The Institute of Policy Studies presented annual flagship Singapore Perspectives Conference on Monday, 28 January 2019. The theme of SP2019 is «Singapore. World». It considered recent geopolitical developments, their trajectory for the coming years and implications for Singapore South-Asia region. Questions are being asked about the benefits and costs of globalisation across the world. Populist nationalism, with the attendant attractions of protectionism and rejection of multilateralism and international law and treaties, could increasingly be brought to bear on the foreign policy of key states. To complicate but also ameliorate this complex state of affairs, the US and China, together with the rest of the world, are much more integrated today than during the Cold War, with dense and entangled networks of economic production and exchange, and information and people flows. This is powered by technological advances that are accelerating beyond the understanding of most individuals or organisations.
There remain important areas of shared concerns — for instance, the proliferation of weapons of mass destruction, and terrorism, international financial stability, and climate change. These issues should promote cooperation but may also become sources of friction. What are the implications for small states like Singapore and countries in Southeast Asia? If effective statecraft is to mobilise all national resources necessary to preserve a nation’s sovereignty, security and prosperity, how should countries respond to these geopolitical, economic, and technological challenges? Challenges to state sovereignty now extend beyond the military and political, to indirect How well has Singapore dealt with the US and China, and how must it change and adapt its posture to meet current and future challenges? What is the long-term perspective it should take? Is Singapore society organised and resilient enough to meet these challenges resolutely? What do Singaporeans need to understand? PANEL II Singapore and International Economics The United States still dominates global economy, although its share of world GDP had fallen to 24.32 per cent, while China’s had risen to 14.84 per cent in 2017.
Chairperson
Mr Gabriel Lim
Permanent Secretary Ministry of Communications and Information
Speaker
Mr Chng Kai Fong
Managing Director Economic Development Board
Speaker
Mr Lee Chee Koon
President & Group Chief Executive Officer CapitaLand Limited
Lee Kuan Yew School of Public Policy
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