Forbes.com, 27 Jun 2009, Reuters
SINGAPORE, June 28 (Reuters) - Resourceful, but resource-scarce, Singapore has nimbly changed with the times in its first 50 years of self-governance.
But the global economic slowdown has thrown the trade-dependent city-state into its worst recession and issues from unemployment to huge losses at two sovereign wealth funds have set fresh challenges for the People's Action Party (PAP), which marked a half-century in power this month.
Analysts say future risks include political change after the current generation of ageing leaders, possibly even from a split in the ruling party, and external threats such as conflict with neighbours and competition from cheaper manufacturing centres.
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