Singapore’s policymakers have had to balance the economy’s need for immigrants with negative public sentiment towards the influx of these newcomers. Its experience serves as a good learning point for other countries facing similar issues.
Studies have not been able to conclusively prove that structural change drives economic growth. In his paper Structural change and economic growth: Empirical evidence and policy insights from Asian economies, Dr Vu Minh Khuong of the Lee Kuan Yew School of Public Policy at the National University of Singapore proposes a new measure of structural change that can deepen our understanding of how the phenomenon influences economic growth.
By design, the ASEAN Economic Community (AEC) has approached integration with an eye on creating headroom for its hyper diverse and rapidly expanding economies to grow. That has meant embracing pragmatism and flexibility—power is decentralized and there is no one-size-fits-all policy. It’s worked thus far: analysts project the union could become one of the world’s four largest economies by 2050.
While much of today’s discourse centres on whether globalisation should be encouraged or curtailed, it is worth relooking at how we view globalisation and the role governments play in managing the process.
Fears over rising populist and anti-globalisation sentiments have clouded this year’s European elections, which could test the European Union’s (EU) stability and impact trade between Europe and Asia.
What is a ‘smart city’ and how will it impact the lives of its residents? A white paper titled Exploring the Urban Future considers the kind of life one might lead in the city of the future, the transformational potential it offers and the challenges to get there.
The smart city concept has leapfrogged theory to reality, as a growing number of global business capitals and trade hubs have bought in. This new cocktail of next-gen infrastructure, …