Singapore’s poor productivity performance


Academic Views

Private sector economists Manu Bhaskaran and Nigel Chiang argue that in both labour and total factor productivity, Singapore is under-performing relative to trading partners, peers and OECD countries, reflecting deep and systemic issues in the economy, especially in sectors where an over-reliance on labour force growth through migrant labour has affected incentives to invest. This is […]

November 20, 2020

Government surpluses and foreign reserves in Singapore


Academic Views

Manu Bhaskaran (CEO of Centennial Asia Advisors) and Linda Lim (Professor Emerita at the Stephen M. Ross School of Business, University of Michigan) argue that Singapore would benefit from a slower pace of reserve accumulation. Many Singaporeans think that the government can engage in massive, even “generous”, deficit spending to rescue citizens, businesses and the […]

May 4, 2020

Beyond the pandemic: efficiency, resilience, justice


Academic Views, Coronavirus

Donald Low, Professor of Practice in Public Policy at the Hong Kong University of Science and Technology, argues that Singapore must look beyond a narrow focus on efficiency, and give greater weight to considerations of resilience and justice. Over the last 30-40 years, most economies have prioritised efficiency or economic growth over considerations of resilience […]

May 1, 2020

Why STEM is not enough


Academic Views

Linda Lim, Gunalan Nadarajan and Jessie Yang—Singaporean professors at the University of Michigan—make a case for the arts and humanities in the age of tech and coronavirus. COVID-19 has caused a marked shift in scientific research around the world away from other problems toward investigating and fighting the virus. This will take much time to […]

April 26, 2020

Mid-career and middle-aged workers’ woes: is training the solution?


Academic Views

Arthur Chia, Senior Researcher at the Centre for Work and Learning, Research and Innovation Division of the Institute for Adult Learning, Singapore University of Social Sciences, argues that it is necessary to move beyond supply-side solutions such as retraining to address the employment difficulties faced by mid-career and middle-aged workers. Mid-career and middle-aged workers are […]

March 16, 2020

COVID-19 — It’s the economy


Academic Views, Coronavirus

Linda Lim, Professor Emerita at the Stephen M. Ross School of Business, considers some of the economic implications of the COVID-19 pandemic for Singapore and the world. The ongoing rout on global stock markets is driven by uncertainty about the path that COVID-19 will take.  There is fear that even if its health consequences turn […]

March 15, 2020

Budget 2020: Less Than Meets The Eye


Academic Views

Linda Lim, Professor Emerita at the Stephen M. Ross School of Business, questions whether the latest annual Budget adequately addresses the need for long-term economic transformation in Singapore. There is much to approve of in DPM Heng Swee Keat’s 2020 Budget.   First, running a budget deficit (revenues less than expenditures) is appropriate to prop up […]

February 25, 2020