SINGAPORE (Jan 28): How do you keep an economy growing? The earlier interpretation of Singapore’s strategic role starting from Raffles’ time to even today was Singapore’s actual physical location in the region, and not so much in the world. Because of that, you saw the rise of Singapore as a trading centre, to manufacturing sector, to petroleum refining, and to the Asian dollar market. So, it is really based on Singapore’s role within Southeast Asia. That I think everyone recognises is no longer really viable.

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