PM Lee: Globalisation still has a lot going for it, and has benefited everybody in Singapore

The Singapore prime minister noted that deglobalisation has been underway for some time. - The Straits Times/ANN

SINGAPORE, March 14 (The Straits Times/ANN): Globalisation may be under pressure, but there is still a lot going for it, and the imperative for countries to cooperate is not going away, said Prime Minister Lee Hsien Loong.

Globalisation has also benefited everybody in Singapore, he said, adding that if the country did not have multinationals or the international trade it did, and were not as open as it is, there is "no doubt all of us would be worse off".