FINANCIAL ISSUES, TRADE AND INVESTMENT IN ASIA
2018/2019, Semester 1
Lee Kuan Yew School of Public Policy (Lee Kuan Yew School Of Public Policy)
Modular Credits: 4
This course is an introduction to selected aspects of Asian economic development and the region's interactions with the rest of the world. It will focus on developing simple analytical tools to understand key trends and macroeconomic, financial and trade policy issues that confront Asia in the world economy. Topics covered include sources of growth in the Newly Industrializing Economies (NIEs) in East Asia, the rise of China and India and their impact on the global trading system, foreign direct investment to Asia, currency crisis in Asia, Asia in the global financial system, and issues relating to Asian economic regionalism.
Need to have completed PP5101 Economics and Public Policy I, PP5102 Economics and Public Policy II and basic statistics.
PP5212 Financial Issues, Trade and Investment in Asia
Lecturer: Huanhuan ZHENG
Lecture Time: 2-5pm, Thursday
Lecture Venue: SR2-3
This course aims to provide an introduction to trends and patterns of international trade and investment in Asia and their implications for financial market and economic development. By surveying the latest financial and economic issues and policy responses, this course also aims to provide tools to evaluate policy efficiency. Topics covered include the recent development in cross-border portfolio flows, direct investment and reserve accumulation, the pros and cons of different foreign exchange regimes and governments’ policy response under different stages of business cycles, the effectiveness of capital controls and various trade and investment policies.
(1) Class participation and presentation: 10% of the grade
There will be a short in-class presentation illustrating the main arguments made proposed in the term paper.
(2) Mid-term test: 20% of the grade
(3) Final test: 30% of the grade
(4) Term Paper: 40% of grade
A 4000-4500 word original research that engages the topics covered in the class. Examples of possible topics include the latest policy debates on capital controls, exchange rate manipulation, trade agreement negotiation, etc. The term paper will be graded according to the extent of critical thinking and reasoning, relevance of methodologies, and solidity of evidence.
Please submit one soft copy (turnitin.com processed, with results) to the IVLE submission folder
deposit ONE HARD COPIES copy in Huanhuan ZHENG’s mail box in Academic Affairs. Extensions will not be granted except for medical reasons. Late papers will be penalized.
Course Schedule (tentative and subject to change)
Balance of payments
Foreign direct investment
Foreign Exchange Regimes
Globalization and de-globalization
Trilemma vs Dilemma
Trade and growth
Workload Components : A-B-C-D-E
A: no. of lecture hours per week
B: no. of tutorial hours per week
C: no. of lab hours per week
D: no. of hours for projects, assignments, fieldwork etc per week
E: no. of hours for preparatory work by a student per week