See: Biden widens lead over Trump
“One of the biggest challenges for the US going forward is how can it maintain his leadership in the world by mobilizing like-minded partners to work together to uphold and update the global economic and security order.”
Chan’s comments come with Democratic candidate Joe Biden closing in on the 270 Electoral College votes needed for the presidency and incumbent Donald Trump filing legal challenges to stop ongoing vote-counting in several states.
Other key points from Chan’s interview include:
- Renewed lockdowns in Europe are having an impact on Singapore’s trade-reliant economy, which will see a “gradual and uneven” recovery from the pandemic recession
- While sectors such as communications technology are well-positioned for the post-Covid economic order, others – like convention-oriented tourism and entertainment – will need to change their business models to succeed
- The minister sees a risk of “fragmentation or bifurcation” in the global economic system
- Singapore’s first priority is to reopen its economy “safely and sustainably,” then to re-establish connectivity with other countries
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