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ISBN 9789810860110
Talisman Publishing
Paperback
Jul 2010
S$36.00
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Sovereign Wealth Funds
Lixia Loh
Sovereign Wealth Funds (SWFs) have been much discussed since the term was first coined in 2005 and yet remain little understood and appreciated. These state-investment entities have regularly and spectacularly made news headlines around the world in recent years following their major purchases of European and U.S. financial and
strategic assets. This publicity however unwelcome in the world of international finance has stirred increasing debate and concerns about SWFs, their roles and objectives. These funds, however, are nothing new. The first modern SWF, Kuwait Investment Board, was set up in 1953. Today, SWFs hold around $3 trillion USD in assets and are estimated to grow to $12 trillion USD by 2012. With such a rapid growth trajectory, what new challenges do these funds pose for governments and businesses? Sovereign Wealth Funds: States Buying the World provides a comprehensive overview of SWFs, tracing their origins, objectives, investment strategies, modus operandi, and implications to the international financial system. This book deals with the subject in depth, covering the structure and strategy of SWFs clearly and comprehensively.
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ISBN 9789810853556
Talisman Publishing
Paperback
Jul 2010
S$36.00 |
Public Administration Singapore Style
Jon S.T. Quah
Singapore was ranked first for the competence of its public officials from 1999 to 2002 by the Global Competitiveness Report. While research has been done on various aspects of public administration in Singapore, there is to date no comprehensive study of the Singapore Civil Service and the statutory boards and their contribution to the attainment of national development goals. The aim of this book is to rectify this gap in the literature by providing a detailed study of public administration The book's main conclusion is that the nature and success of public administration in Singapore results from the combined influence of Singapore's context and the various policies introduced by the People's Action Party (PAP) government since it assumed office in June 1959, over 50 years ago.
This book will be of interest to those who are contemplating a career in the Singapore Civil Service or one of the many statutory boards, as well as scholars, practitioners, and students interested in drawing lessons from the Singapore experience. |
ISBN 9780300154320
Yale University Press
Hardback
May 2010
US$30.00 |
Losing Control - The Emerging Threats to Western Prosperity
Stephen D. King
As the economic giants of Asia and elsewhere have awakened, Western leaders have increasingly struggled to maintain economic stability. The international financial crisis that began in 2007 is but one result of the emerging nations’ increased gravitational pull. In this vividly written and compellingly argued book, Stephen D. King, the global chief economist at HSBC, one of the largest banking groups in the world, suggests that the decades ahead will see a major redistribution of wealth and power across the globe that will force consumers in the United States and Europe to stop living beyond their means.
The tide of money washing in from emerging nations has already fuelled the recent property bubble in the West, while new patterns of trade have left the West increasingly dependent on risky financial services. Unless things change drastically, King argues, the increasing power of emerging markets, when coupled with poor internal regulation and an increasingly anachronistic system of global governance, will result in greater instability and income inequality, accompanied by the risk of a major dollar decline. And as Western populations age and emerging economies develop further, the social and political consequences may be alarming to citizens who have grown accustomed to living in prosperity. |
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