Crisis
Management and Public Policy:
Singapore's
Approach to Economic Resilience
This book is an annual effort by the economists from the Nanyang
Technological University to provide analysis, interpretations and insights on contemporary
economic issues affecting Singapore.
In 2010, Singapore's economy was just recovering from the sharp economic downturn in
2008/09 caused by the Global Financial Crisis. The global economic outlook in the short
and medium term remained uncertain and the risk of another economic or financial crisis
remains high. Thus, one of the key themes of this book is to study economic crises and
financial crises, and the policy measures that are available to manage them.
Looking ahead, in order to ensure long term growth and prosperity for Singapore's
economy, microeconomic policy adjustments and fine-tuning is still needed to build a
competitive and resilient nation. Therefore, the second key theme of the book is to review
several public policies in Singapore, such as competition, healthcare, training, free
trade agreements, state capitalism and inequality.
Contents:
Economic Crisis Management:
The National Wages Council (NWC) and Macroeconomic Management in Singapore (LIM Chong
Yah)
Unpreparedness in the Great Recession (LIM Chong Yah & SNG Hui Ying)
Why are Financial Crises so Costly? (TAN Kim Heng)
A Case for Selective Capital Control (LIM Chong Yah & Sarah CHAN)
Public Policies and Other Economic Issues:
Competition Policy and Law in Singapore (LAM Chuan Leong)
Healthcare: Containing Cost without Comprising Quality (Linda TAN Hui Min & CHEW Soon
Beng)
Economics of Training: Market Failure and Government Intervention (Rosalind CHEW)
A Review of the US-Singapore Free Trade Agreement (CHEE Yoke Heong & CHIA Wai Mun)
State Capitalism in Singapore (SNG Hui Ying)
Growth, Opportunity, and Inequality: Some Empirics from Singapore (HO Kong Weng)
Are Fines Compatible with Building a Truly Fine Country? (Walter THESEIRA & TAN Di
Song)
220 pages, Hardcover
