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Does Singapore need foreign talent?

Our chosen research topic is "Does Singapore need foreign talent?".
The reason why we chose this topic is because there have been many Singaporeans who were upset over the fact that the government has let in many foreigners into Singapore to work for Singapore and in turn, become citizens. 

Over the large inflow of foreigners, locals have complained that the competition over jobs and housing possession have increased. This has caused a huge dissatisfaction over the government's choice to allow foreigners to enter Singapore.

One very recent example of foreign talent would be Feng Tianwei winning the bronze medal at the London Olympics, which has sparked a debate on whether Singapore needs foreign talents.

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