It is expected that climate change, geopolitical tensions and increased legislative disruptions will place an enormous impact on Singapore's development in the next 50 years. Besides, the country also faces the challenges of an ageing population and inflationary pressures which have increased government expenditure so far. How these challenges are addressed with the adoption of data, location and expertise is among the top concerns. 

Arijit Chatterjee, Associate Professor, ESSEC Business School, Asia-Pacific shares more.