Singapore and Asia in a globalized world : contemporary economic issues and policies / editors, Chia Wai Mun, Sng Hui Ying.

Format:

Book

Conference/Event

Author/Creator:

NTU-MOE Seminars, Corporate Author.

Contributor:

Chia, Wai Mun.

Sng, Hui Ying.

Conference Name:

NTU-MOE Seminars (2008 : Singapore)

NTU-MOE Seminars.

Language:

English

Subjects (All):

Globalization--Economic aspects--Asia--Congresses.

Globalization.

Globalization--Economic aspects--Singapore--Congresses.

Asia--Economic policy--Congresses.

Asia.

Singapore--Economic policy--Congresses.

Singapore.

Physical Description:

1 online resource (232 p.)

Edition:

1st ed.

Place of Publication:

Hackensack, N.J. : World Scientific, c2009.

Language Note:

English

Summary:

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.This book contains 13 chapters that are grouped under three sections. Under the s

Contents:

Contents; Foreword; Part I Public Policies and Economic Issues of Singapore; 1. Transformation in the Singapore Economy: Course and Causes Lim Chong Yah; THE ECONOMIC MIRACLE; Per Capital GDP Growth; Growth in GDP Sizes; Growth in Real GDP Rates; Standards of Living; Employment Creation; An Economic Miracle; STRUCTURAL TRANSFORMATION; METAMORPHOSIS IN EXTERNAL BALANCE; METAMORPHOSIS IN SAVINGS FUNCTION; GROWTH ACCOUNTING; VISUAL GLIMPSES; THREE CRITICAL OPTIONS; (1) Market-Orientation; (2) Investment, Investment and Investment; (3) Good Public Governance; END NOTES

2. Innovation, Markets and Economic Growth: A Symbiosis Lam Chuan Leong A DETAILED LOOK AT INNOVATION; O-Type Innovation and V-Type Innovation; The Innovation Cycle and Economic Growth; INNOVATION AND MARKETS - A SYMBIOSIS; Free Diffusion of Information and Diffusion of Knowledge; Free Market Entry and Exit; An Ex-Poste Market "Selection System"; Sustaining Reward System; SINGAPORE'S RECORD; END NOTES; 3. Macro Objectives of the Central Provident Fund (CPF): A Review Chew Soon Beng and Rosalind Chew; THE CENTRAL PROVIDENT FUND SCHEME, (1955-65): STATUS QUO; HOME OWNERSHIP

SPLIT OF THE CPF ACCOUNT CPF AS AN ECONOMIC RESTRUCTURING TOOL; HOME PROTECTION INSURANCE SCHEME USING CPF SAVING; AFFORDABLE HEALTH AS THE NEW OBJECTIVE OF THE CPF SCHEME; CPF AS A PRINCIPAL TOOL FOR THE REDUCTION OF LABOR COSTS; CPF SAVING AND THE MINIMUM SUM SCHEME; CONTROVERSY OVER THE MINIMUM SUM SCHEME; RESTORATION OF THE EMPLOYER CPF CONTRIBUTION RATE SINCE 1988; USAGE OF THE CPF EXTENDED TO TERTIARY EDUCATION; LIFE AND MEDICAL INSURANCE INTRODUCED INTO THE CPF SCHEME; INCREASING THE STAKE IN THE COUNTRY; DISTRIBUTION OF NATIONAL WEALTH VIA THE CPF TOP-UP SCHEME

CHANGING EMPHASIS FROM INVESTMENT TO HEALTH CARE INCREASING THE RATE OF RETURN ON CPF SAVING; THE EAST ASIAN CURRENCY CRISIS AND THE SUCCEEDING YEARS; WORRY OVER OLDER WORKER'S EMPLOYMENT; HIGHER CONTRIBUTION RATES FOR OLD AGE AND HEALTHCARE; FINE-TUNING TO HELP YOUNG LOW-INCOME SINGAPOEANS IN COMPETITION WITH FOREIGNERS; CPF SCHEME NOT ATTRACTIVE FOR HIGH INCOME SINGAPOREANS; CPF AS A SUSTAINABLE SOCIAL SAFETY NET; MACRO IMPACT OF THE CPF SCHEME; 1. Impact on Work and Skill Level; 2. Impact on Government Budget Policy; THE CPF BOARD AND THE GOVERNMENT; REVIEW AND REFLECTIONS OF THE CPF SCHEME

CONCLUSION END NOTES; 4. Monetary Policy in Singapore: A BBC Approach Peter Wilson; INTRODUCTION; SINGAPORE'S EXCHANGE RATE-CENTERED MONETARY POLICY; Objectives of Monetary Policy; The BBC Exchange Rate System; The Formulation of Monetary Policy; Monetary Policy Communication; Implementation of Monetary Policy; THE RATIONALE BEHIND SINGAPORE'S MONETARY POLICY; Traditional Monetary Policy; Why is Singapore's Monetary Policy Exchange-Rate Centered?; HAS MONETARY POLICY IN SINGAPORE BEEN SUCCESSFUL?; Monetary Policy Does Not Work Alone; CONCLUSION; END NOTES

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

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9789812815583

9812815589

OCLC:

826658004