Singapore is strategically positioning itself as a regional hub for high technology. The government supports small businesses in adopting new technologies and invests in worker retraining. Additionally, after implementing immigration restrictions, Singapore is pushing for the automation of low-skilled jobs, including cleaning roles.
In the Global Talent Competitiveness Index, Singapore ranks second globally, just behind Switzerland. Australia is the only other Asia-Pacific country in the top 10.
This index assesses a country’s ability to facilitate, attract, develop, and retain talent, as well as its capacity for global knowledge and vocational skills. High-ranking countries share advantages such as flexible employment policies, strong education systems, and technological competence.
Digital technologies are expected to elevate small and exposed economies like Singapore, enabling their companies and talent to connect with the global market. While some larger Asian economies scored lower, Singapore continues to lead in the region.
