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" "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.
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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With Ukraine and the Russian invasion of Ukraine, we were very clear, this was a very egregious breach of the United Nations Charter, a breach of territorial sovereignty and integrity. And if invasions like this can be justified on the basis of historical errors and crazy decisions, the world will be a much less safe place, and we will be very vulnerable. And that is why even though there wasn’t a United Nations Security Council Resolution, we decided to take steps to impose sanctions, which we did. No other ASEAN country has done this; many other countries in the global south have not done this. But we decided to take this step, because it crosses and breaches some very fundamental principles, which we believe in and uphold.
Knowing what to do does not mean that the leader must have all the answers, but certainly the leader can listen to advice, get views, but eventually the leader must say this is the way forward, because if you are not even able to articulate and express this way forward, then there is no need for a leader to exist. So knowing what to do is important, but the second part is equally important. You have decided after a process or whatever it is, this is the best way forward. How do you get everyone to come around to agreeing with you and bringing everyone on the same page and say, let us move this way. That is not easy to do too, that requires communication, it requires persuasion, it requires ways to inspire people, engage people, motivate them and get everyone on the same page. A
China certainly looks at the US as trying to contain, encircle, and suppress them, and trying to deny them their rightful place in the world. It is not just the leadership who thinks like that. I think if you talk to a lot of the Chinese officials, they feel the same way, they feel that there is this containment to put China down. There is that sense and for every action, there will be an opposite reaction. And so China you will see, trying to find ways to get out of that containment; to make sure they become technologically self-reliant. At the same time, China has been through phases of their development where they talk about standing up, getting rich and now being strong. They see themselves as a strong country, their time has come and they want to be more assertive in their national interest, including their national interest overseas. But there too, China will have to learn – as all big countries do – that if they overdo it, if they push their way around, coerce, squeeze or pressurise other countries, it will engender a backlash – including in the region. That is why they cannot go too far, and they will have to learn that lesson – it is a lesson that all big countries go through.