The book 2016 Annual Competitiveness Analysis and Growth Slowdown Analysis for ASEAN-10 begins by presenting the insights of Mr George Yeo, Former Minister for Foreign Affairs of Singapore, who provides a thoughtful reflection on identities and their continued relevance for policy-making. It then provides an update to the annual competitiveness analysis for ASEAN-10. Based on a rich dataset of 121 indicators, the study covers four environments of competitiveness: (1) Macroeconomic Stability, (2) Government and Institutional Setting, (3) Financial, Businesses and Manpower Conditions, and (4) Quality of Life and Infrastructure Development. It then presents each economy's strengths and weaknesses, and conducts "what-if" policy simulations to offer insights into the ASEAN economies. Furthermore, given prevailing worries about ASEAN economies falling into the "middle-income trap", growth slowdown analysis for the ASEAN economies is conducted. Through income-group specific econometric models, determinants of growth slowdown are identified and predictive probability of slowdown for each ASEAN economy is computed. Finally, progress of economic reforms in Cambodia, Laos, Myanmar and Vietnam is evaluated, from which policy implications for these countries' future development are drawn.
Sample Chapter(s)
Foreword (52 KB)
Chapter 1: A Sense of Self in an Age of Globalisation and ASEAN¡¯s Respect for Diversity (141 KB)
Contents:
- A Sense of Self in an Age of Globalisation and ASEAN's Respect for Diversity
- 2016 Update on Annual Competitiveness Analysis for ASEAN-10
- Growth Slowdown Analysis by Income Thresholds for ASEAN Economies
- Transitional Economies in ASEAN: Reform Progress, Challenges and Policy Options
- Positioning Singapore for the Waves of Change: Building Deep Capabilities for the Future Economy
- Concluding Remarks and Future Research Agenda
Readership: Researchers and advance graduates studying ASEAN developmental economics.
Tan Khee Giap is a Co-Director of the Asia Competitiveness Institute (ACI) and Associate Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore. He is also the Chairman of the Singapore National Committee for Pacific Economic Cooperation. Upon graduating with a PhD from University of East Anglia, England, in 1987 under the Overseas Research Scheme awarded by the Committee of Vice-Chancellors and Principals of the Universities of the United Kingdom, he joined the banking sector as a treasury manager and served as secretary to the Assets and Liabilities Committee for three years, thereafter he taught at the Department of Economics and Statistics, National University of Singapore, 1990–1993. Dr Tan joined Nanyang Technological University in 1993 and was Associate Dean, Graduate Studies Office, 2007–2009. He is now with Lee Kuan Yew School of Public Policy, National University of Singapore.
Dr Tan has consulted extensively with the various government ministries, statutory boards and government-linked companies of Singapore government including Ministry of Finance, Ministry of Trade & Industry, Ministry of Manpower, Housing & Development Board, Civil Aviation Authority of Singapore, Singapore Tourism Board, Trade Development Board, Maritime Port Authority, Ministry of Information, Culture & Arts, Economic Development Board, Ministry of National Development, Media Development Authority, Ministry of Environment and Water Resources, Singapore Design Council, Ministry of Community Development, Youth & Sports, Singapore Press Holdings, Mendaki, StarHub, CapitaLand and Great Eastern Life on policies concerning financial, fiscal, trade, tourism, public housing, labour, telecommunication, tourism, liveable cities, creative industry, media, community development, airport and seaport activities. He has also served as a consultant to international agencies such as the Asian Development Bank, Asian Development Bank Institute, United Nations Industrial Development Group, World Gold Council, ASEAN Secretariat, Central Policy Unit of Hong Kong, Kerzner International, Las Vegas Sands and Marina Bay Sands.
Dr Tan is the lead author for 27 books, serving as journals editor and published widely in international refereed journals. His current research interests include econometric forecasting, Cost of Living Index, Global Liveable Cities Index and competitiveness analysis on 31 provinces in China, 35 states in India and ASEAN-10 economies.
Dr Tan was Deputy President of the Singapore Economic Society, 2004. He served in the 2002 Economic Review Committee (ERC). He has also served as Chairman of the Task Force on Portable Medical Benefits (PMB), as the Deputy Chairman of the IPS Forum for Economic Restructuring (IFER) in 2003 and as a member of the Resource Panel of the Government Parliamentary Committee for Transport, Government Parliamentary Committee for Finance and Trade & Industry and Government Parliamentary Committee for Defence and Foreign Affairs since 2007.
Dr Tan has extensively advised and guided multinational corporations leading to public listings especially those companies from Mainland China and Taiwan. He is also currently an Independent Director of the publicly listed BreadTalk Group, Boustead Projects, TEE Land and Chengdu Rural Commercial Bank.
Nguyen Le Phuong Anh is a Research Fellow at the Asia Competitiveness Institute (ACI) at the Lee Kuan Yew School of Public Policy (LKYSPP), National University of Singapore (NUS). Phuong Anh received her Bachelor (Honours) degree in Economics from Nanyang Technological University (NTU), Singapore, and a Master of Science degree in Development Studies from London School of Economics and Political Science (LSE), United Kingdom. Prior to joining ACI, she gained extensive experience working in the financial sector with OCBC, DBS and Bloomberg L.P. in Singapore, and additionally held a research internship position at the Mekong Institute in Khon Kaen, Thailand. At ACI, she co-authored two books titled 2014 Annual Indices for Expatriates and Ordinary Residents on Cost of Living, Wages and Purchasing Power for World's Major Cities and 2014 Annual Competitiveness Ranking and Simulation Study for ASEAN-10 and Development Strategies to Enhance Asia Economic Connectivity, and an editorial opinion on Vietnam for The Straits Times. She is currently coordinating the annual competitiveness study of the ASEAN-10 economies. Phuong Anh's research interests include economic development policy, international political economy, ASEAN economies and applied econometrics.
Luu Nguyen Trieu Duong is a Research Associate at the Asia Competitiveness Institute (ACI), Lee Kuan Yew School of Public Policy (LKYSPP), National University of Singapore (NUS). Luu graduated from NUS in 2015 with a Second Upper Class Honours Bachelor of Social Sciences in Economics. Luu was a recipient of the ASEAN Undergraduate Scholarship and was placed on the Dean's List and Dean's Scholar List on separate occasions during his course of study. At ACI, he is the lead coordinator of the ACI's flagship project "Cost of Living, Wages and Purchasing Power Indices for Expatriates and Ordinary Residents in World's Major Cities", the lead coordinator of the project "Econometric Modelling of Domestic and External Engines of Growth for ASEAN Economies" and the co-coordinator of the ASEAN research cluster overseeing all projects related to ASEAN-10. He also participated extensively in the research on growth slowdown analysis by income thresholds and the study on the effects of exchange rate on foreign direct investments. Luu has co-authored journal articles, books and editorial-opinions on cost of living in world's major cities as well as economic development in ASEAN economies. Luu's research interests include growth and development, ASEAN economies, applied econometrics, international trade and public economics.
