June 2024

Discuss the extent to which protectionism can help developed nations to correct the balance of payments problems arising from the emergence of developing nations.           

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Synopsis: Students are expected to provide detailed illustration of how various protectionistic measures, such as tariff and quota, can be implemented by developed countries to correct the BOP deficit. Adequate limitations of such measures in correcting BOP deficit must be discussed, especially the issue of loss of CA by developed nations. Students are to provide […]

Discuss the extent to which protectionism can help developed nations to correct the balance of payments problems arising from the emergence of developing nations.            Read More »

Discuss the impact of falling domestic interest rates and rising labour productivity on the Singapore economy.

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1) Explain causes of falling interest rates and rising labour productivity briefly Falling interest rates: Since the MAS targets Singapore’s exchange rate as their primary monetary policy tool, they give up control over the interest rate. Two things affect the interest rate in Singapore which has a very open economy with a well-developed financial system:

Discuss the impact of falling domestic interest rates and rising labour productivity on the Singapore economy. Read More »

Analyse, with examples, the main causes of market failure in Singapore in recent years and the effectiveness of government responses.

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Intro Explain Market Failure Explain causes of market failure Nature of Singapore economy Body Identify 3 causes of market failure faced in Singapore recently, related to globalisation such as: Explain each cause in detail: Conclusion

Analyse, with examples, the main causes of market failure in Singapore in recent years and the effectiveness of government responses. Read More »