In 150 to 200 words, excluding the principle of relevance, select one of the four remaining core principles of Singapore’s foreign policy and explain why is upholding this chosen principle important to citizens and residents of Singapore? Provide a specific example to illustrate this and explain your answer with relevant details. Where possible, use statistics or other research information to support your points. (E.g. you could focus on a segment of Singapore’s population or an industry when answering the question.)

The principle of a "One United People" is a core principle of Singapore's foreign policy that is crucial for its citizens and residents. This principle emphasizes the importance of unity and harmony among the diverse ethnic groups in Singapore. Upholding this principle is important as it ensures social cohesion and stability, which are vital for the country's progress and prosperity.

For instance, the government's efforts to promote racial and religious harmony have resulted in a peaceful and harmonious society where people of different races and religions live together in mutual respect and understanding. This has not only contributed to the social fabric of the nation but also to its economic success. According to a study by the Institute of Policy Studies, Singapore's racial harmony contributes to its economic competitiveness by attracting foreign investments and talent.

Moreover, this principle also guides Singapore's foreign policy decisions. For example, Singapore has consistently advocated for a rules-based international order and multilateralism, which promotes peace and stability in the region. This is crucial for Singapore, a small city-state that relies heavily on international trade and cooperation.

In conclusion, the principle of a "One United People" is not only important for maintaining social harmony and stability in Singapore, but it also plays a crucial role in shaping the country's foreign policy decisions.