Has Singapore become a market society?



Chatham house rule applies for this forum.


6.50pm: Arrival of speakers at Tembusu College Multi-purpose Hall

7.00pm: A/P Gregory Clancey will introduce the Tembusu Forum

7.05pm: Prof Koh will introduce the topic

7.10 – 8.00pm: Each speaker will take turns at the podium after their respective introductions by Prof Koh

8.00 – 9.00pm: All speakers to take their seat on stage for Q&A session with students

9.00pm: End of forum

Audience to be seated by 6:45pm

Register at this link or click on the poster.

Speaker Biographies:

Mr Donald Low is Associate Dean (Research and Executive Education) at the Lee Kuan Yew School of Public Policy. Besides leading the School’s executive education efforts, he also has administrative oversight of the School’s research centres and heads its case study unit. His research interests at the School include inequality and social spending, behavioural economics, economics and public policy, public finance, and governance and politics in Singapore.

Prior to his current appointment, Mr Low served fifteen years in the Singapore government. During that time, he established the Centre for Public Economics at the Civil Service College of Singapore to advance economics literacy in the Singapore government. Mr Low also held various senior positions at the heart of the Singapore government. He was the Director of Fiscal Policy at the Ministry of Finance from 2004 to 2005, and the Director of the Strategic Policy Office in the Public Service Division from 2006 to 2007.

Mr Low co-wrote and edited Behavioural Economics and Policy Design: Examples from Singapore (2011), a pioneering book which details how the Singapore government has applied ideas from the field of behavioural economics in the design of public policies.

Mr Low holds a double first in Politics, Philosophy and Economics from Oxford University, and a Masters in International Public Policy from The Johns Hopkins University’s School of Advanced International Studies. He is currently a Vice President at the Economics Society of Singapore.

Professor Ng Yew-Kwang is the Albert Winsemius Chair Professor in the Division of Economics, Nanyang Technological University. He obtained his BCom from Nanyang University in 1966, and PhD from Sydney University in 1971. He was a professor of economics at Monash University 1985-2012 (and an emeritus professor since 2013) and has been a fellow of the Academy of Social Sciences in Australia since 1980. In 2007, he received the highest award (Distinguished Fellow) of the Economic Society of Australia.

Prof Ng has published over two hundred refereed papers in leading journals in economics, including the American Economic Review (7 papers), Economica (9), Economic Journal (6), Journal of Economic Theory, Journal of Political Economy (3), Review of Economic Studies (2), Social Choice & Welfare (13), and in biology, cosmology, mathematics, philosophy, psychology, and sociology. His recent books include Common Mistakes in Economics: By the Public, Students, Economists, and Nobel Laureates, Nova, 2011; How Did the Universe Come About? Fudan University Press, 2011; The Road to Happiness, Fudan University Press, July 2013.

Directions can be found at this link. Parking lots are available at the basement of the Edusports Complex. Charges apply.


The Tembusu (Fagraea fragrans) is a large evergreen tree in the family Gentianaceae. It is native to Southeast Asia. Its trunk is dark brown, with deeply fissured bark, looking somewhat like a bittergourd. It grows in an irregular shape from 10 to 25m high. Its leaves are light green and oval in shape. Its yellowish flowers have a distinct fragrance and the fruits of the tree are bitter tasting red berries, which are eaten by birds and fruit bats.