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Committee of Supply 2021 debate, Day 3: Hoon Hian Teck on creating dynamic comparative advantage

06:28 Min
In Parliament on Tuesday (Mar 2), NMP Hoon Hian Teck asked how Singapore would navigate a world of fractured globalisation. The answer, he said, lies in creating "dynamic comparative advantage" as a small, open, innovation-driven economy. He cited several potential sources of comparative advantage amid the current climate, including a "home market" effect, globalisation through digitalisation and clean technology. In addition, he pointed out that spurring innovative activities could help Singapore overcome fractured globalisation.
In Parliament on Tuesday (Mar 2), NMP Hoon Hian Teck asked how Singapore would navigate a world of fractured globalisation. The answer, he said, lies in creating "dynamic comparative advantage" as a small, open, innovation-driven economy. He cited several potential sources of comparative advantage amid the current climate, including a "home market" effect, globalisation through digitalisation and clean technology. In addition, he pointed out that spurring innovative activities could help Singapore overcome fractured globalisation.

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