The Second Singapore Economic Roundtable includes:

• Recent macroeconomic developments in Singapore,
  by Edward Robinson, Principal Economist, Monetary
  Authority of Singapore
  
• Singapore’s economic outlook and fi scal policy, by Ray
  Farris, Director, Head of Asian Fixed Income Strategy,
  Credit Suisse First Boston (Singapore)
  
• The US Dollar outlook and its impact on Singapore’s
  monetary policy, by Cliff Tan, Director, Asia-Pacifi c
  Economic & Market Analysis, Citigroup (Singapore)

The Second Singapore Economic Roundtable raises constructive comments about Singapore’s economic policies and outlook, showing

• an underlying concern that there are insuffi cient automatic stabilisers in the economy;
  
• a strong sentiment that overall fi scal and exchange rate policy may be too tight;
  
• an acknowledgement of the heightened uncertainty in
  economic policy making due to structural changes; and
  
• a clear consensus that policy makers need to be more
  transparent in providing data on fi scal policy.

The frank discussion at the Roundtable throws up important
questions, such as whether multinational corporations
are gaining too much from government incentives at the
expense of small- and medium-sized enterprises, thereby
discouraging entrepreneurship. This second report will
hopefully act as a catalyst towards greater openness in the
Singapore economy.

1. Opening Remarks
   By Professor Tommy Koh
   Director, Institute of Policy Studies, Singapore
   
   By Mr Patrick Daniel
   Managing Editor, English/Malay Newspapers Division
   Singapore Press Holdings
   
   
2. Recent Macroeconomic Developments in Singapore
   Mr Edward Robinson
   Principal Economist, Economic Policy Department
   Monetary Authority of Singapore
   
   
3. Singapore’s Economic Outlook and Fiscal Policy
   Mr Ray Farris
   Director, Head of Asian Fixed Income Strategy
   Credit Suisse First Boston
   
   
4. Comments on Singapore’s Economic Outlook and Fiscal Policy
   Mr Nizam M Idris
   Deputy Head of Research
   IDEAglobal Ltd
   
   
5. Discussion on Singapore’s Economic Outlook and Fiscal Policy
   
   
6. The US Dollar Outlook and its Impact on Singapore’s Monetary Policy
   Mr Cliff Tan
   Director, Asia-Pacific Economic and Market Analysis
   Citigroup, Singapore
   
   
7. Comments on the US Dollar Outlook and Singapore
   Associate Professor Tilak Abeysinghe
   Deputy Head, Department of Economics
   Faculty of Arts and Social Sciences
   National University of Singapore
   
   
8. Discussion on the US Dollar Outlook and Singapore
   
   
9. Conclusion

The Participants: Chairpersons, Presenters, Commentators, Discussants and Observers
Curricula Vitae of Presenters
Abbreviations

Manu Bhaskaran and Khanna, Vikram, eds. 2004. The Second Singapore Economic Roundtable. Singapore: SNP Reference.

(71 pages, ISBN 981 248 080 3)