Kiasunomics 2: Economic Insights For Everyday Life. Sumit Agarwal

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Название Kiasunomics 2: Economic Insights For Everyday Life
Автор произведения Sumit Agarwal
Жанр Маркетинг, PR, реклама
Серия
Издательство Маркетинг, PR, реклама
Год выпуска 0
isbn 9789811217111



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About the Authors

       Foreword

      I first read Kiasunomics© back in 2017, when Sumit, Swee Hoon, and Tien Foo sent me a copy. It was interesting and easy to read.

      I have some background in economics — I completed a BSc (Econ) degree back in 1991 — and I have to admit that economics concepts are not easily explained to the layman. I enjoyed how the authors contextualised the topics to Singapore, and made the issues easy to understand.

      In January 2020, Swee Hoon passed me the draft for Kiasunomics©2, and I had the privilege of a preview before the book was published.

      I believe most of us will find the authors’ insights on topics such as app-hailing, mobile payments, mobile wallets particularly interesting, with these technologies being recent innovations that have very quickly become part and parcel of consumer behaviour in Singapore. ‘Like Father, Like Son?’ will resonate with many parents. Inter-generational housing wealth is a topic that many in my generation are probably thinking about.

      More importantly, many academics know that I am a champion of research into Singapore issues. We are a crucible of policy experimentation. Many countries are curious about how Singapore manages issues like ageing, education for a new era, housing for masses, inequality, and environmental protection. Even in managing the coronavirus disease, or COVID-19, other countries are interested in what we do.

      I do not think that doing research on Singapore topics, versus gaining an international audience and publishing in top-tier journals, are mutually exclusive. Local research in fact distinguishes Singapore universities from other universities around the world.

      I would therefore like to thank Sumit, Swee Hoon, and Tien Foo for their enthusiasm in local research. I am glad that they are donating the royalty proceeds from Kiasunomics© to bursaries and scholarships, and have pledged to do the same for Kiasunomics©2.

       Ong Ye Kung

      Minister for Education

      (2015 – 2020)

       Acknowledgements

      Our thanks to our research collaborators as well as our National University of Singapore colleagues whose interesting and meaningful research help to make this book possible:

      BASU Debarati

      CHAROENWONG Ben

      CHENG Shih Fen

      CHEONG Alan

      CHIA Liu Ee

      CHOI Hyun-Soo

      CHOMSISENGPHET Souphala

      CHONG Juin Kuan

      CHU Junhong

      DIAO Mi

      FAN Yi

      GHOSH Pulak

      GOETTE Lorenz

      HE Jia

      HO Teck Hua

      KEPPO Jussi

      KOO Kang Mo

      LI Jing

      LI Keyang

      LIM Cheryl

      LIM Yong Long

      LIU Haoming

      MAHANAAZ Sultana

      MEIER Stephen

      PAN Jessica

      PAREEK Bhuvanesh

      PNG Ivan P.L.

      QIAN Wenlan

      QIN Yu

      REEB David M.

      RENGARAJAN Satyanarain

      RUAN Tianyue

      SERU Amit

      SONG Changcheng

      TAN Poh Lin

      TEO Ernie

      TIEFENBECK Verena

      VOLLMER Derek

      WANG Davin Hong Yip

      WANG Zhiwen

      WONG Wei-Kang

      WU Jing

      YAN Jubo

      YANG Nan

      YANG Yang

      YEUNG Bernard

      ZHANG Jian

      ZHANG Xiaoyu

      ZHU Hongjia

      ZOU Xin

      Our heartfelt appreciation also extends to the organisations who generously shared their data with us so that research can be conducted to benefit the society.

      The talented staff at World Scientific – Chua Hong Koon, Jiang Yulin and Jimmy Low – deserve praise for their role in shaping this book.

      We also thank Professor Andy Rose, Ms Chua Nan Sze and Ms Dawn Chin at National University of Singapore Business School; Professor Lam Khee Poh and Associate Professor Yu Shi Ming at School of Design and Environment, and Dr Seek Ngee Huat and Board Members of the Institute of Real Estate and Urban Studies (IREUS) for their encouragement and support.

      Finally, our overriding debt continues to be our families who provided the time, support and inspiration to our research and preparation of this book.

       Note from the Authors

      •The Singlish term kiasu means “scared to lose”.

      •Some of the research findings presented in the book are from SSRN (Social Science Research Network) working papers. Readers without full access to the SSRN working papers can email to any of the authors for a copy of the working paper.

      •Unless otherwise stated, values prefixed with simple dollar ‘$’ are in Singapore dollar.

       List of Acronyms


ABFER Asian Bureau of Finance and Economic Research
AQI Air Quality Index
ARF Additional Registration Fee
ATM Automated Teller Machine
AYE Ayer Rajah Expressway
BTO Build-To-Order
CBD Central Business District
CEA Council for Estate Agencies
CHAS Community Health Assist Scheme
CO Carbon Monoxide
COE Certificate of Entitlement
COV Cash-over-Valuation