Charting new terrain when the trade picture is foggy

China, India and South Korea, and opens up new frontiers in emerging markets in the Gulf, Africa and Latin America.

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FROM B1

And there are channels to smoothen restructuring and maintain some macroeconomic stability, so that businesses can pivot without too much pain for workers.

Singapore has driven transformation methodically since 2016 through detailed planning via 23 Industry Transformation Maps, applying a sector-specific approach to boost growth, identify challenges and develop solutions. On most counts, the effort was successful: Investments poured in, productivity grew and median income rose.

But moving forward will require charting new terrain for the most part, when the trade picture remains foggy.