from yahoo.com:
What Singapore’s next leader says about China, racism and expats
By Philip J. Heijmans, Joyce Koh and Ramsey Al-Rikabi
(Bloomberg) —The words of Lawrence Wong, Singapore’s finance minister, are beginning to take on greater weight since he was tapped last week to be the city-state’s presumptive
next prime minister, only its fourth since independence. On Monday, he
warned in a speech about how the world is facing a sharper trade-off between economic growth and inflation, a painful test policymakers are grappling with globally.
Read more: Google Searches Surge for Singapore’s New Leader-in-Waiting
As a window into how he might lead Singapore, here are excerpts from recent speeches and comments by Wong. While they reflect the outlook and policies of the establishment People’s Action Party, which has ruled the country since 1965, they also reveal Wong’s thinking on some of the key challenges facing Singapore, from racism and immigration, to balancing China and the U.S., to climate change and the city-state’s economic future.
Open for Business...and Immigrants
Singapore has sought to carefully balance its need for an immigrant workforce, whether it be cleaners and labourers or doctors and executives.
Speaking in Parliament in September, Wong was among several government ministers trying to make the case to wary pockets of the populace chafing under the economic pressures of the pandemic, and to assure global businesses that their investments are welcome.
“As a small island-state with no natural resources and no hinterland, the only way we can only survive and prosper is to stay open and connected.
“What is our response to these global businesses? Do we want them in Singapore or not?
“These companies can locate their functions in any other hub city, be it Hong Kong, New York or London. If we were to take a politically craven approach and impose many stringent conditions on their ability to operate here, we will lose out on many good investments. We would have fewer foreigners for sure. But many Singaporeans will also be deprived of good jobs and career opportunities. It’s like cutting off one’s nose to spite one’s face.
“Singapore will remain open and welcoming. We must. But those who do business here must also recognise the value of our workforce and abide by our rules.
“We will continue to ensure that the companies we attract and root in Singapore are those who are committed to nurturing and growing our Singaporean core. Both sides need to make the effort. Singaporeans must be big-hearted and accepting of those who are different from us. Non-Singaporeans must respect our norms and way of life, and make the effort to fit in.”
Racism in Singapore
Among the first priorities at independence from Malaysia in 1965 was creating a shared identity among the mostly Malay, Indian and Chinese citizens of the new republic. The governments has aggressively sought to tamp down tensions. Wong in
June 2021 publicly took the conversation forward in a speech at the Institute of Policy Studies and the S. Rajaratnam School of International Studies, not just reaffirming the need for harmony, but calling for greater sensitivity among the majority Chinese population and stating flatly “racism still exists in Singapore.”
“Social media has helped to create greater awareness of racism here. This has made us, especially the majority, look closely in the mirror and reflect deeper about who we are, and who we want to be.
“We must recognise that in any multi-racial society, it is harder to be a minority than a majority. This is so everywhere in the world.
“So, it is important for the majority community in Singapore to do its part, and be sensitive to and conscious of the needs of minorities. This cuts across all aspects of daily life.
“Let me be clear: I am not saying that we should refrain from voicing our unhappiness, or that minority Singaporeans should pipe down about the prejudices they experience. On the contrary, we should be upfront and honest about the racialized experiences various groups feel, and deal squarely with them.
“We must continue to speak up, and even be prepared to have uncomfortable discussions – not to start arguments, but to begin civilized discussions, listen to each other, and understand all points of view.”
Constrained Future
In March, Wong was
asked at a conference about the costs for businesses from stricter carbon taxes and labor regulations, and if implementation can be delayed further after coming out of the pandemic.
“These constraints that we are facing on labor and on carbon, they are not temporary. It’s wishful thinking to sort of hope that some point down the road we can do away with these constraints. Because we can’t. Why? Let me explain.
“On labor, so long as Singapore is successful as an economy we will always have a tight labor market, always. And I’m sure all of us want the Singapore economy to remain successful. So you can’t run away from that. Number two, carbon. If we want to do something about climate change and global warming, we have to cope with carbon as a constraint. This will always be there, in fact we have to move more decisively to reduce carbon.
“So if we understand that labor and carbon will be permanent constraints in our economy, wouldn’t it be better for us to move early, to adjust, restructure and transform our business processes to rely less on labor and to be less energy intensive?”
U.S., China and Rules-Based Order
In his maiden
budget speech in February, Wong addressed another possible disruptor to the “rules-based” order, the growing strategic competition between the U.S. and China, which is playing out in Singapore’s home field of Southeast Asia.
“We have entered a new era of greater contestation for influence between countries and blocs, which may erode the rules-based multilateral system that has been so crucial to Singapore’s success. In particular, rivalry between the two great powers – U.S. and China – has intensified, and will impact the world for the rest of the decade and more.
“In short, we are entering a future where conditions are more volatile, the global environment more unpredictable, and change more fast-paced than ever. We can and must adjust, and still excel in this new environment.”
Wong returned to the
topic on Monday, in the Q&A session, when discussing how the U.S. and China could potentially cooperate within new international frameworks.
“The Biden administration has now talked about a new Indo-Pacific Economic Framework, which we welcome and support. We hope that the framework will be effective. We hope countries will join and I’m sure there are many countries in Asia looking forward to it.
“We would strongly encourage that this is a framework that remains open and inclusive too. It’s not just about U.S. and a few countries, but as broad a range of participation as possible. Of course, you can set standards of entry, so be it. And down the road, if China were to say ‘We would like to join the Indo-Pacific Economic Framework.’ Well, if they meet the standards, why not? And if we were to have that in mind in designing our regional architecture — open, inclusive, ensuring that all the major powers have stakes in the region — I think that’s a way for us to build shared interest interdependencies, and that’s a way for us to ensure a path away from a conflict down the road.
“We are talking about what’s the best way forward in building constructive relations and ensuring that China plays a more responsive, responsible role as a major player in the new global architecture. And from that point of view, I would say that given China’s weight in the global economy now, certainly, the issues of representation in these institutions are relevant.”
Also during the
Q&A session at the business conference in March, Wong addressed Russia’s invasion of Ukraine, and how that threatened the independence of sovereign states, no matter their size.
“From a broader macro perspective and from a longer term perspective, we are concerned about what this means for broader geopolitics and what this means for the world. Will we, with this event happening, be entering a more divided, a more bifurcated world? Will we start to see a world where increasingly it’s more about might being right and an erosion of the international rules-based order that has enabled small countries like Singapore to thrive and prosper? These are our concerns.
“These are important for us because they they will impact Singapore’s future. And that’s why we have taken a strong stance in our approach toward this crisis because it does affect our core interest.”