Minister Balakrishnan Calls for Inclusive Networks to Mitigate Global Divisions
As tensions between the US and China escalate, Singapore is advocating for “open and inclusive” technology supply chains to counteract the economic bifurcation caused by the US’s semiconductor restrictions on China. Minister for Foreign Affairs Vivian Balakrishnan highlighted the negative impacts of such divisions, including inflation, supply chain disruptions, and slower technological advancements, which he warned could further destabilise global systems.
Speaking at a recent event on November 9, Balakrishnan proposed a multilateral network for science, technology, and supply chains as the solution. He described Singapore’s approach as “overlapping circles of friends,” a strategy aimed at fostering cooperation without forcing countries to choose sides in the growing rivalry between the US and China.
The US expanded its restrictions on China’s access to advanced semiconductor technology last month, heightening concerns in Southeast Asia, where countries like Singapore have significant economic ties with China. China has accused the US of politicising technology and trade, claiming that the US’s efforts to impose a “technology blockade and de-coupling” are designed to undermine China’s economic rise.
While Balakrishnan acknowledged the US’s security concerns about China’s technological advancements potentially strengthening foreign militaries, he argued that the new US controls amounted to “almost a declaration of a technology war.” He cautioned that the lack of strategic trust between the two powers could lead to a dangerous cycle of escalation.
