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Some have called for slower economic growth, arguing that we have enough material success and should shift the focus to social considerations. While he respects their views, Prime Minister Lee Hsien Loong cautioned that, without growth, there is "no chance of improving our collective well-being".
"Growing too fast generates growth pains and stresses and strains. Growing too slow produces many other serious headaches," he said, acknowledging the dilemma.
"And we've always got to maintain the balance between economic and non-economic objectives and ensure that the fruits of growth - enough of it - are invested for social purposes which benefit our society and the wider population."
In his 40-minute speech, the Prime Minister posed the question: Where do we want Singapore to be in 20 years' time? "Do we want Singapore to be up among the global cities, or do we want to remain where we are today, while the world moves ahead?" he asked.
He believed most people would want the former. "Being near the front means Singaporeans can enjoy a quality of life comparable to what people in advanced countries will be enjoying in 20 years' time.
"Being near the front means that our children can look forward to better lives than our generation."
It also includes intangible aspects: Citizens showing more grace and compassion to each other, a greater appreciation of the arts.
Responding to criticism that not enough is being done for the lower-income here, Mr Lee said the reality is that more is being done than the Government gets credit for - for instance, it has emphasised boosting assets more than incomes.
Still, he pledged to progressively build on some of the new schemes introduced in this year's Budget, such as the Goods and Services Tax vouchers scheme for the low-income households.
He reiterated that a prospering, growing economy was necessary to investing in "making life better for all of us". It will be important for Singapore to maintain the virtue of always striving to be the best and not taking success for granted.
"If we just set our ambition to be above average in the league of cities, then we will fail. That is the greatest danger if we tell ourselves, 'Let's slow down, enjoy life today, don't worry about tomorrow'," Mr Lee said.
- http://www.todayonline.com/Singapore/EDC120609-0000052/If-we-are-content-to-be-average,-we-will-fail
"Growing too fast generates growth pains and stresses and strains. Growing too slow produces many other serious headaches," he said, acknowledging the dilemma.
"And we've always got to maintain the balance between economic and non-economic objectives and ensure that the fruits of growth - enough of it - are invested for social purposes which benefit our society and the wider population."
In his 40-minute speech, the Prime Minister posed the question: Where do we want Singapore to be in 20 years' time? "Do we want Singapore to be up among the global cities, or do we want to remain where we are today, while the world moves ahead?" he asked.
He believed most people would want the former. "Being near the front means Singaporeans can enjoy a quality of life comparable to what people in advanced countries will be enjoying in 20 years' time.
"Being near the front means that our children can look forward to better lives than our generation."
It also includes intangible aspects: Citizens showing more grace and compassion to each other, a greater appreciation of the arts.
Responding to criticism that not enough is being done for the lower-income here, Mr Lee said the reality is that more is being done than the Government gets credit for - for instance, it has emphasised boosting assets more than incomes.
Still, he pledged to progressively build on some of the new schemes introduced in this year's Budget, such as the Goods and Services Tax vouchers scheme for the low-income households.
He reiterated that a prospering, growing economy was necessary to investing in "making life better for all of us". It will be important for Singapore to maintain the virtue of always striving to be the best and not taking success for granted.
"If we just set our ambition to be above average in the league of cities, then we will fail. That is the greatest danger if we tell ourselves, 'Let's slow down, enjoy life today, don't worry about tomorrow'," Mr Lee said.
- http://www.todayonline.com/Singapore/EDC120609-0000052/If-we-are-content-to-be-average,-we-will-fail