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ECONOMICS

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Market system?
"Under capitalism, man exploits man. Under communism, it's just the opposite."
-John Kenneth Galbraith

economist talking



Globalisation LINKS the world

09S6F!
09s61 (ECONS)
09S65 (ECONS)
09S7e (ECONS)

Archives, Go back in time

March 2009
May 2009

thank you.


Thursday, March 12, 2009

A risk for future ease

Singapore's approach in face of the financial crisis.

Singapore Prime Minister Lee Hsien Long said the city-state's financial system must remain open to the world although the presence of foreign banks poses potential risks in the current economic downturn.

"While we take reasonable safeguards, we must stay open to the world," said Mr Lee. "Walling ourselves in does not mean that we would be safe; it just means we will starve."


♥ 11:16 PM