ABSTRACT

This chapter considers a third cornerstone of Singapore's connectivity as a global city: its ability to coordinate and service maritime trade flows and the associated global risks. Global risks in the form of negative penetrative flows are highlighted that ironically depended on a global city's critical infrastructure to circulate: global financial crises and pandemics which were largely un-attributable, and the more deliberate exploitation of the financial system by terrorist financiers. The World Economic Forum's Global Risks Report 2012 classified Weapons of Mass Destruction (WMD) proliferation and terrorism as global risks of humanity's making. Both these risks manifest a maritime dimension and has pinpointed in Ulrich Beck's works but he has hardly commented on the implications for global cities. Attacks or disruptions at core maritime gateways such as Singapore with their port hubs would derail the global maritime transport infrastructure through far-reaching ripple and cascade effects.