The Show with PJ Thum — Ep 6 — Singapore's Dependence on Foreign Funding and our Economic Quandary

Historian Thum Ping Tjin (“PJ”) explains how Singapore’s economy has evolved over time, how it is heavily dependent on foreign funding, and how the PAP tried to wean Singapore off foreign funding and failed miserably, leading to Singapore’s current economic quandary.

Yeoh Lam Keong and The Future of Singapore discussions:

N.B.: This video was filmed 31 January 2020.

New episodes of The Show with PJ Thum drop Fridays until May. For more, please see

Thum Ping Tjin

Thum Ping Tjin (“PJ”) is Managing Director of New Naratif and founding director of Project Southeast Asia, an interdisciplinary research centre on Southeast Asia at the University of Oxford. A Rhodes Scholar, Commonwealth Scholar, Olympic athlete, and the only Singaporean to swim the English Channel, his work centres on Southeast Asian governance and politics. His most recent work is Living with Myths in Singapore (Ethos: 2017, co-edited with Loh Kah Seng and Jack Chia). He is creator of “The History of Singapore” podcast, available on iTunes. Reach him at