In fact, Singapore is not the only country to implement unprecedented measures to assist her people during the gobal financial crisis. USA, for instance, rolled out its US$700 bn rescue plan while China unveiled its $586 bn stimulus package.
In light of the global financial crisis, would it encourage protectionist measures? Or would the global crisis be resolved through partnership and co-operation among the nations? Hopefully, it would encourage countries to work hand in hand in times of hardship. Perhaps, this global recession would highlight the importance of global cooperation. Who knows?
For more information on Resilience Package, visit http://www.singaporebudget.gov.sg/speech_toc/index.html