Economic Society of Singapore

2009 Discussion Series


January 2009
“2009: Another Annus Horriblis?”




The near collapse of critical parts of the global financial system has produced an unprecedented economic meltdown in virtually every part of the globe. The financial landscape has changed with icons of finance such as Bear Stearns and Lehman Brothers no longer existing. The tremors from Wall Street are now felt around the world, with serious repercussions for those below the poverty line.  With the global economy now entering the worst recession since the 1930s, what lessons can we learn from the past in order to anticipate unfolding events in 2009?  Former US Deputy Assistant Secretary of the Treasury for Economic Policy from 1993 to 1995, Bradford De Long is a renowned economic historian who will draw lessons from past financial crises and highlight possible outcomes going forward in 2009.




About Professor J Brad DeLong

Professor J Brad DeLong is an expert on international economics and finance, with an impressive portfolio of academic research and public service. He offers global, regional and national economic overviews, informed discussion of trends in inflation, trade, currencies and other economic issues affecting business, and insights into economic policy.He served in the US government as Deputy Assistant Secretary of the Treasury for Economic Policy from 1993 to 1995, where he worked on the Clinton Administration’s 1993 budget, on the Uruguay Round of the General Agreement on Tariffs and Trade, on the North American Free Trade Agreement, on macroeconomic policy, on the unsuccessful health care reform effort, and on many other issues.

DeLong has written on the evolution and functioning of the U.S. and other nations’ stock markets, the dynamics of long-run economic growth, the making of economic policy, the changing nature of the American business cycle, and the history of economic thought.J Bradford DeLong is a professor of economics at the University of California Berkeley, where he chairs the international political economy major. A research associate of the National Bureau of Economic Research, he also was Danziger Associate Professor of economics at Harvard University and John M Olin Fellow at the National Bureau of Economic Research.


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February 2009 A Dialogue with Prof Linda Lim:

“How Should the Role of the Government in Singapore’s Economy Change?”




“The Singapore economy is at critical juncture, facing the sharpest slowdown is many decades. What is the appropriate role for government policy in response to this crisis? Beyond the crisis, Singapore faces other challenges. As other economies raise their productive capacity and compete more effectively with Singapore, are there aspects of the top down growth model in Singapore that need to change?”


Prof Linda Lim will be addressing these issues in her lecture and engage the audience in a dialogue on the policy options facing Singapore in the period ahead.



 About Prof Linda Lim


Linda Lim is Professor of Strategy at the Stephen M. Ross School of Business at the University of Michigan, where she is also Director of the Center for Southeast Asian Studies. She was a member of the executive committees of institutes such as the Center for International Business Education and Office of International Program; a faculty associate of the Center for Japanese Studies and the Center for the South Asian Studies. She has served as Associate Director of the International Institute; a board member of the Knight Wallace Journalism Fellow and a member of the President’s China Task Force, all at the University.


April 2009 A Talk by Mr Ivailo Izvorski from World Bank ““East Asia Pacific Update”


Economic Society of Singapore co-organises with Department of Economics, Singapore Management University the “East Asia Pacific Update” by Mr. Ivailo Izvorsksi of World Bank. The talk was chaired by ESS Vice President and Chairman of Events Sub-committee, Mr. Manu Bhaskaran.


October 2009 “How Soon Will the Recovery Be?”


Another successful seminar by Economic Society of Singapore (ESS) co-organized with SMU School of Economics on “How Soon Will the Recovery Be?” with Mr. Charles Burton (left of photo), Board of Director of Oxford Economics Limited as Speaker and Professor Roberto Mariano (right of photo), ESS, Council Member and Dean of SMU School of Economics & Sim Kee Boon Institute for Financial Economics as Chairperson of the event.

The presentation hoped to provide the information and analysis needed to develop the annual strategies and business plans and it deliberated on the most pressing global issues and outlook. The seminar also tackled on: Why should we make of the “green shoots? How much longer does the global recession have to run? Has enough been done to tackle the banking crisis? Is the monetary stimulus working? What are the risks to the global and China outlook?


Click here for presentation slides.