The resurgence of private capital inflows into Asia in recent years has raised the question of whether the region is susceptible to yet another financial crisis. While a sudden large-scale reversal of capital flows is not likely to result in a liquidity crunch or balance of payments crisis, the...

Singapore has one of the most open economies in Asia in terms of trade, foreign direct investment inflows, and foreign labor inflows. By 2010, citizens formed only 63.6% of the population and foreigners (not including permanent residents) form 34.7% of the labor force. This high foreign labor...

In the emerging globalised knowledge society/economy, a group of professionals, namely experts and consultants gain in importance. The paper discusses the following issues: Who are these experts and consultants? Why is this group of knowledge workers strategically important and why is their...

Seit geraumer Zeit werden in einigen Ländern Straßenbenutzungsgebühren in Innenstädten (City-Maut) zur Verkehrsbeeinflussung sowie zur Finanzierung von Verkehrsinvestitionen erhoben. In den Städten, in denen eine City-Maut zur Verkehrsbeeinflussung eingesetzt wurde, konnte meist eine...

East Asian students regularly take top positions in international league tables of educational performance. Using internationally comparable student-level data, I estimate how family background and schooling policies affect student performance in five high-performing East Asian economies. Family...

We compare changes in schooling output and in schooling input of six East Asian countries to derive a measure of productivity change. Our results question the impression that all is well with education in East Asia. First, we find that the cognitive achievement of pupils did not change...

From the perspective of institutional analysis, this paper evaluates the placeremaking process of Niucheshui in Singapore. Since the 1960s, redevelopment in Niucheshui has been substantially shaped by the property rights regimes over land and buildings. Because property rights are defined by the...