Economic Strategy Review (ESR)
Charting a forward-looking economic strategy for Singapore
Last updated 12 March 2026
Overview of the Economic Strategy Review
Charting new areas of growth and creating good jobs for Singaporeans are top of the agenda for the Government’s Economic Strategy Review (ESR).
Join Deputy Prime Minister Gan and the five committees for an inside look into the ESR effort, and explore the key areas of focus that will define Singapore’s future economy:
Strengthening Singapore's Global Competitiveness
Leveraging Technology and Innovation
Nurture Entrepreneurship
Enhance Human Capital
Managing Impact of Restructuring
Watch the full video above.
ESR Mid-term Update
As Singapore enters a new phase of its economic journey in a more complex global environment, growth will be harder to achieve. We can also no longer assume good jobs automatically come with growth. We must be more intentional in our strategy.
The ESR has proposed 7 key moves to keep Singapore trusted, competitive and connected - while creating good jobs and opportunities for Singaporeans.
7 Recommendations to Drive Growth and Create Good Jobs | |
|---|---|
1) Establish Singapore as a global leader in key growth sectors | • Harness Al, automation and sustainable technologies to transform advanced manufacturing • Tap on our reputation to grow a trust industry • Capture higher-value jobs and new opportunities for Singaporeans |
2) Pursue emerging opportunities to create new growth engines | • Invest in areas such as quantum and space tech • Attract and nurture globally-leading enterprises • Sustain a vibrant start-up ecosystem and entrepreneurial culture, with more support for high-potential start-ups |
3) Establish Singapore as a global Al leader | • Position Singapore as a place to develop, test, deploy and scale impactful Al solutions • Drive Al adoption across the economy to lift productivity • Support firms and SMEs to transform and benefit from Al |
4) Help our firms internationalise and connect globally | • Invest in transport hubs and networks for new supply chain opportunities • Strengthen trade cooperation • Help firms venture overseas and bring value back to Singapore through higher-value jobs and additional revenue |
5) Broaden the range of good jobs across the economy | • Uplift and transform jobs in sectors that can better withstand global shifts • Including jobs in skilled trades and care and social services • Nurture a new generation of founders to build the next wave of enterprises and jobs |
6) Empower every worker to take charge of their career | • Make lifelong learning a practical reality by blending training with work • Build Al literacy across the workforce • Strengthen career transition support via better career guidance, job matching and placement services |
7) Enable businesses to proactively navigate transitions | • Help firms better understand and shift to more viable opportunities as the economy restructures • Review tools and resources available to business leaders |
Committee on Global Competitiveness
How is Singapore staying ahead in a rapidly changing world? Free trade is disappearing, AI is reshaping everything, and traditional advantages no longer guarantee success. But Singapore isn't just adapting - we're leading the charge.
See how the Economic Strategy Review’s Committee on Global Competitiveness reveals our bold strategy: from becoming the trusted hub for global tech giants to nurturing homegrown companies into tomorrow's MNCs. Discover how we're future-proofing our economy and empowering every Singaporean to thrive globally.
Committee on Technology & Innovation
How is Singapore turning AI anxiety into opportunity? AI is changing everything, from how we work to how entire industries operate. While many worry about job displacement, discover how we can embrace AI to create better, more meaningful work for everyone.
The Economic Strategy Review’s Committee on Technology & Innovation shares how we're building AI literacy across all ages and sectors, and partnering with companies, big and small, to solve real problems. From freeing up time for creative work to creating tomorrow's good jobs, see how Singapore is leading the AI revolution with trust, governance and people at the centre.
Committee on Entrepreneurship
How is Singapore building the startup nation of tomorrow? In a fragmented world, opportunity knocks for those who dare to innovate. While global uncertainty creates challenges, Singapore's stability, strong regulations and rule of law make us a magnet for investors and entrepreneurs seeking fertile ground to grow.
The Economic Strategy Review’s Committee on Entrepreneurship reveals how we're building a thriving startup ecosystem that embraces failure as learning and recycles capital into new ventures. Discover how we're making Singapore the place where innovation flourishes, creating jobs and opportunities for all Singaporeans.
Committee on Human Capital
How is Singapore preparing its people for an AI-powered future? We all know that AI is everywhere, transforming jobs and creating new opportunities. How do we help every Singaporean ride this wave of change?
The Economic Strategy Review’s Committee on Human Capital reveals our strategy to build an AI-ready workforce. From reshaping education to focus on creative problem-solving over information gathering, to ensuring companies transform alongside their workers, discover how we're making sure no Singaporean gets left behind in this new economy.
Committee on Managing Impact of Restructuring
How does Singapore ensure no one gets left behind as the economy transforms? As AI reshapes industries, many worry about their jobs and skills. The anxiety is real, but so is our commitment to help.
The Economic Strategy Review’s Committee on Managing the Impact of Restructuring reveals how we're managing the human impact of change. From career bridges that build on workers' existing skills to supporting companies through transformation while bringing their workers along, discover how we're creating a fair transition where everyone has the opportunity to grow. Because success isn't just about economic growth, it's about jobs that embody our values and dignity.
ESR Mid-term Update Media Interview
Media Resources
[30 January 2026] Economic Strategy Review Mid-term Update Media Factsheet
[4 August 2025] Economic Strategy Review to Chart a New Economic Blueprint for Singapore