Singapore won't take sides in geopolitical conflicts and will instead take positions that support the rule of law, the country's Education Minister Chan Chun Sing said in his keynote address at the Morgan Stanley Asia Pacific summit in Singapore on Wednesday.
"With interdependence comes risk, but a fragmented world with less interdependence, where people and major countries believe that they can enhance their security, and indirectly aggravate the insecurities of another country, that cannot be a win-win situation," Chan said. Chan said if fragmentation continues, countries and companies will perform less than optimally, "rather than ... enjoy the last 50 years of rapid growth based on a globally integrated system."
Source: Law Daily Report (lawdailyreport.net)
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