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Former Member of Singapore’s Parliament and top civil servant Lim Hwee Hua has used her active role in this perennial issue to show just how complex the arguments can be.

She answers a list of recurring questions, dealing with the why, when, what and wherefore which public officials, managers of state-owned enterprises and businessmen will find useful when formulating policies, or in their dealings with one another.

The numerous examples she cites from all over the world, of governments’ dreams and nightmares, illustrate factors peculiar to particular situations, but all raise degees of risk best resolved with honesty, particularly with regard to who benefits the most from a decision to get in or out. As Lim explains, the answer can sometimes come as a shock.