Brexit, Bretton Woods & Globalization
With the Brexit, a good way to pin down the swirling permutations of consequences would be to go back to first principles. Why do you even need globalization? Not just trade per se but globalization. Globalization is defined as ‘a process of interaction and integration among the people, companies, and governments of different...
Brexit and Singapore
Everyone is looking at the UK referendum on whether to leave the European Union, as a microcosm of the dynamics of globalization, income inequality, cities and rural, jet setting set and ordinary workers. And as of 10.45am today, the ‘leave’ is up 51.6% and the GBP/USD takes a dive from 1.48 to 1.37. The economic experts...
US and China – Singapore boleh or bodoh
Reference: An opinion piece by Cheng Bifan (Chinese Academy of Social Sciences Researcher), entitled "Singapore has picked the wrong target in its balance of powers strategy" 9 Jun 2016. He gave three points as to why Singapore seems to be siding with US against China: 1. LKY and other PAP leaders had misgivings about whether...
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