|
Mr Obama cannot undo free-trade initiatives signed by previous presidents, 'which would inhibit any significant shift towards protectionism under president-elect Obama', said Dr Alan Chong, assistant professor at the Department of Political Science at the National University of Singapore.
Also, compared to his vanquished rival, Republican John McCain, Mr Obama is 'generally seen as being more willing to take aggressive fiscal-stimulus measures' to fight economic woes, said Citigroup economist Kit Wei Zheng.
This 'may help to cushion the depth and duration of the likely US recession', he added.
And given the importance of the US economy to Asia and Singapore, this sounds like reason to cheer.
But a question mark may hang over the issue of human rights.
Democratic presidents have been more likely to pursue a human- rights agenda, noted Dr Chong, and Mr Obama may sometimes seem to be speaking of 'using human rights as a centrepiece for his foreign policy'.
If so, should another Michael Fay or Christopher Lingle affair blow up, Singapore could be in for rough weather, he noted.
|