Archive For The “Singapore” Category

Behavioural Economics In Healthcare Policy

Behavioural Economics In Healthcare Policy

Behavioural Economics in Healthcare Policy By Malvick Ong For all who took Econs 101, standard economic theory roots itself on the assumption that people are rational, self-interested and utility-maximising agents. As such, individuals are assumed to make optimised decisions by weighing the cost/benefit of competing options. Authors of Freakonomics, Steven Levitt and Stephen Dubner, succinctly…

Train disruptions and their impacts on the economy

Train disruptions and their impacts on the economy

Train disruptions and their impacts on the economy by: Wong Wen Hao   2017 has not been a good year for SMRT. Besides multiple disruptions, engineers had to deal with flooding and a track signaling fault which resulted in a train collision.   More than three million trips are made on the MRT daily, and…

Foreign workforce in Singapore, a Boon or a Bane to the Economy?

Foreign workforce in Singapore, a Boon or a Bane to the Economy?

Foreign workforce in Singapore, a Boon or a Bane to the Economy? by: Chen Xin Yong Introduction At the turn of the century, Singapore‚Äôs Gross Domestic Product (GDP) has been escalating almost exponentially, from US$89bn in 2001 to nearly US$300bn in 2015[1].   With such phenomenal growth, more resources are required to sustain the economy,…

Go Top