The external environment is indeed a big concern for us because even as we go about leadership transition and entering our next phase of development, we are doing so at a time when the world is changing, and it is going to be a new global order, which is likely to be very messy and unpredictable, because the world is in flux. The unipolar moment for America has ended. Everybody talks about going into a multipolar world but it is not quite at a stable equilibrium yet. And this period of transition will be very messy, a lot will be marked by nationalism, protectionism, excessive nationalism – nationalism itself is not a bad thing – but excessive nationalism, very aggressive nationalism, protectionism, rivalry between the major powers. The pattern of globalisation that we have benefited from in the last 30 years will also be very different.
Prime Minister of Singapore since 2024
Lawrence Wong Shyun Tsai (Chinese: 黄循财) (18 December 1972) is a Singaporean politician, economist and former civil servant who has been serving as the fourth prime minister of Singapore since 15 May 2024 and the minister for finance since 2021. A member of the governing People's Action Party, he has been the Member of Parliament (MP) representing the Limbang division of Marsiling–Yew Tee GRC since 2015, and previously the Boon Lay division of West Coast GRC between 2011 and 2015. He is the first prime minister born after Singapore’s independence in 1965.
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Today, Singapore is at a high economic level, compared to most other countries. By international standards, we have built excellent systems of education, housing, healthcare and transport. But our circumstances are changing, technology is advancing and our population is ageing fast. So we cannot afford to cruise along. We must continue to do our best - to improve, upgrade and transform Singapore. I am convinced we can and we must, do better