Which of the following was a goal of Singapore’s government initiatives?

The goal of restructuring the economy is crucial for Singapore's development strategy. Since gaining independence, the Singaporean government has implemented various initiatives aimed at moving the country from a reliance on low-skilled labor towards a more knowledge-based and innovative economy. This shift has involved promoting sectors such as finance, technology, and biotechnology, which require a higher skilled workforce and contribute more significantly to economic growth.

Restructuring the economy typically includes enhancing productivity, increasing competitiveness, and encouraging foreign investment, all of which have been significant components of Singapore's economic policy. The government's focus has been on education and upskilling the workforce to meet the demands of a changing global economy, aligning with efforts to become a global hub for business and innovation.

The other choices do not align with the historical and strategic goals of Singapore’s government. For instance, increasing reliance on low-skilled labor contradicts the nation's drive toward a high-tech, high-skill economy. Strengthening foreign labor policies typically aims to manage skilled labor rather than restructure the economy fundamentally. Lastly, reducing technological advancement runs counter to the goals of enhancing economic performance and moving towards a digital economy, which are pivotal to Singapore's long-term vision.