Consider underlining key points. Besides theory, you are welcome to cite relevant realworld examples, which may strengthen your answers, if any, but do keep them short.

Question 1: Sustainable Economic Growth of Singapore. Read the quoted passage below from "Reports of the Economic Strategies Committee: High Skilled People, Innovative Economy, Distinctive Global City," (2010) Economic Strategies Committee. Your goal is to apply what you learn from classes to make sense of the passage and answer the subquestions stated at the end. "Singapore should aim to sustain productivity growth of 2-3% per year, more than double the 1% we achieved the last ten years. This will raise productivity by 1/3 over a decade. It is a challenging goal,... But raising skills and productivity is the only viable way to improve the real wages of workers, and is the best way we can help citizens with lower incomes." "We will have a deeper base of globally-competitive Singapore companies,... We will have a vibrant climate of innovation, with both new and established businesses.... To shift to productivity-driven growth... Our companies must compete by innovating, investing in their people, and creating higher value jobs... We would have recycled existing industrial land to support new, higher value activities, and established new models of resource-efficient industrial clusters... We must allow market forces to restructure our economy, providing more room for efficient enterprises to grow, and pushing less efficient activities either to upgrade or phase out. The move to higher value activities will also be supported as businesses internationalise their operations, whether to shift lower-value activities abroad or to capture new revenues and expand, creating demand for management, design, marketing and business services in Singapore." "We should plan ahead for a city that remains extremely liveable... We have to make more efficient use of our land, to optimise its economic value and preserve a sense of space in our... neighbourhoods. This will call for bold and imaginative urban planning and redevelopment."

(b) Consider the sentences between "We would have recycled existing industrial land..." and "... less efficient activities either to upgrade or phase out." Why is this possible? Use the notion of geographic fragmentation of production and the phenomenon of global supply chains to substantiate your answer.

(c) "We should plan ahead for a city that remains extremely liveable." Why is this important? If the government does not strive for livability but let it slide, how will this negligence eventually fail the industrial development strategy stated in the second paragraph?