I am not an expert, but i hope to see the following.
1) Bigger focus on R&D and innovations
2) Invest in translational companies that can translate the R&D and innovations into commercial solutions
3) Move away from manufacturing and more to service
4) Temasek and GIC should cater a portion of investments on small/medium size businesses, especially those that are highly innovative
5) Temasek/GIC/GLCs should adopt the big brother attitude and any investments overseas should insist on participation from our medium sized companies to help them grow. We have the financial muscle to push this
6) Wean off low cost labour and really really look at technology and processes to push for greater efficiencies. At the moment, its all a facade.