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Since the Industrial Revolution of the nineteenth century, the share of world GDP of the Indian subcontinent had started to decline. This trend reversed somewhat after the economic reforms of the 1980s and 1990s. More recently, however, economic growth in South Asia has softened yet once again for several reasons. This book focuses on the slowing pace of economic reforms and outlines a two-pronged strategy to jumpstart South Asian economies.

"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. 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."--Publisher's description

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 remains 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. These are competition, healthcare, training, free trade agreements, state capitalism and inequality

Das, S.B.: Regional economic outlook. - S. 99-105 Chongvilaivan, A.: 2012: a reversal of food crisis? - S. 106-109 Phijaisanit, E.: Thailand as global automotive hub : impacts and prospects after the floods of 2011. - S. 110-114 Thuzar, M.: Myanmar : facing the future. - S. 115-118 Sivalingam, G.: The Islamic bond market in Malaysia. - S. 119-124 Tritasavit, T.: Brunei Darussalam. - S. 125-128 Menon, J.: Cambodia. - S. 128-135 Siregar, R.: Indonesia. - S. 135-141 Kyophilavong, P.: Laos. - S. 141-145 Cia, W.M.; Li, M.: Malysia. - S. 145-157 Swe, T.: Myanmar. - S. 157-171 Rillo, A.D.: Philippines. - S. 172-176 Sng, H.Y.: Singapore. - S. 177-185 Busbarat, P.: Thailand. - S. 185-191 Freeman, N.J.: Vietnam. - S. 192-197

This book is an annual effort by the economists at the Nanyang Technological University to provide analysis, interpretations and insights of contemporary economic issues affecting Singapore and Asia. It covers two key themes : (1) Global Financial Tsunami and (2) other economic issues affecting Singapore and Asia. The Global Financial Tsunami is currently ravaging the world financial systems and the world economy. The authors brilliantly tackle pertinent issues such as fiscal and monetary management of the current crisis, impacts of the crisis on the Singapore and Asian economies, policy measures implemented by Singapore and other countries to combat the crisis, and regional efforts to mitigate the adverse impacts of the crisis. A wide range of important economic issues affecting Singapore and Asia, including inflation, exchange rate, workfare, environmental economics, population and worth of human life in Singapore are addressed competently. The chapters build on economic and analytical frameworks to help readers better understand the economic and policy issues discussed

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 section, "Public Policies and Economic Issues of Singapore", Singapore's public policies in the areas of healthcare, Central Provident Fund, and monetary policy are explored, as well as issues concerning Singapore's economic development, such as economic transformation, innovation and capital accumulation are discussed. The second section, "Singapore and the Region in a Globalized World", looks at the challenges and opportunities presented to Singapore and the region in an increasingly globalized world. Current issues on the sub-prime crisis and Asian monetary integration are also discussed. The last section, "Other Economic Issues", consists of papers in specific areas such as economics of medical decisions, economics of love, and the role of exchange rates in foreign direct investment