Economic Development

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1. Why is there a need to attract foreign talent into Singapore?

To compete with locals for jobs

To provide expertise that Singapore lacks such as arts and crafts

So that Singapore will remain multi-ethnical

Because there is a lack of foreigners in Singapore

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3. How does Singapore promote local entrepreneurship?

Give talks on benefits of starting your own business

Provide loans to entrepreneurs

Give recognition to outstanding entrepreneurs and inspire other entrepreneurs to achieve greater success

Do not declare bankruptcy on those who have failed in their business

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