Economics in Singapore context

Singapore Context Economics Essays

• Discuss the best policy option that the Singapore government could adopt to reduce the adverse impact of the global financial crisis in the year 2008.
• Evaluate the effectiveness of the Certificate of Entitlement (COE) system and Electronic Road Pricing (ERP) in managing traffic congestion in Singapore.
• Using the relevant elasticity concepts, account for Singapore’s decision to open the Integrated Resorts.
• Assess the various policy measures that the Singapore government currently adopts to reduce inequality in income distribution and consider whether new policies will be required.
• With reference to examples, discuss whether there is a need to change the current policies adopted by the Singapore government in the market for healthcare.
• Consider whether market-based solutions are the best way for the Singapore government to correct market failure that results from the existence of a negative externality.
• Explain how Singapore’s balance of payments might have been affected by the global business cycle in recent years.
• Explain how and why Singapore uses exchange rates rather than interest rates to control inflation.
• Discuss whether a surge in inflation is more likely to affect the domestic or external sectors of the Singapore economy.
• Consider whether high household savings is always beneficial to Singapore.
• Explain the determinants of housing prices in Singapore.
• Assess the view that the Singapore government should use taxes rather than any other economic policies when dealing with the market failure associated with negative externalities.
• Analyse the recent sources of inflation in Singapore and assess whether low inflation should be the main macroeconomic objective of the Singapore government.
• Explain why Singapore signs FTAs with other countries.
• Assess the extent to which globalization has changed Singapore’s pattern of trade.
• Assess the effectiveness of the policies implemented to solve the problem of traffic congestion and the possibility of government failure in implementing these policies in Singapore.
• Assess whether China’s growth is a threat or a benefit to the Singapore economy.
• Discuss the view that direct provision by the government is the most effective policy to adopt in tackling the sources of market failure in the healthcare industry in Singapore.
• Explain the possible impacts that Free Trade Agreements have on Singapore’s economy.
• Discuss whether a tightening monetary policy is the best policy to maintain Singapore’s favourable current account balance.

For more tips on the Singapore economy, do purchase Anthony Fok’s Economics book, “Understanding the Singapore Economy“. The book is sold at all major bookshops in Singapore.