Singapore embarked on a restructuring path in 2010 - initiated by the Economic Strategies committee. The aim was to enhance productivity and foster growth. This is the fourth year of the program. The change in productivity has averaged -0.6 percent per year and, if anything, seems to be getting worse. Singapore has long been held up as a productivity exemplar. This shows how difficult it is to find the right recipe ... especially in the face of a global recession.
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