Singapore (PRWEB) July 08, 2011
Singapore government, while nurturing the competency of the local talent by investing in building a world class education system and by institutionalizing continuous upgrading of skills, has also ensured a diverse workforce by attracting foreign talent of highest caliber. Singapore, deprived of all natural resources, long before had realized that building a strong human resource base is fundamental to developing a knowledge based economy to distinguish itself from the regional economies.
Notably, in a recent World Bank report on Malaysian economy, it was observed that Malaysia could receive 5 times the current rate of FDI if it has Singapore's talent base. Another interesting testament to the Asian bellwether's talent supremacy is the latest Global Innovation Index (GII) by INSEAD. Singapore has jumped up four places to third position in this year's GII. Singapore has the strongest overall performance and leads the region in specific areas, particularly human capital and research. Innovation and creativity can be nurtured only when the best of talents converge.
To read the full, original article click on this link: Singapore's Dynamic Approach Towards Talent Management a Key for its Competitiveness, Says Rikvin Consultancy
