Wednesday, 8 February 2017
The Straits Times
In today’s edition of The Straits Times, there was an article contribution by Associate Professor Shin Jang-Sup from the Department of Economics at NUS Faculty of Arts and Social Sciences. Assoc Prof Shin noted that history tells us that the freest trade does not necessarily guarantee maximum growth of the world economy. He opined that it also tells us that the launch of the World Trade Organization regime and various other initiatives to further liberalise the world economy, including the Trans-Pacific Partnership (TPP) had, at best, a marginal effect on global economic growth. He added that in this respect, US President Donald Trump’s dumping of TPP and his intended revisions of other trade agreements would not have strong negative effects on the world economy.
Click here to read the article.