Recent financial crisis is a “hyperlink” crisis – BG Yeo

9 Dec 2008 (Tue)

THE RECENT FINANCIAL CRISIS is “hyperlink” crisis, said BG George Yeo in a speech at the Global Governance Conference at the Four Seasons Hotel, Singapore on 5 December 2008. Opportunities and problems can arise when the world is linked so closely together:

“When we talk about globalisation, we are talking about the way in which we bring different complex operating systems together. It is like the internet. The internet was an ARPA discovery. That by each operating system accepting a certain protocol, TCP/IP, different systems could interconnect even though they have different legacies and different deep programmes. Built upon this, through hyperlinks, we could communicate as if we belonged to a common system….

The recent financial crisis is a crisis of that hyperlink, or an aspect of that hyperlink. The global imbalance – so much has been written about it, this is not the subject which I am going to talk about tonight. Except that the financial crisis is a problem of the higher system which links us all together….

“If we look at globalisation today, it is really an American construct, the hyperlink – the HTML language, the XML language – is basically an American language. It is expressed in accounting rules, financial rules, the way armies are organised, industrial standards, financial standards and so on. The problem is when the US becomes excessive in this missionary zeal. Political scientists like Kissinger talk about the dual strain in American foreign policy. There is the national interest which defines the foreign policy of all countries, but there is in American foreign policy always an additional strain, a call to an American ideal, a desire to spread the word, to democratise the world. To a point, that is very attractive and to an extent it enables the world to be globalised. But beyond a point, when you start intruding into the deep operating system of particular countries or tribes, it creates problems.

“When America goes into Iraq and tries to democratise Iraqi society as if it has no legacy…

“Coming back to the issue of global governance – America has to lead, but America has to lead in a way which acknowledges the diversity of the human family…

If we are all the same, something is very wrong. Countries are different, tribes are different, cultures are different, and in global governance, the basic building block must acknowledge that diversity and that difference. But that which binds us all together, that hyperlink, that for a long time will be American in its essence.”

Note: If you’re on Facebook, see his Facebook note and read the comments there.

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Posted by J.K. in News, Possibilities, Problems, Singapore, Technology | View Comments |

Generation “We” for Singapore Malays

29 Nov 2008 (Sat)

ARE YOU MALAY, a Millennial (born between 1978 and 2000), and a New Media expert, entrepreneur, innovator, researcher, practitioner or student? Why not join this new media group for Singapore Malays set up by Hazman Aziz?

The group exists as a platform for discussion, advocacy and action to uplift, improve, and perhaps solve Singapore Malay issues using New Media.

For more details on Millennials (a.k.a Generation “We”), check out this thought-provoking American video:

It’s interesting to see how problems (in this case, various crises in the USA such as the 9/11 incident, Hurricane Katrina and the recent subprime financial crisis) can be effective triggers for deeper learning and a firmer resolve to unite and to collaborate among the young. It would be even more interesting to see if a Generation “We” New Media group could be set up across race and religions in Asia, and NOT just for Malays in Singapore. Hey, Hazman, would you be game to do this?

An extract from Sarah Burris’ blog:

GenWe was Greenberg’s project to help the Millennial Generation empower itself against much scrutiny. The book also makes the case that Millennials are:

  • Dedicated to improving the common good over individual gain, a sentiment that crosses all racial, ideological and partisan lines.
  • Reject fundamental principles of modern conservatism – primary focus on individual rights and trickle down economics.
  • Welcome innovation and are eager to establish a new paradigm.
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Posted by J.K. in Asia, Design, Possibilities, Problems, Psychology, Singapore, Social Media | View Comments |

S$50K IDM grants now available from SiTF

31 Oct 2008 (Fri)

INDIVIDUALS AND YOUNG STARTUPS in the Interactive Digital Media (IDM) industry can soon apply for S$50,000 grants from the Singapore infocomm Technology Federation (SiTF) to develop their ideas and projects towards commercialisation. The Media Development Authority (MDA) plans to support 100-150 projects yearly, announced Deputy CEO Michael Yap at the Singapore Digital Media Festival 2008 today.

Lead SiTF members like MediaCorp Pte Ltd, Microsoft, SingTel and ST Electronics (Training & Simulation Systems) have already expressed their interest in project domains such as interactive media, mobile digital media, broadcast, IPTV and open source development etc. SiTF will continue to market this program to gain greater interest from more corporations who see opportunity to partner with start ups. Through support from the industry, the mentorship programme hopes to make available up to $10m worth of project funding and support over a period of five years.

With SiTF, the IDMPO now has a network of 10 incubators to create support structures for the start-ups, including the platforms for regular pitching sessions and finding industry partners. Collectively, the incubators will nurture some 450 start-ups over the next few years. The existing incubators have facilitated the funding of some 90 projects to date, out of which 15 were completed. Thirty per cent of the completed projects have successfully received private investment.

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Posted by J.K. in Business, Singapore, Social Media | View Comments |

BG Yeo on New Media and Politics

2 Sep 2008 (Tue)

From BEYOND SG, a blog shared with Harold Fock, Singapore’s Minister of Foreign Affairs BG George Yeo wrote:

I was reminded by Ephraim that today is the second anniversary of my first blog posting two years ago. It seemed such a long time ago. Blogging and Facebook have become a part of my routine now. They help me communicate with members of a younger generation whom I don’t often meet at house-to-house visits or neighbourood get-togethers.

Writing blogs forces me to organise my thoughts into a few short paragraphs. The blogs also serve as a kind of diary. I am grateful to Ephraim and Harold for having me post on their sites. It saves me the trouble of having to maintain my own blogsite.

Facebook is an interesting new phenomenon. The interactivity gives it a certain intimacy. For those who only read, FB must function also as a kind of reality TV.

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Posted by J.K. in Politics, Possibilities, Singapore, Social Media | View Comments |

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