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Attributes of a Highly Competitive Economy

ISCA CEO, Mr Lee Fook Chiew, was quoted in The Business Times on the question of "What are the quintessential attributes of a highly competitive economy?" This is what he has to share:

Trusted institutions form the bedrock of a highly competitive economy and businesses. Among other factors, strong governance framework and transparency in the ecosystem are pertinent for sustained economic growth. The high-quality financial and non-financial information enables governments, investors and businesses to make sound financial and policy decisions, which provide the foundation for stakeholders' trust and confidence. A highly skilled and diverse workforce would also be a key differentiator in a highly competitive economy. In order to effectively leverage growth areas in Industry 4.0, there is a need for all in the society to continuously upskill and reskill.

- Lee Fook Chiew, Chief Executive Officer, Institute of Singapore Chartered Accountants (ISCA)

This article was first published in "Views From the Top" in The Business Times on 4 November 2019.

20191104 Makings of a leading-edge economy


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