The benefits of globalisation are innumerable. It breaks down barriers, promotes free trade and economic development, creates jobs, makes companies more competitive and lowers prices for consumers, just to name a few. For Singapore with its limited domestic market, it is a pre-requisite for our economic resilience and continued relevance in the world. In a climate of ever increasing global competitiveness, Globally Competitive Companies (GCCs) are a critical engine of growth for the next phase of Singapore’s development.
As the government agency responsible for promoting international trade and the overseas growth of Singapore-based enterprises, International Enterprise Singapore (IE Singapore) works with Singapore-based companies in their various stages of growth to compete on the global stage against the very best in their industries.
How can Singapore firms tap IE Singapore’s resources? What opportunities abound and where do they lie? How badly will a slowing global economy and developments such as Brexit and the US presidential elections impact this trajectory? Will trade initiatives such as the TPP and China’s “One Belt, One Road”, if they are successful, counter these negatives sufficiently?