PM Lee: That has been the subject of a lot of attention. We have a Committee on the Future Economy, chaired by Heng Swee Keat, Finance Minister, to develop strategies to deal with these challenges. The Committee has reported and we are now following up to implement the strategies. We are facing the same challenges as many other developed countries, which is that change is rapid, that is disruptive, that we need to master new technologies, and we need to be able to do it with people who are already in the workforce – middle-aged, and not just young people in school. So, getting our education system to produce people with the right skills is an important part of it. And that we have always been doing. But to upgrade and refresh the skills of the people who are already in the workforce, so that you can with confidence, change your career and take up a different job and maintain your employability, be still able to find work. I think that is something that which we have put a lot more emphasis on in recent years. We call it SkillsFuture. And it is not just running courses but having the framework to have the courses fit into one another, be recognised by the employers, and to fit in with your work, your career and your training, so that it is complementary and it is not a completely divergent activity.

So that is one important part. The other important part of it is to get the industries and the different sectors of the economy up to speed, and to cope with the transformation. You have here to deal in a very tangible and concrete way with individual industries, individual firms, and not just in a stratospheric, macro, philosophical approach. You need to have a specific sense for each industry -- what are the skills which are needed, what are the market areas which can be exploited, what are the changes which the companies need to make, how can we help the companies to achieve these changes. And if there has to be some rationalisation, how can we help them to shake out and make it less painful. So, we are going industry by industry with transformation maps. And we are planning to make 23 of these transformation maps; we have already got a good number of them, and we will work closely with the industries to help to make this happen. If you take a laissez-faire approach and say I just fold my arms, the Government does not know any better, that it all sort itself out, but we do not think that that is the right thing to do, and we think that the Government has a constructive and active role to play, and we will do that – working with the industry and fostering the change rather than obstructing it.