Singapore: Facing Challenges Together Gunnar Trumbull Even before the pandemic, Singapore's growth had slowed because of the US-China trade war and the slowing of the world economy. Productivity growth had lagged for years, and social frictions had worsened as income gaps widened. With Prime Minister Lee preparing to leave office after three successful terms, Heng Swee Keat, the Finance Minister, would assume the prime ministership. But now, the Covid-19 virus was laying Singapore low, despite its vigorous response. Given the country's considerable financial reserves and its position as an major assembler and re-exporter, Singapore would no doubt recover; but to what? Given the likely de- globalization that would intensify, Keat would need to carefully rethink his nation's economic strategy.Assignment Questions: 1. How did Singapore achieve extremely high economic growth rates after 1965? 2. Is de-globalization serious enough to undermine Singapore's development strategy? 3. Case Singapore: Facing Challenges Together is enclosed https://www.dropbox.com/s/lq48vr2jse8hacf/Singapore%20-%20Facing%20Challenges%20Together.pdf?dl=0