A screenshot with a block of text: Minister: The US is now a revisionist power. For 80 years, the US was the underwriter for a system of globalisation based on UN Charter principles, multilateralism, territorial integrity, sovereign equality. It actually heralded an unprecedented and unique period of global prosperity and peace. Of course there were exceptions. And of course, the Cold War was still in effect for at least half of the last 80 years. But generally, for those of us who were non-communists, who ran open economies, who provided first world infrastructure, together with a hardworking disciplined people, we had unprecedented opportunities. The story of Singapore, with a per capita GDP of 500 US dollars in 1965. Now, lit is| somewhere between 80,000 to 90,000 US dollars. It would not have happened if it had not been for this unprecedented period, basically Pax Americana and then turbocharged by the reform and opening of China for decades. It has been unprecedented. It has been great for many of us. In fact, I will say, for all of us, if you look back 80 years. But now, whether you like it or not, objectively, this period has ended. There is no point trying to assign blame or pejorative adjectives. That is not helpful. Basically, the underwriter of this world order has now become a revisionist power, and some people would even say a disruptor. But the larger point is that the erosion of norms, processes, and institutions that underpinned a remarkable period of peace and prosperity; that foundation has gone. What you are seeing now, whether you watch the war in Ukraine, in the Middle East or elsewhere, including in Asia, to me these are symptoms of the underlying tectonic rupture. Big powers and even lesser powers have a more narrow definition of national interest.
This is quite something from Singapore's Minister of Foreign Affairs, Vivian Balakrishnan, in an interview with Reuters. The end of the post-war order, diagnosed in technocratic language. www.mfa.gov.sg/newsroom/pre...
