Economic Policy and the Global Environment
Table of Contents
1.Economic Overview …..................................................……...……….…. 3
2.Essay Objective ……………….................................................................. 3
3.Summary of the Chosen Article …….....................................………......... 3
4.Background on 2008 Recession …......................................……………… 4
5.V Shaped Recession ……………….......................................……………. 5
6.Low Interest Rates Causing a Medium Term Inflation Risk ……….…….. 6
7.Cost-Push Inflation ………………....................................................…….. 7
8.Rapid growth in Asian markets also threatens rising inflation…….……... 8
9.Unemployment ……………................................……………………….... 8
10. Raising interest rates ………………………………………...................... 8
11.Automatic Fiscal Policy ............................................................................. 10
12.Appreciation of the Singapore Dollar ........................................................ 10
13.Stronger Domestic Growth ......................................................................... 11
14.Conclusion .................................................................................................. 11
15.References .................................................................................................. 12
16.Appendix .................................................................................................... 13
Economic Overview Singapore economy is a highly developed one with a successful free market economy in which the government plays a major role. Singapore has long pursued economic policies that promote open trade and investment. These policies have allowed Singapore to overcome it 's land, labour and resource constraints, and develop into one of the world 's most successful open trading and investment regimes.
According to the World Bank “Doing Business 2010 Report,” Singapore economy is considered to be
1.Economic Overview …..................................................……...……….…. 3
2.Essay Objective ……………….................................................................. 3
3.Summary of the Chosen Article …….....................................………......... 3
4.Background on 2008 Recession …......................................……………… 4
5.V Shaped Recession ……………….......................................……………. 5
6.Low Interest Rates Causing a Medium Term Inflation Risk ……….…….. 6
7.Cost-Push Inflation ………………....................................................…….. 7
8.Rapid growth in Asian markets also threatens rising inflation…….……... 8
9.Unemployment ……………................................……………………….... 8
10. Raising interest rates ………………………………………...................... 8
11.Automatic Fiscal Policy ............................................................................. 10
12.Appreciation of the Singapore Dollar ........................................................ 10
13.Stronger Domestic Growth ......................................................................... 11
14.Conclusion .................................................................................................. 11
15.References .................................................................................................. 12
16.Appendix .................................................................................................... 13
Economic Overview Singapore economy is a highly developed one with a successful free market economy in which the government plays a major role. Singapore has long pursued economic policies that promote open trade and investment. These policies have allowed Singapore to overcome it 's land, labour and resource constraints, and develop into one of the world 's most successful open trading and investment regimes.
According to the World Bank “Doing Business 2010 Report,” Singapore economy is considered to be
References: V Shaped Curve Diagram - http://www.oxfamblogs.org/fp2p/?tag=g2,(The Economist, August 3rd, 2009) Fiscal Policy - http://www.timescolonist.com/business/boss+calls+feds+tighten+fiscal+policy/2728144/ story.html#ixzz0r5b8RXDp Time for Gradual Monetary Tightening (Strait Times dated 9th July 2010) http://www.oxfamblogs.org/fp2p/?tag=g2 (The Economist, August 3rd, 2009)