Singapore And Asia: Impact Of The Global Financial Tsunami And Other Economic Issues

by Hui Ying Sng, Wai Mun Chia

Overview

This book is an annual effort by the economists at the Nanyang Technological University to provide analysis, interpretations and insights of contemporary economic issues affecting Singapore and Asia. It covers two key themes: (1) Global Financial Tsunami and (2) other economic issues affecting Singapore and Asia.The Global Financial Tsunami is currently ravaging the world financial systems and the world economy. The authors brilliantly tackle pertinent issues such as fiscal and monetary management of the current crisis, impacts of the crisis on the Singapore and Asian economies, policy measures implemented by Singapore and other countries to combat the crisis, and regional efforts to mitigate the adverse impacts of the crisis.A wide range of important economic issues affecting Singapore and Asia, including inflation, exchange rate, workfare, environmental economics, population and worth of human life in Singapore are addressed competently. The chapters build on economic and analytical frameworks to help readers better understand the economic and policy issues discussed.

Product Details

ISBN-13:	9789814280457
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	10/19/2009
Pages:	224
Product dimensions:	6.10(w) x 9.00(h) x 0.80(d)

Table of Contents

Foreword vii

Contributors ix

Part I Economic Analysis of the Global Financial Tsunami 1

1 The Deepening Global Recession and the Great Depression Fear Lim Chong Yah 3

2 The Surprising Resurgence of Fiscal Policy Steven Mark Sheffrin 15

3 The Global Financial Tsunami: Implications for East Asian Economies Tan Kong Yam 37

4 Global Financial Tsunami: Can the Industrial Relations Mechanism Save Singapore This Time Around? Rosalind Chew 67

5 The On-going Global Financial Crisis and Asian Regionalism Pradumna B. Rana 81

6 Global Economic Crisis and Energy Security: Integrated Energy Market Youngho Chang 97

Part II Economic and Policy Issues 121

7 Singapore Growth Model: Its Strengths and Its Weaknesses Lim Chong Yah 123

8 The Role of Competition in Singapore: A Complexity Point of View Lam Chuan Leong 133

9 Inflation, Exchange Rate and the Singapore Economy: A Policy Simulation Choy Keen Meng Tilak Abeysinghe 145

10 Workfare, Not Welfare: An Exploration of International Experiences and Policy Implications for Singapore Kampon Adireksombat 159

11 What is Human Life Worth? Euston Quah Chia Wai-Mun Sng Hui Ying 173

12 Is the Environment a Game? Game Theoretical Analysis of the Kyoto Protocol Ernie G. S. Teo 185

Index 201