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" "I would say that we have come a long way as a country these last 60 years. We have fought incredible odds; we have defied incredible odds to achieve this miracle called Singapore. It is a transformation beyond anyone's imagination. Now, we are in a new phase of Singapore's development. But in fact, the best chapters of the Singapore Story are yet to be written.
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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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.
I am also hopeful because I see many young Singaporeans nowadays certainly much more well informed than I was when I was their age. They read a lot more widely. They get access to all sorts of information, and they are clearer about what they would like to do in life. From the conversations, I get the sense that they would like to contribute not just to their own careers, but they would like to contribute to something larger than themselves, to a larger purpose. And I think that is very meaningful. That is a good and positive sign.
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My background is what it is. If it is helpful that it makes it more relatable to Singaporeans, so much the better. But I have no doubt like I said just now, Singaporeans are discerning and wise voters, I have no doubt that at the end of the day, they will expect me to deliver on the things that they care about – delivering a better life, delivering better standards of living for themselves and their children. And if me and my team are unable to meet up to those high expectations, if we are unable to deliver those standards, and a better team arises, then Singaporeans will choose accordingly. I have no doubt about that.