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Crisis-proof Governance

Roundtable  -  Solomon Molebatsi Sekwakwa, Sabir Said Al-Harbi, Sa Bali Abas

The Ethos Roundtable brings together thought leaders and practitioners to discuss key issues of interest to the public service. In this session, three eminent participants in Singapore’s second Leaders in Governance Programme reflect on the impact of the economic crisis on their home countries, and their strategies for recovery.

Editorial Issue 6

Editorial  -  Alvin Pang

Singapore's Political Economy: Two Paradoxes

Article  -  Bryan Caplan

Economist Bryan Caplan, noted for his insights on public choice, visited Singapore in November 2008. His observations address how “economically efficient, but politically unpopular” policies might successfully be carried through a democratic system, and sheds light on the environment in which public policy is made and implemented in Singapore.

Krugman, Wolf and the Roots of the Financial Crisis

Review  -  He Ruimin

Review of Paul Krugman's The Return of Depression Economics and the Crisis of 2008 and Martin Wolf's Fixing Global Finance

Auctions, Market Experiments and Public Policy

Interview  -  Bart Wilson, Stephen Rassenti, Vernon L. Smith

A discussion with Professors Vernon L. Smith, Stephen Rassenti and Bart Wilson

Opinion: It's Not Over Yet

Opinion  -  Manu Bhaskaran

A quick and painless recovery is unlikely, as delayed effects of the economic crisis have yet to kick in.

Opinion: Staying Ahead of the Game

Opinion  -  Julia Yap, Bernard Nee

Singapore’s growth and transformation from a developing nation in the early 1960s to the successful and thriving economy it is today has been the source of much fascination for many observers.

Extraordinary Times, Fundamental Principles: The 2009 Budget and the Ministry of Finance's Approach to Countercyclical Economic Strategy

Article  -  Jonathan Pflug

Four key principles anchor the bold anti-recessionary measures in Singapore’s 2009 Budget.

Opinion: Singapore's Economic Growth Model: Too Much or Too Little?

Opinion  -  Linda Lim

Can Singapore’s state-heavy growth model be sustained in the long term, especially after the systemic shock and global rebalancing of the current financial crisis?

The End of the World (Economy) as We Know It

Article  -  Wee Shu Lin, Lee Chor Pharn, Adeline Aw

“…After this crisis, the world is not going to be the same again. This is not just another cyclical downturn and recovery. The world’s economy is undergoing a structural shift.” — Singapore’s Prime Minister Lee Hsien Loong in Parliament, 27 May 2009