Global Economy In Turbulent Times

  • 17h 44m
  • Lin See-Yan
  • John Wiley & Sons (US)
  • 2015

In The Global Economy in Turbulent Times, Harvard-educated economist Dr. Lin See-Yan presents his observations and analysis of the global economy and the most pressing issues facing the world's financial future. The book provides an absorbing account of the state of the world during the Great Recession years since 2008, giving a run-down on how the US struggles with the jobless recovery; on why the eurozone can't cut and grow in the face of the Greece tragedy; and on Japan's stint in deep hibernation. There are also insights into why the international monetary system is in urgent need of reform, as well as into man's addiction to gold, and the critical banking reform efforts.

Drawn from his acclaimed column in The Star newspaper in Malaysia, The Global Economy in Turbulent Times offers fresh and entertaining perspectives on perennial economic problems. Dr. Lin explains how the worldwide economy is broken and offers various paths to repair. The author covers emerging East Asia, ASEAN (especially Malaysia), and BRICS nations, and includes his views on global demography, the need for quality education, the environment, corporate governance in Malaysia, and much more.

While opinions on the world's economic problems are abundant, it is rare that they come from such an authoritative source. Dr. Lin calls upon 55 years of economic experience and the knowledge gained living through global crises and critical episodes of our recent past to give you a deeper understanding of the current state of the economy. His account is non-partisan and readily understandable. It is above all a dependable guide with the ability to engage, and even delight along the way.

About the Author

LIN SEE-YAN is a Harvard-educated economist and a British Chartered Scientist. Currently, he is Pro-Chancellor and Research Professor at Sunway University. He was advisor to all Prime Ministers and Ministers of Finance in Malaysia since its independence. Dr. Lin teaches, writes, publishes, and consults on strategic and financial issues, including writing a fortnightly column What Are We To Do in The Star, which is widely circulated in Malaysia.

In this Book

  • The Global Economy in Turbulent Times
  • Royal Prelude
  • Foreword
  • Preface
  • Introduction
  • About the Book
  • TW3 2008: The Year Free Markets Ran Amok
  • 2009: “Oxpicious” Year Ahead
  • Beware of PME in a Jobless 2009 Recovery
  • G‐20 Summit, Pittsburgh 2009: Has “It Worked”?
  • TW3 2009: Growing Again, but Hold on Tight
  • Summer 2010: In for a Bumpy Ride, Even a Double‐Dip?
  • G‐20 Summit, Toronto 2010: Reflects a Fragile Unity
  • IMF Meet, Fall 2010: A Cop‐Out
  • G‐20 Summit, Seoul 2010: Much Ado about Nothing
  • TW3 2010: The World Trichotomized
  • Prospects 2011: As the World Turns
  • A Check‐up at Mid‐Year, 2011
  • Gloomy Outlook Takes Its Toll, 2011–2012
  • G‐20 Summit, Cannes 2011; APEC, Honolulu 2011: Without Gusto!
  • TW3 2011: Annus Horribilis
  • G‐20 Summit, Los Cabos 2012 GJAP: More of the Same
  • APEC, Vladivostok 2012: A New Perspective
  • TW3 2012: A Tough Year with a Bleak Outlook
  • 2013: Breadth of Global Slowdown Disconcerting
  • TW3 2013: Tension and Risks; a Peek at 2014
  • Spring 2014 Stock Take: Complex Risks Ahead
  • The Paradox of Thrift
  • Deflation Is Not an Option
  • Reality Check on Economic Models
  • Commodity and Asset Prices Are Up; Can Inflation Be Far Behind?
  • A New Hazard: Double-Dip Deflation
  • The “New Normal”
  • Muddling Through the Inflation
  • It’s a Dangerous World out There
  • “Risk‐Off” Episodes
  • Now’s Not the Time for Austerity
  • The World Economy: Growing Pains and Bubbly Worries
  • What’s Up Is Down
  • Jackson Hole “Gunfight” Shoots Blanks
  • The United States Is No Longer AAA
  • “Occupy Wall Street” Goes Global
  • Lessons from Marx to Market
  • Sachs and Krugman on the Global Crisis
  • Life after Keynes with the Double‐Dip
  • Growth Dims after the “Cliff”
  • An Inconvenient Truth: QE Withdrawal Syndrome
  • An Unnecessary Disaster Spawns Market Fears
  • US Growth Deficit: Too Loose, Too Long
  • Dark Clouds over Europe and the United States
  • ECB and Fed Clear Way to Act
  • Eurozone Growth Can’t Move beyond First Gear but Needs to Keep Deflation at Bay
  • PIIGS Can’t Fly: The Trouble with Greece
  • Greece Is Bankrupt
  • Greek Bailout Mark II: It’s a Default
  • Greece and Eurozone: Austerity Fatigue
  • Greece: More Aid Needed to Save the Austerity-Fatigued
  • New Euro Deal: Not the Whole Bazooka
  • European Union: Favoring Growth Against More Austerity
  • European Union: A Summer of Discontent
  • European Union: Draghi’s Bumblebee
  • Cyprus’s Bailout Turns Bail‐In
  • Japan in Deep Hibernation
  • 3‐11: The Tohoku Disasters One Year On
  • Japan Picks Up the Pieces
  • Abenomics: Japan Comes Alive Again
  • Abenomics Hitting Speed Bumps
  • So, the Gold Bug Still Bugs You
  • Man’s Addiction to Gold
  • In Search of Gold at Bretton Woods: Lust for Gold Not Paying Off
  • What’s Wrong with the International Monetary System?
  • US Dollar: Cracking at the Seams
  • The Dollar Quagmire
  • The “Trilemma” of Capital Controls
  • Burgernomics and the Ringgit
  • The Yuan Way to a New Monetary Order
  • Why Tokyo Failed to Be Top‐Tier IFC
  • At Risk: Beggar‐Thy‐Neighbor
  • Currency Wars at a Time of Deficient Demand
  • Tension over Exchange Rates
  • RMB: What’s a Budding Currency to Do?
  • The Kiss of Debt
  • This Obsession with Debt
  • The Tobin Tax Revisited
  • Dubai: Or Is It Bye‐Bye?
  • Whatever Volcker Wants, Volcker Gets?
  • “Too‐Big‐to‐Fail” and the Volcker Rule Faces Fresh Challenges
  • LIBOR Scandal Fuss
  • Wall Street Stock Market Rigged: HFT “Cheetahs” Only Take 13,000ths of a Second to Turn a Profit
  • Shadow Banking: The Global Bogeyman
  • Blue Ocean that’s Also Green
  • The Crimson Goes Green
  • The Road to Copenhagen
  • RIO+20: What a Huge Disappointment
  • 9.6 Billion
  • The Seven‐Billionth Baby Is Born
  • The Ominous Demographic Dilemma
  • The Quality of Life
  • The Emerging Bourgeoisie
  • Rising Income Inequality and the Piketty Blockbuster
  • Has Undergraduate Education Lost Its Way?
  • The MBA: Is It Still Relevant?
  • 375 Years and Still Number One
  • Onward the Harvard Connection
  • The Future of University Education: What It Takes to Be Educated
  • Schumpeternomics: Gotta Keep on Learning
  • Getting “Cangkul‐Ready”
  • Now the Real Pain Begins
  • Mahathir’s Challenge
  • Stimulating Times
  • Price Fixing, Market Sharing, and Collusion Are Illegal
  • Najib’s New Way Forward
  • We Still Don’t Get It
  • Creativity: The Key to NEM’s Success
  • The Mystique of National Transformation
  • Toward Quality Undergraduate Education
  • Innovation: Catalyst for Recovery
  • On Productivity and Talent Management
  • Finance for Innovative Ventures: Broken Dreams?
  • Venture Capital Initiatives to Boost Entrepreneurship
  • Export‐Led Growth Model: Quo Vadis?
  • “Go East, Young Man”
  • Asia Feels the Heat
  • QE3 Exit and Asia’s Trilemma
  • Focus of Concern: Emerging Asia at Risk
  • ASEAN Stimulus
  • ASEAN+3 Stimuli
  • AEC Is on the Way, but It’s No Big Deal
  • South Korea Emerges More Competitive
  • The Philippines: Its Turn Is Next
  • Indonesia Losing Its Footing?
  • Indonesia and India: Under New Management
  • Vietnam Wakes Up: Ding Dong Dung
  • Thailand on the Rebound
  • Myanmar: Not the Burma I Used to Know
  • Myanmar Spring: “Look, Listen, Learn, and Leave”
  • The BRICS Are Coming . . .
  • BRICS Can’t Run as a Herd
  • Acronym Anxiety: BRICS Are Stumbling
  • China: Realities about Its BOP Surpluses
  • China: RMB Flexibility Not Enough
  • China: Much Ado about Nothing
  • The “China Dream”
  • China: Economic Slowdown: A Cause for Concern?
  • China: The Third Plenum Reforms Are Well Received, but the New Deal Flashes Danger Signals
  • China: Multiple Policy Dilemmas
  • China: Rebalancing Growth with Reform and Moving Up to the Next Level
  • India: The Outlook Dims
  • “A Passage to India”: The Outlook Remains Dire
  • On Corporate Governance and Doing It Right
  • The CG Blueprint 2011: “Let a Hundred Flowers Bloom”
  • Creative Destruction: “Kodak Moment” No More
  • The F&N Saga
  • On Global Gaming, Aussie$, the SGX–ASX Merger
  • Epilogue─In Search of Growth
  • Postscript: On to 2015─The Goat Straggles into 2015 amid Rising Risks
  • 2015: A Dismal World Where Oil and Currencies Are Causing Havoc
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