The article analyzes the limits of the IMF as a global multilateral economic agency to handle serious balance of payments disequilibria. Capital control and growth rates in developing Asia and the twin deficit problem of the United States are also discussed. It also assesses the probability of...

In this presentation, Professor Lim Chong Yah revisits his original proposal for “Shock Therapy II”, paying particular attention to the need to have a pause for three years for the very top income-earners with a view not to slide into “unconscionable salaries”. He also outlines the need...

The Trinity Growth Theory, which consists of the EGOIN Theory, the Triple C Theory and the S Curve Theory, is an elegant composite theory to explain (1) why growth levels differ among nations, (2) why growth rates also differ among nations, (3) why growth levels and growth rates differ among...

This paper attempts to explain why growth rates and why growth levels differ so much among the 17 economies in East Asia. The EGOIN theory, the Triple C Theory and the S Curve Theory are used in the explanation. The three hypotheses in the three cognate theories are also tested for their general...