Singapore at 61: How we can ensure opportunity, security and ownership for the next generation

In this commentary, co-authors Prof Euston Quah, Albert Winsemius chair professor of economics and director of the Economic Growth Centre at NTU and Dr Eugene Or, a lecturer at SUSS argue that the government’s most important role is to expand opportunities through quality education, healthcare, skills upgrading and meaningful employment, while providing strong social safety nets for those facing hardship. One way to do so is through universal basic capital (UBC). It gives every Singaporean an ownership stake in productive assets rather than relying solely on direct cash transfers. Owning productive assets can strengthen citizens’ sense of belonging. Singaporeans become stakeholders in the nation’s continued success rather than merely beneficiaries of government support.

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