Economic Resilience in the Face of the Coronavirus Challenge

This paper looks at how the pressing questions of global economic outlook have moved from the stagnating nature of global trade to the resilience and recovery of economies in the face of the pandemic. This enquiry is more applicable to high- income, leading economies that are forecast to see a return to pre-crisis levels of output much later than their developing and lower income counterparts.  

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The Extraordinary Rise of Singapore

In the first of series of such briefings, we identify some of the key transformative processes and features that have elevated Singapore from a low-income port city state to a dynamic, high income node within a premier league of global cities, including London, New York, Dubai and Hong Kong.

 

A key argument we make is that incumbency and status as a global city is not guaranteed, Aspiring cities – a future Singapore for instance – can attain premier league status within a relatively short space of time through investment led growth, an attractive incentivisation structure and highly trusted economic policy based on open trade, competitive markets, property rights protection and the rule of law.



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