ORAL VIDEO PRESENTATION

Duration: 10 - 15 mins

Slide Number Dialogue

INTRODUCTION

Slide 1 Tyche: Good day, everyone! We are Group 4 and today's discourse revolves around
the captivating case study of the Lion City, Singapore, a nation renowned for its
meteoric economic ascension. We'll be conducting a granular analysis of the strategic
pillars underpinning its success, specifically its foreign policy and economic
development architecture. Through a rigorous examination, we'll unveil the core tenets
that have propelled Singapore's emergence as a global financial and trade hub.
Furthermore, we'll engage in a thought-provoking exploration of potential areas for
future optimization, including fostering deeper regional integration and cultivating a
robust ecosystem for innovation. Prepare yourselves for a captivating exploration into
the heart of Singapore's strategic brilliance!

BACKGROUND

Slide 2 Tyche: But before dwelling on its contemporary foreign and economic policies, let’s
get to know Singapore further. Singapore, a Southeast Asian island nation, punches
above its weight on the global stage. Geographically, it's a tiny island nation located
at the southern tip of the Malay Peninsula, offering a strategic gateway between the
Indian and Pacific Oceans. This connectivity has fostered a vibrant trade culture for
centuries. Culturally, Singapore is a melting pot of ethnicities and influences. The
majority population is Chinese, with significant Malay and Indian minorities. This rich
tapestry is reflected in its languages, cuisine, and traditions. Despite its modern facade,
Singapore retains a strong sense of Asian heritage, evident in its festivals, architecture,
and customs.

SUMMARY OF FINDINGS ABOUT THE CONTEMPORARY FOREIGN AND ECONOMIC POLICIES

Slide 3 Tyche: Having to know more about Singapore, I believe we are now ready for the
discussion of the summary of Findings about the contemporary foreign and economic
policies. To expound further regarding this topic, I’ll now give the floor to

Small State Security Ann Ghe: [basahin muna ang nasa ppt] Due to its small size and lack of resources,
Singapore prioritizes neutrality, active diplomacy, and a credible military to deter
aggression. This strategy, coupled with economic strength and investment in soft
power, has allowed them to thrive in a world where bigger isn't always better.

Multilateralism James: [basahin muna ang nasa ppt] This collaborative approach serves a two-
pronged strategy: ensuring regional stability and bolstering economic cooperation. By
advocating for peaceful resolutions to conflicts through the UN and ASEAN, Singapore
fosters a secure environment conducive to its economic well-being. Additionally,
Singapore leverages these organizations to champion free trade agreements and
regional infrastructure projects. This not only strengthens Southeast Asia's economic
integration but also creates a more attractive environment for foreign investment,
directly benefiting Singapore's position as a major trading hub. Essentially, Singapore's
commitment to multilateralism fosters a peaceful and prosperous neighborhood,
which in turn translates to a secure and thriving Singaporean economy.

Economic Security Ferdinand: [basahin muna ang nasa ppt] To ensure its national security, resource-
scarce Singapore prioritizes a robust, open economy. By negotiating FTAs and
promoting itself as a global trade and investment hub with top-notch infrastructure,
skilled workers, and a stable environment, Singapore attracts foreign investment. This
not only expands markets for its businesses but also fosters diversification, innovation,
and financial strength. Ultimately, Singapore's economic success translates to
geopolitical influence, allowing it to advocate for its interests and regional stability.

Kean: [basahin muna ang nasa ppt] Singapore's export-oriented powerhouse thrives
Export-Oriented Policy on a pro-business environment with low taxes, minimal regulations, and a skilled
 workforce, attracting foreign investment that fuels exports and fosters specialization,
efficiency, and integration into global value chains. This approach drives economic
growth but necessitates constant adaptation to navigate external shocks and regional
competition.

Bryan: [basahin muna ang nasa ppt] A fervent advocate of free trade, Singapore
Free Trade actively negotiates on open markets and minimal trade barriers giving its businesses
preferential access to vast markets. This not only fosters a stable global trading
environment but also attracts foreign investment and innovation, ultimately driving
economic growth and job creation. However, Singapore must navigate protectionist
sentiment and competition from other countries to maintain its edge in the globalized
marketplace.

Kimboy: [basahin muna ang nasa ppt] Recognizing the limitations of a resource-
Innovation & Diversification scarce nation, Singapore is strategically shifting its economic focus beyond
manufacturing. By investing heavily in R&D across biomedical sciences, ICT, and
engineering, Singapore fosters a culture of innovation and attracts top talent. This fuels
the development of knowledge-based industries like finance, technology, and
professional services. This diversification not only creates high-value jobs and boosts
economic growth but also reduces dependence on manufacturing and positions
Singapore for a competitive and prosperous future.

Russel: [basahin muna ang nasa ppt] In essence, Singapore's foreign policy, built on
Conclusion of the three pillars of small state security, multilateralism, and economic security form a
Foreign Policies virtuous cycle. By prioritizing security through multilateralism and a strong economy,
Singapore fosters a stable and prosperous environment that allows it to continue
pursuing its foreign policy goals effectively. However, it's important to acknowledge
the potential downsides. Remaining agile and adapting to the evolving global
landscape will be crucial for Singapore to maintain its success.

Tyche: [basahin muna ang nasa ppt] Singapore's economic policies, built on a
Conclusion of foundation of export-oriented growth, free trade, and innovation and diversification,
Economic Policies have demonstrably yielded impressive results and have propelled the nation into a
global powerhouse. However, the challenges require ongoing attention. Balancing the
need for growth with social equity, fostering domestic innovation alongside attracting
foreign talent, and diversifying further to mitigate external shocks will be crucial for
Singapore's continued economic success.

Tyche: While Singapore's current policies have been highly successful, here are some
recommendations for navigating the evolving global landscape

RECOMMENDATION

Deepen Regional James: [basahin muna ang nasa ppt] To ensure continued prosperity, Singapore must
Integration deepen regional integration with ASEAN neighbors. This requires advocating for further
trade and investment liberalization, streamlining cross-border trade, and promoting the
free flow of skilled labor within ASEAN. This creates a larger, more attractive market for
all members, boosting regional economic growth and attracting foreign investment.
Additionally, Singapore should collaborate with ASEAN on shared challenges like
environmental sustainability, infrastructure development, and technological
advancement. Joint efforts on renewable energy, regional infrastructure projects, and
knowledge sharing can create a more resilient and technologically advanced ASEAN.
By playing a leading role in regional integration, Singapore strengthens its geopolitical
influence and positions itself as a key player in a prosperous and sustainable Southeast
Asia.

Embrace New Partnerships Russel: [basahin muna ang nasa ppt] To thrive in a changing world, Singapore must
strategically diversify its economic and political connections beyond ASEAN. Emerging
economies in Africa and Latin America offer vast resources and untapped potential.
Singapore should leverage its expertise through trade deals and joint ventures, while
strengthening ties with established powers for stability. This diversification ensures
market access, resource security, and global influence for Singapore's prosperous
future. By embracing new partnerships while nurturing existing ones, Singapore can
diversify its markets, access crucial resources, and solidify its position as a key player in
the evolving global order.
Cybersecurity & Digital Bryan: [basahin muna ang nasa ppt] To navigate the complexities of a digital world,
Governance Singapore must assume a leadership role in promoting international cooperation on
cybersecurity and digital governance standards. By fostering information sharing,
capacity building, and establishing responsible behavior norms in cyberspace ,
Singapore can work with other nations to create a safer digital environment. This
leadership, with a focus on multi-stakeholder collaboration and balanced regulations,
will not only enhance global security and foster innovation but also elevate
Singapore's international influence and shape the future of the digital landscape.

Nurturing Innovation Ann Ghe: [basahin muna ang nasa ppt] To ensure its future as a global innovation
hub, Singapore must prioritize innovation. It needs to supercharge local startups with
funding, incubation programs, and regulatory flexibility. Attracting top talent in key
fields through competitive packages and streamlined immigration is crucial. Finally,
fostering a culture that embraces calculated risks, collaboration, and open innovation
is essential. This focus on innovation will fuel Singapore's competitiveness, economic
diversification, and global talent pool, ensuring its future as a leader in the ever-
evolving world.

Addressing Income Ferdinand: [basahin muna ang nasa ppt] To ensure an inclusive and sustainable future,
Inequality Singapore must tackle income inequality. This requires prioritizing targeted social
programs like progressive taxation and affordable housing, alongside investments in
early childhood education and skills development. Addressing wage inequality
through stronger unions or a minimum wage is also crucial. By creating a more
equitable society, Singapore fosters social cohesion, boosts economic growth, and
strengthens its global competitiveness.

Green Economy Kean: [basahin muna ang nasa ppt] To secure an ecologically sound future,
Singapore must champion the green economy. This means ramping up investments in
solar, wind, and green hydrogen technologies. Singapore should incentivize
businesses to adopt sustainable practices by offering green financing and carbon
pricing tools. Building green infrastructure, including energy-efficient buildings and
clean transport options, is essential. By taking these bold steps, Singapore can ensure
environmental well-being, unlock new economic opportunities, and become a
recognized leader in the green economy.

Invest In Human Capital Kimboy: [basahin muna ang nasa ppt] To thrive in the digital age, Singapore must
continuously invest in its human capital. This means revamping education with a focus
on STEM, critical thinking, and digital literacy. Upskilling and reskilling initiatives
alongside a culture of lifelong learning are essential. By prioritizing these investments,
Singapore can build a highly skilled and adaptable workforce, ensuring its
competitiveness, fostering innovation, and promoting social mobility in the digital
economy.

Tyche: By embracing social innovation through funding and grants, regulatory

framework, collaboration hubs, and public recognition, Singapore can become a
leader in tackling social challenges, unlocking economic opportunities, fostering
inclusivity, and building a more resilient and prosperous future for all.

Tyche: Singapore has a strong track record of successful foreign and economic
policies. However, to maintain public trust and support in the long run, proactive
communication and transparency from the government is crucial. Through this,
Singapore can ensure informed public participation and continued support for its
foreign and economic policies.

OTHERS

Documentation

Group Leader &

Group Members

References

OUTRO