Singapore Economic Policy Forum is now in its 12th year, and it has established a reputation as a leading platform for economic policy discussion in Singapore.
Prof Chang’s presentation focuses on the position of Singapore in global value chains. The paper traces how the position of Singapore in global value chains has changed in the past two decades: whether it has moved upstream or downstream, how involved it is in global value chains, how its trend compares with other major Asian exporting countries (China, Japan, Korea and Taiwan), and which key sectors of Singapore play a major role in these global trade networks.
Prof Tan’s presentation focuses on the one belt one road and the US China trade and tech war as well as their implications for Singapore and ASEAN international competitiveness and their next stage of growth. It highlights the importance of Singapore and ASEAN unity amidst US China rivalry. It concludes by examining the implications for Singapore’s future challenges.
Mr Teo’s presentation is a Peer-to-Peer Lending, or debt crowdfunding, was introduced in Singapore in 2013 after its success in the UK, USA and Europe. Mr Teo shares the misconceptions of the SME financing industry in Singapore, and the role debt crowdfunding plays in our economy.
Singapore’s crowdfunding volumes have grown rapidly to make Singapore the top crowdfunding hub in Southeast Asia. Prof Tan and Ms Tok presentation discussed the key drivers of fintech credit for the top ten fintech credit markets in the world, including Singapore using a panel data approach, and if crowdfunding has contributed to improving SMEs’ cashflow in Singapore. They discuss the implications of crowdfunding on banks and Singapore’s approach to regulating crowdfunders.
Economic Society of Singapore
c/o Department of Economics
National University of Singapore
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