In 2017, the highest number of individuals (22,102) in the last 10 years were granted citizenship while 31,050 people were granted permanent residency in Singapore. The number of permanent residents increased steadily from 287,500 to 527,000 in 2010. Immigration is key to Singapore's development, introduced to address the challenges of an aging population and our future economy, as well as helping Singapore move towards the goal of becoming the "talent capital" of the global economy. Say no to plagiarism. Get a tailor-made essay on "Why violent video games should not be banned"? Get an original essaySingapore is now facing a society's challenge age and an aging population. By 2030, the number of working-age citizens compared to those aged 65 and over will fall from 5 to 2, causing a shrinking workforce and making it difficult to maintain a workforce. ideal economy. The aging population will cause a drag of 1.5 percentage points on the growth of gross domestic product per capita every year until 2060, the social costs of caring for the elderly population will increase as well as the decline in the productivity of the workforce. due to the imbalance between the skills of the local population and the continuous changes in market demands. Immigration contributes 20,000 to 25,000 new citizens each year, so it remains important in minting new citizens to increase the population quantitatively to ensure that Singapore can continue to introduce and expand businesses, contributing to greater economic growth (today) despite contractionary forces Work. Foreign talent also constitutes a greater supply of workers that allows companies to achieve higher returns on capital and increase investments. Immigration has made up the people in Singapore. Usually from the second generation onwards they will feel a sense of belonging in Singapore, where these younger immigrants help add dynamism to entrepreneurship and broaden the tax base. Furthermore, immigrants who join the workforce will contribute to the economy just like Singaporeans, paying through fair shares of taxes such as income and property tax, CPF payments and the GST which also reduces the tax burden on citizens ( independent). In addition to helping stimulate new ideas and innovations that fuel a vibrant economy with job creation, the contributions of foreign talent are important as some care for the sick and care for the elderly, build homes, roads and maintain our properties. Singapore has achieved remarkable achievements in moving from third world to first and cultivating successful world-class industries such as petrochemicals, which have credit and rely heavily on foreign talent to expand into these areas. As Singapore is renowned for its strategic geographical location and efficiency as a business hub, the government wants to take a further step towards industrialization with advanced technologies to cope with global competition. According to TODAY Singapore, despite planning to focus on information technology, tech and e-commerce startups say they face a severe shortage of skilled workers in engineering, communications technology, data analytics and cybersecurity (time pressure) . Therefore, it is beneficial for Singapore to attract foreign talent skilled in these aspects to boost emerging industries before local talent can be built in these areas when they eventually migrate here. Moreover, because of resentment.