The main concern is that stagnant or falling productivity will eventually lead to a static economy; an example of this is Japan’s recession in 1989. To improve productivity, Singapore should invest more in education. As of now, Singapore invests roughly 2.9% of its GDP in education, a low number compared to other developed countries. The country tends to import foreign workers instead of investing in Singaporeans and nurturing talent. Consider this table on public education expenditure below:
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