No one should underestimate the enormity of the challenges the city-state will face in the coming years. Some of the fundamental prerequisites for Singapore’s well-being will be at risk — such as a peaceful world and continued globalisation. But neither should we be fearful. After all, Singapore has faced down many challenges over the past 60 years of independence. Much will hinge on how we use our still formidable strengths to protect ourselves from what will go wrong while leveraging off some of the factors that remain supportive in our environment.
How the city-state can continue to prosper as peace, free trade and continued globalisation come under threat
Andy Grove, the long-serving CEO of Intel, wrote that only the paranoid will survive. Given our times, his advice is probably a helpful starting point as we think about Singapore in the coming years.
