Singapore and Asia in a Globalized World: Contemporary Economic Issues and Policies

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More About This Textbook


This book is a spin-off from a highly successful seminar series jointly organized by the Division of Economics of the Nanyang Technological University (NTU) and the Ministry of Education (MOE) of Singapore. The seminars discuss contemporary domestic and regional economic issues and public policies that are relevant to the everyday lives of Singaporeans. The wish to introduce these economic issues to a broader audience outside the confinement of a lecture theatre, came to fruition, with the completion of this book.
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Product Details

  • ISBN-13: 9789812815576
  • Publisher: World Scientific Publishing Company, Incorporated
  • Publication date: 9/28/2008
  • Pages: 232
  • Product dimensions: 6.10 (w) x 9.00 (h) x 0.90 (d)

Table of Contents

Foreword v

Part I Public Policies and Economic Issues of Singapore 1

1 Transformation in the Singapore Economy: Course and Causes Lim Chong Yah 3

2 Innovation, Markets and Economic Growth: A Symbiosis Lam Chuan Leong 25

3 Macro Objectives of the Central Provident Fund (CPF): A Review Chew Soon Beng Rosalind Chew 35

4 Monetary Policy in Singapore: A BBC Approach Peter Wilson 63

5 Capital Accumulation, Capital-Output Ratio and Total Factor Productivity in Singapore Sng Hui Ying 87

Part II Singapore and the Region in a Globalized World 103

6 The Asian Financial Crisis and the Sub-Prime Mortgage Crisis: A Dissenting View Lim Chong Yah 105

7 Asian Economic Integration: The Role of Singapore Pradumna Bickram Rana 121

8 Asia's Role in the Global Economy and the International Financial System Chia Wai-Mun Zhang Yang Yang Bo 141

9 Globalization, Income Polarization and the Rise of the "New Challengers" Shubhasree Seshanna 155

Part III Other Economic Issues 173

10 Economics and Health David Reisman 175

11 Medical Decisions: A Two Stage Decision Model With Information Updating John Lane Sandro Tsang 183

12 Economics of Love: A Simple Theory and Empirical Study in Singapore Ho Kong Weng 195

13 The Role of Exchange Rates in Foreign Direct Investment: A United States Perspective Ho Woon Yee 209

Index 221

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