“I am confident that the Adam Smith Center will play a constructive role in shaping public policy in Singapore. ”
Within one generation, trade-based, liberal global economy in Asia has lifted millions out of poverty and promises development for many others. Market reforms, have however stalled since the 2008 financial crisis which swung the pendulum of public opinion in favor of interventionist policy ideas. Asia once again finds itself at crossroads as it ponders its next phase of development. What Asia chooses will in turn affect the world at large.
In such a landscape, I am now more convinced than ever of the importance of intellectual thought-leadership. Throughout my career, I have advised numerous global institutions on economic policy, including the World Economic Forum, the European Center for International Political Economy and the Mont Pelerin Society. What thought leaders and think tanks do, greatly shape the future of public policy.
What Asia needs more than ever, is a new generation of thought leaders who will make the case for an open,
trade-based, liberal global economy. For all these reasons, I am proud to be a part of the Adam Smith Center. Singapore today stands as a testament to the power of a free and open economy. Its policymakers have, astutely, harnessed the power of trade and markets for the betterment of ordinary Singaporeans. Being a gateway to Asia, I believe that Singapore can continue to be an inspirational exemplar for other nations to emulate.
But one must always guard against complacency, for the principles that underlie such a system must be renewed in every generation. I am confident that the Adam Smith Center will play a constructive role in shaping public policy in Singapore. I also wholeheartedly support its efforts to inspire a new generation of free market humanitarians who will demonstrate the attractiveness of a free and open society!
ASSOCIATE PROFESSOR AT LEE KUAN YEW SCHOOL OF PUBLIC POLICY, ADVISORY BOARD MEMBER OF ADAM SMITH CENTER.