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The recent statements by Foreign Minister Dr Vivian Balakrishnan during the Annual Diplomatic Seminar at the Portuguese Ministry of Foreign Affairs illuminate the fundamental principles that have driven Singapore to its present position as a symbol of triumph, skillfully manoeuvring through the challenges of independence and globalisation.
Firstly, Singapore attributes its success to a hardworking and disciplined population. The human factor has been a critical element, driving the nation’s progress over the past six decades. The ethos of diligence and discipline has permeated the fabric of Singaporean society, forming a solid foundation for economic prosperity.
Secondly, the harmonious relationship between labour, employers, and the government has been a unique catalyst for success. The tripartite structure, fostering collaboration and understanding between these entities, has set Singapore apart. This cooperative model has not only contributed to economic growth but has also created an environment conducive to innovation and development.
Thirdly, Singapore’s focus on rapidly developing first-world infrastructure has attracted foreign investors. The foresight to build a modern and efficient infrastructure early on positioned Singapore as an attractive destination for global investments. This strategic decision laid the groundwork for economic growth and prosperity.
The fourth element contributing to Singapore’s success is a strong rule of law. The predictable legal framework provided a stable environment for businesses and investors, making Singapore an appealing global hub. This commitment to the rule of law has been a cornerstone of the nation’s economic success.
Forced into globalisation in 1965, Singapore embraced the opportunities it presented. The nation opened its doors to investments from around the world, welcoming technology, expertise, and connectivity. This forward-thinking approach propelled Singapore into the global arena, fostering economic growth and development.
Multilateralism and internationalism have been imperative for Singapore’s foreign policy. Active participation in organisations like the United Nations reflects a commitment to global cooperation. Singapore has played a significant role in discussions on cybersecurity, artificial intelligence (AI), climate change, sustainability, and marine biodiversity.
These engagements underline Singapore’s belief in the importance of multilateralism and international law. AI, quantum computing, synthetic biology, and renewable energy mark an inflexion point in history. The mastery of these technological breakthroughs will confer disproportionate economic and strategic power on the countries or regions that lead the way.
The Minister urged nations to recognise the significance of technological advancements. The race to master these technologies has far-reaching implications for global influence. Singapore positions itself at the forefront of this technological revolution, emphasising the importance of staying ahead in the fields of AI, quantum computing, and other cutting-edge fields.
Minister Vivian stressed the transformative power of technology. He believes in a collective focus on harnessing the potential of AI, quantum computing, synthetic biology, and renewable energy for the betterment of humanity.
Additionally, Singapore’s success story, rooted in a disciplined population, collaborative tripartite relationships, strategic infrastructure development, and a commitment to the rule of law, serves as a blueprint. As the world stands at the crossroads of technological advancements, nations must heed the call to embrace innovation, cooperation, and progress for a more promising future.
The Minister expressed the view that a new global convention is necessary for both AI and cybersecurity. He emphasised the importance of collective efforts, stating that while small countries cannot unilaterally dictate rules, they can collaborate to establish a fair, predictable, and consistent regime for all nations.
