Outsider perspective here: The thing is, Singapore has done very well out of MNCs and government-backed large enterprises. Its comparative advantage over the rest of the world is in efficient implementation rather than innovation, and it achieves the former through values that are not conducive to innovation (central-planning, regulation, conformity). And it's a model that works so well for Singaporeans there's perha…
I really do hope that the Singapore government's efforts to revive its education curriculum works out well. Previously (and rampant in the age group of today's 14-22 years old), students take pride in their ability to organise large conferences and overseas trips. All these demonstrate and place glory on the ability to implement projects. However, it forgoes the emphasis on the ability to create.
Creation is probably what Singapore is in desperate need to sustain its crazy economic growth it still experiences till this day.
Thanks for your reply!