How Singapore navigates a fragmented world | GZERO World with Ian Bremmer

Introduction

This tutorial explores how Singapore is navigating the challenges of a fragmented global economy, as discussed by President Tharman Shanmugaratnam in his conversation with Ian Bremmer. It highlights the strategies Singapore employs to thrive amid radical uncertainty and demonstrates how small and medium-sized countries can play an essential role in shaping a new world order.

Step 1: Understanding Singapore's Strategic Position

• Recognize Singapore's unique geographic and economic position, serving as a hub for finance, trade, and technology.
• Acknowledge the importance of maintaining close ties with major powers like the US and China.
• Identify how Singapore leverages its strategic location to facilitate international business and trade.

Step 2: Embracing a New World Order

• Understand the concept of "radical uncertainty" and its implications for global politics and economics.
• Explore how Singapore aims to construct a new world order that addresses shared challenges, such as trade and climate change.
• Consider the importance of balancing national interests with global cooperation to ensure the well-being of Singapore’s citizens.

Step 3: Future-Proofing the Economy

• Investigate Singapore's national focus on artificial intelligence (AI) and human capital development.
• Learn about the high rate of AI diffusion in Singapore (nearly 60%) and its significance for economic competitiveness.
• Examine the proactive measures taken to prepare the workforce, especially white-collar workers, for potential disruptions caused by AI.

Step 4: Ensuring Equitable Distribution of AI Benefits

• Discuss the importance of equitable access to the benefits of AI across society.
• Consider the initiatives Singapore is implementing to ensure that the workforce is equipped with the necessary skills for future job markets.
• Explore examples of training programs and education reforms aimed at enhancing human capital.

Step 5: Engaging with Global Challenges

• Identify key global challenges that require collaborative efforts, such as climate change and trade disparities.
• Understand how Singapore positions itself as a mediator and participant in these global discussions.
• Recognize the role that small and medium-sized countries can play in influencing international policies and agreements.

Conclusion

Singapore's approach to navigating a fragmented world provides valuable insights into the importance of strategic positioning, innovation, and collaboration. By focusing on AI and human capital development, Singapore is not only preparing its economy for future challenges but also setting an example for other nations. As the global landscape continues to evolve, understanding these strategies can help other countries adapt and thrive in uncertain times.