For Singapore, it is a very simple calculation :-
Singapore will calculate and add up the sum :-
(i) Economically, what is the best way we can survive and thrive
(ii) Security wise, what is the best way Singapore can be safe and secured.
With the above 2 calculation, Singapore will take a calculated risk ---- for the sake of National Interest.
This is the way going forward is how we need to re-calibrate and adjust as the International political and economic scene evolved.