ABSTRACT

This chapter argues that Singapore's experience of rapid social change is not uncommon in other countries. The development of skills and training of citizens are essential in building human capital for the digital age. The process of social and economic transformation in Singapore is rapid. The digital age accelerates the dynamism and development of cities. Technology is a powerful and ubiquitous force for change and progress. In cities, the digital age has intensified the working of market forces. Technology also threatens traditional employment models, which have typically been the source of stable jobs for many people. Companies like Uber and Airbnb are bringing down the costs of transactions. It is important to note that technology cannot substitute some domains of the social life. Strings of code can broker more efficient transactions but they cannot replace the human spirit. Singapore hosted the Southeast Asian Games, the largest sporting event in the region, in June 2015.