economy diversifying into new sectors

The economy is diversifying into new sectors. It will be challenging.
In the past few years, the economy grew due to infrastructure - MRT lines, public housing, roads. When these mega projects are completed, they have to be replaced by new economic activities.
The infrastructure projects are domestically driven. The government pumped in the money.
But the new initiatives require international competition. It will be difficult and challenging.

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