Economic issues constitute a particularly important area of research and analysis for IPS. Over the years, IPS has dealt with a wide variety of issues, including macroeconomic policies (fiscal, monetary and exchange rate policies), empirical and policy issues relating to trade and investment flows, globalisation and regionalisation, manpower needs, entrepreneurship development and general issues with reference to Singapore and the global economy. The specific focus for each year depends on the exigencies of policy making, the country’s economic needs, and factors impacting the region and global economy.

IPS is increasingly paying attention to economic developments in the larger Asian region, especially the emergence of giant economies such as China and India, as well as the growing integration of the ASEAN plus three (APT) economies and their impact on Singapore.

Recently IPS was involved in a large scale study on economic restructuring through the IPS Forum on Economic Restructuring (IFER). The IFER was set up as a parallel effort to the government’s own Economic Restructuring Committee (ERC) deliberations. The IFER Report was the culmination of a seven month long research, analysis and discussion by about 85 business leaders, academics and policy makers.

Research and analysis on domestic and international economic issues will continue to be a major focus of IPS. This is an area where IPS has engaged several adjunct fellows to augment internal staff strength. Currently there are three adjunct fellows working with IPS.

Manu Bhaskaran
Lee Yoong Yoong

Exchange Rate Arrangements For East Asia Post-Crisis: Examining The Case For Open Economy Inflation Targeting
Tony Cavoli and Ramkishen Rajan, IPS Working Papers#16. Singapore: IPS, 2003

Examining The Case For Reserve Pooling In East Asia: Empirical Analysis
Ramkishen Rajan, Reza Siregar and Graham Bird, IPS Working Papers#15. Singapore: IPS, 2003

Implications of The Economic Rise of The PRC For Asean and India: Trade and Foreign Direct Investment
Sadhana Srivastava and Ramkishen Rajan, IPS Working Papers#14. Singapore: IPS, 2003

Sustaining Competitiveness in the New Global Economy: The Experience of Singapore
Ramkishen S Rajan (ed). Aldershot, UK: Edward Elgar for IPS, 2003.

Economic Globalization and Asia: Essays on Finance, Trade and Taxation
Ramkishen S Rajan. Singapore: World Scientific Publishing for IPS, 2003.

Re-inventing the Asian Model: The Case of Singapore
Manu Bhaskaran. Singapore: Eastern Universities Press for IPS, 2003

The IFER Report: Restructuring Singapore Economy
Tommy Koh, Tan Khee Giap & Arun Mahizhnan et al. Singapore: Times Academic Press for IPS, 2002

The Japan-Singapore “New Age” Economic Partnership Agreement: Background, Motivation and Implications
Ramkishen S Rajan & Rahul Sen, IPS Working Papers#13. Singapore: IPS, 2002

Choice of Exchange Rate Regime: Currency Board (Hong Kong) or Monitoring Band (Singapore)?
Ramkishen S Rajan & Reza Siregar, IPS Working Papers#12. Singapore: IPS, 2002

Hong Kong, Singapore and The East Asian Crisis: A First Look at the Importance of Trade Spillovers
Ramkishen S Rajan & Rahul Sen, IPS Working Papers#11. Singapore: IPS, 2002

The Evolution of Singapore Business: A Case Study Approach
Anisha Sabhlok, IPS Working Paper#10 (Vol 1). Singapore: IPS, 2001

The Evolution of Singapore Business: A Case Study Approach (CASE STUDIES)
Anisha Sabhlok, IPS Working Paper#10 (Vol 2). Singapore: IPS, 2001

Re-Engineering Success
Arun Mahizhnan & Lee Tsao Yuan, eds. Singapore: ÍPS & Oxford University Press, 1998

Regional Responses to the Southeast Asian Economic Crisis: A Case of Self-help or No Help?
Ramkishen S Rajan & Chang Li Lin, IPS Working Papers#8. Singapore: IPS, 1998

Sand in the Wheels of International Finance: Revisiting the Debate in Light of the East Asian Mayhem
Ramkishen S Rajan, IPS Working Papers#7. Singapore: IPS, 1998

The Economics of the European Monetary Union and Some Implications for Asia
Ramkishen S Rajan, IPS Working Papers#6. Singapore: IPS, 1998

Restraints on Capital Flows: What are They?
Ramkishen S Rajan, IPS Working Papers#3. Singapore: IPS, 1998

The Japanese Economy and Economic Policy in Light of the East Asian Financial Crisis
Ramkishen S Rajan, IPS Working Papers#2. Singapore: IPS, 1998

The Currency and Financial Crisis in Southeast Asia: A Case of ‘Sudden Death’ or ‘Death Foretold’
Ramkishen S Rajan, IPS Working Papers#1. Singapore: IPS, 1998

Housing a Healthy, Educated and Wealthy Nation Through the CPF
Linda Low & T C Aw. Singapore: Times Academic Press for IPS, 1997

Overseas Investment: Experience of Singapore Manufacturing companies
Lee Tsao Yuan. Singapore: IPS & McGraw Hill, 1994

Growth Triangle: The Johor-Singapore-Riau Experience
Lee Tsao Yuan, ed. Singapore: IPS & ISEAS, 1991

ASEAN: Where do we go from here? Some thoughts on Economic Cooperation
Lee Tsao Yuan. Singapore: IPS, 1991

Local Entrepreneurship in Singapore: Private and State
Lee Tsao Yuan & Linda Low. Singapore: Times Academic Press for IPS, 1990

 
*** Chapters on the Singapore Economy in the Annual Perspectives Publication:

Perspectives 2004

A New World
Toh Mun Heng, Lead Economist, Ministry of Trade and Industry; Benedict Chia and Lee Lay Keng, Economists, Ministry of Trade and Industry

Still Waiting for “The One” to Deliver Zion
Lim Say Boon, Director of OCBC Investment Research Pte Ltd

Balancing Employment for Foreigners and Singaporeans
Hui Weng Tat, Associate Professor, Dept. of Economics, National University of Singapore

Rear View Mirror Syndrome
Lee Han Shih, Freelance Writer (former journalist from The Business Times)

Perspectives 2003

On the Challenges to and Responses by the Singapore Economy
Manu Bhaskaran, Partner & Head, Economic Research, Centennial Group Inc.

On Winning in the Turbulent Environment
Hsieh Tsun-yan, Chairman, McKinsey & Company (Asia).

Perspectives 2002

Global U, Pricing Power and Singapore Stones ­ Cyclical and Structural Challenge Confronting the Singapore Economy 2002 and Beyond
Daniel Lien, Vice President & Southeast Asia Economist Morgan Stanley Dean Witter Asia (Singapore) Pte.

Singapore’s New Commercial Trade Strategy: the Pros and Cons of Bilateralism
Ramkishen S Rajan, IPS Visiting Fellow and Rahul Sen, Research Fellow, Institute of Southeast Asian Studies, Singapore

AT Kearney/Foreign Policy Magazine Globalization Index 2002
Moisés Naím, Editor, Foreign Policy and Paul A Laudicina, Vice President and Managing Director, A. T. Kearney Inc.

Perspectives 2001

The Singapore Economy
Tan Kong Yam, Head, Department of Business Policy, National University of Singapore (NUS).

The New Economy
Finian Tan, Partner and Head, Asia Pacific for Draper Fisher Jurvetson.

Challenges of a Knowledge-Based Economy
Koh Ai Tee, Associate Professor, Department of Economics, National University of Singapore.

Perspectives 2000

Future Trends in the Asian Economy
William Overholt, Executive Director and Head, Asia Macro Research, Nomura International (Hong Kong).

Future Trends in Global Finance
John T. Olds, Vice Chairman and Chief Executive Officer of the Development Bank of Singapore.

*** Selected Policy Briefs on International Economics by IPS Adjunct Staff

"Economic Reasons behind Outsourcing" , The Business Times, 27 July 2004.

"Achieving exchange rate flexibility in China" , The Business Times, 11 June 2004.

"Merits of currency basket arrangements" , The Business Times, 4 May 2004.

"Competitiveness in the Global Economy with Reference to Singapore" , Policy Brief, April 2004.

"Inflation targeting frameworks in Asia" , The Business Times, 24 March 2004.

"Structural Budget deficit unlikely" , The Business Times, 28 February 2004.

"China's reserve pile and credit boom" , The Business Times, 27 February 2004.

"The ABC of the Asian Bond Fund" , The Business Times, 2 February 2004.

"Who's afraid of banking liberalisation?" , The Business Times, 30 January 2004.

"Measures to Attract Foreign Direct Investment: Investment Promotion, Incentives" , Economic and Political Weekly, 39, January 3, 2004, pp.12-16.

"The dilemma of Asia's massive forex reserves" , The Business Times, 23 December 2003.

"The limits of Asian currency flexibility" , The Business Times, 9 October 2003.

"Production Sharing In East Asia" , September 2003.

"What does the Economic Ascendancy of China Mean for ASEAN?" , April 2003. Shorter version available here .

"Examining the Links between Trade and Monetary Regionalism" , Economic and Political Weekly, 37 (44-45), November 2-9, 2002, pp.4493-4.

"The Japan-Singapore "New Age" Economic Partnership Agreement" , Economic and Political Weekly, 37 (26), June 29-July 5, 2002, pp.2565-6.

"International Reserve Holdings by Developing Countries: Why and How Much?" , Economic and Political Weekly, 37 (20), May 18, 2002, pp.1915-7.

"The Tobin Tax: A Global Tax for Global Purposes?" , Economic and Political Weekly, 37 (11), March 16, 2002, pp.1024-5.

"Capital Account Crises, Liquidity Enhancing Mechanisms and Financial Cooperation in East Asia" , Economic and Political Weekly, 37 (8), February 23, pp.704-5 2002.

"Bilateralism versus Multilateralism: Singapore’s New Commercial Trade Strategy" , Economic and Political Weekly, 37 (6), February 9, 2002.

"Argentina and East Asia: The Peg Does it Yet Again" , Economic and Political Weekly, 37 (2), January 27, 2002. Slightly revised version published as an APEC Economies Newsletter , April 2002.

"The Right Exchange Rate Regime", The Business Times (Singapore),January 18, 2002.

Conferences, Public Lectures and Forums

2004
IPS Conference on "Singapore Perspectives 2004: At the Dawn of a New Era", 13 January 2004.

2003
IPS Seminar on "A Report Card of APEC" by Professor Richard E Feinberg, 5 September 2003.

The Singapore Economic Roundtable, 2 September 2003.

IPS Book Launch cum Colloquium, "Re-inventing the Asian Model: The Case of Sinagpore", 28 August 2003.

Launch of World Bank Report "A Trade Policy Agenda for Shared Growth", 6 June 2003.

IPS Conference on "Singapore Perspectives 2003: The Challenges and Opportunities of Change", 24 January 2003.

2002
IPS Seminar on "Future Population and Human Capital in Asia" by Prof Wolfgang Lutz, International Institute for Applied Systems Analysis, Director, Institute of Demography, Vienna and Principal Investigator of Asian MetaCentre, 17 October 2002.

IPS-MAS Public Lecture on "Global Economic Issues" by Mr Kenneth Rogoff, Economic Counsellor and Director, Research Department, International Monetary Fund, 15 October 2002.

Symposium on "Sustaining Singapore’s Competitiveness in the New Global Economy", 26 – 27 July 2002.

IPS Forum on Economic Restructuring (IFER), 20 July 2002.

IPS Conference on "Perspectives 2002 and Launch of the Globalization Index 2002", 16 January 2002.

2001
IPS-EAI Public Lecture on "China in the WTO: New Opportunities for Singapore and ASEAN" by Mr Long Yongtu, Vice Minister of Foreign Trade and Economic Cooperation, 30 November 2001.

IPS Public Lecture on "Workable Policies for a New Philippines" by HE Mrs Gloria Macapagal-Arroyo, President of the Philippines, 24 August 2001.

IPS Public Lecture on "Koizumi's Vision of a new Japan" by Mr Nobutaka Machimura, Acting Secretary-General Liberal Democratic Party, 17 August 2001.

IPS Public Lecture on "East Asian Financial Co-operation: Vision and Reality" by Mr Haruhiko Kuroda, Vice Minister of Finance for International Affairs, Ministry of Finance, Japan, 28 June 2001.

IPS-MAS Public Lecture on "Asia and the IMF" by Dr Stanley Fischer, First Deputy Managing Director, International Monetary Fund (IMF), 1 June 2001.

IPS Forum on "Achieving a High Skills Society and Economy", 21 February 2001.

IPS Conference on "Perspectives 2001", 17 January 2001.

2003
MIS-IPS Executive Briefing on "Negotiating the USSFTA: Lessons Learned" by Professor Tommy Koh, Director, Institute of Policy Studies, 20 March 2003.

Briefing on "The FTA between Singapore and the USA" by Professor Tommy Koh, Director, The Institute of Policy Studies and Ambassador Frank Lavin, US Ambassador to Singapore, 25 February 2003.

Executive Briefing on "Where Next for Indonesia's Economy?" by Dr Andrew Steer, Indonesia Country Director for World Bank, 20 February 2003.

2001
IPS-SIIA Closed Door Discussion with Dr Michael Reiterer, ASEM Counsellor, European Commission on "EU's New Asia Strategy", 14 September 2001

IPS Round Table Discussion on "The Formulation of an Urban Sustainable Index", 6 September 2001.

2003
IPS Corporate Associates Breakfast Meeting on "Re-inventing the Big Blue IBMs On Demand Transformation" by Ms Janet Ang, Managing Director, IBM Singapore Pte Ltd, 1 October 2003.

IPS Corporate Associates Breakfast Meeting on "Staying Fit for Difficult Times: Business Survival Lessons" by Mr Ron Sim, Chairman and CEO, OSIM International Ltd, 3 September 2003.

IPS Corporate Associates Breakfast Meeting on "Didn’t they see it coming? Why can’t they react effectively? - Lessons for established incumbents from the revolution in the airline industry" by Mr Steve Wyatt, Vice President and Managing Partner, Monitor Group, 13 August 2003.

IPS Corporate Associates Breakfast Meeting on "Can Singapore become an Entrepreneurial Society?" by Mr Alain Vandenborre, Executive Director & Vice-Chairman, Singapore Venture Capital & Private Equity Association (SVCA), 25 June 2003.

IPS Corporate Associates Breakfast Meeting on "Corporate Governance: How We Got Here" by Mr J Y Pillay, Chairman, Singapore Exchange Limited & Mr Alan Shaw, Executive Vice-President, and Head of Risk Management and Regulation Division, Singapore Exchange Limited, 26 March 2003.

IPS-The American Chamber of Commerce in Singapore Luncheon Talk on "Does the Perfect Storm Continue to Rage? Prospects for the U.S. Economy and its Impact on East Asia", by Ambassador Richard Fisher, Managing Partner of Kissinger McLarty Associates, 17 January 2003.

IPS Corporate Associates Breakfast Meeting on "A Look at Europe's Role in the Global Economy" by Dr Heinrich von Pierer, President and Chief Executive Officer, Siemens AG and Chairman, Managing Board, 8 January 2003.

2002
IPS Corporate Associates Breakfast Meeting on "Disruptive Change and Competition in Singapore’s Financial Sector: Stockbroking and the Internet" by Mr Greg Seow, Executive Chairman, DBS Vickers Securities (Singapore) Pte Ltd, 14 November 2002.

IPS Corporate Associates Breakfast Meeting on "Making Sense of the Residential Property Market Cycle in Singapore" by Mr Philip Ng, Chief Executive Officer, Far East Organization, 16 October 2002.

IPS Corporate Associates Breakfast Meeting on"Can Singapore Grow World-Class Companies?” by Mr Lee Yi Shyan, Chief Executive Officer, International Enterprise Singapore, 21 August 2002.

IPS Corporate Associates Breakfast Meeting on "Singapore as a regional fund management hub, with particular reference to private equity" by Dr Teh Kok Peng, President, GIC Special Investment Pte Ltd, 17 July 2002.

IPS Corporate Associates Breakfast Meeting on “Investments, Risks and the Entrepreneurial Spirit” by Ms Madeleine Lee, Chief Investment Officer, Athenaeum Fund Management Pte Ltd, 15 May 2002.

IPS Corporate Associates Breakfast Meeting on “Reform and Restructuring in East Asia” by Mr Hubert Neiss, Chairman, Deutsche Bank (Asia), 27 March 2002.

IPS Corporate Associates Breakfast Meeting on “Remarking Singapore – The Enterprise Ecosystem” by Mr Teo Ming Kian, Chairman, Economic Development Board (EDB), 20 February 2002.

IPS Corporate Associates Breakfast Meeting on “Recent Economic Developments and Future Challenges for Malaysia”, by Dato’ Mustapa Mohamed, Executive Director, National Economic Action Council, Malaysia, 5 February 2002

2001
IPS Breakfast Meeting with Hon Jim Sutton, Minister for Trade Negotiations, New Zealand on "Global Trade Arrangements Post-Doha with Particular Reference to Bilateral FTAs", 27 November 2001.

IPS Corporate Associates Breakfast Meeting on "The Manpower Revolution: Mobilising Human Capital for the New Singapore" by Dr Tan Chin Nam, Permanent Secretary, Ministry of Manpower, 25 October 2001.

IPS Corporate Associates Breakfast Meeting on "Challenges for Singapore’s Financial Centre" by Mr Tharman Shanmugaratnam, Managing Director, Monetary Authority of Singapore, 26 September 2001.

IPS Corporate Associates Breakfast Meeting on "Can Singapore Maintain its Infocomm Edge?" by Ms Yong Ying-I, CEO, Infocomm Development Authority of Singapore, 10 July 2001

IPS Corporate Associates Lunch Meeting on "Will the US be in recession this year?" by Ms Gail Fosler, Senior Vice President and Chief Economist, The Conference Board, 11 May 2001.

IPS Corporate Associates Breakfast Meeting on "US-Singapore FTA: An Update" by Professor Tommy Koh, Director, The Institute of Policy Studies and Ambassador-at-Large, Ministry of Foreign Affairs, 18 April 2001.

• The Economic impact of Singapore’s bilateral trade agreements
• Competitiveness of the Singapore economy
• Singapore’s structural unemployment, profile of the unemployed and implications on foreign labour policies
• Emergence of China and India and its impact on Singapore and Southeast Asia
• ASEAN Economic Forecasting, ASEAN Competitiveness Index
• Capital Flows and Monetary regionalism in Asia
• Trade in Services
• Economic impact and healthcare implications of the Severe Acute Respiratory Syndrome (SARS)
  
  
  

• APEC Singapore Economy reports
• Economic Development Board (EDB), Singapore Investment Reports
• Development Bank of Japan (DBJ) Singapore Reports
• Development Bank of Singapore (DBS) Market Research Reports
• IMF Singapore Country Reports
• Institute of Southeast Asian Studies
• Ministry of Trade and Industry (MTI)
• Monetary Authority of Singapore Economic Analysis
• National University of Singapore (NUS), Economics Department
• National University of Singapore (NUS), Public Policy Program Working Papers
• Singapore Budget Statements, Ministry of Finance (MOF)

Economic Statistics

Singapore ICT Statistics
Singapore Key Economic Statistics
Singapore Education Statistics
Singapore Health Statistics
Singapore Labour Statistics
Singapore Port Statistics
Singapore Tourist Statistics
Singapore Trade Statistics

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