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- Oct 30, 2014
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The First World War proved to be a turning point for the 20th century. The devastating war led to sweeping political, social and economic changes. The effects of war had a lasting effect on those who came of age during those years. Many in that generation lost a sense of hope, purpose and direction. They were known as the “Lost Generation”.
Two decades into the new century, COVID-19 looks set to define the 21st century. This crisis will likely change globalisation as we know it, further fray social compact in many societies, accelerate the pace of technological change, and even redefine social behaviour and travel patterns.
But we are determined that there should be no lost generation in Singapore. We are doing our utmost to keep viable companies afloat and to preserve jobs. In a weak job market, we are creating traineeships and other learning opportunities for our students who are graduating from ITEs, polytechnics and universities.
We do not know what the 21st century will shape up to be post-COVID. But we are sailing into uncharted waters — surveying the new landscape, exploring new growth and opportunities, preparing to seize them when the storm passes.
This is why I set up the Emerging Stronger Taskforce. We have two able co-chairs — Desmond Lee and Tan Chong Meng — leading this expedition. The Taskforce held its first meeting today. I thank Desmond and Chong Meng for leading this effort, and members of the Taskforce for their commitment to this. They will be inviting our people to share their views and co-creating ideas together. You can read more about their first meeting here: https://go.gov.sg/est
The Taskforce will present its recommendations to the Future Economy Council, which I chair, in phases. It is still early days. With conviction, determination and good planning, we seek to emerge stronger from this crisis and create a better future for our people. In the process, we also hope to work with people globally to build a better world.
