Singapore’s population is ageing faster than that of other ASEAN nations. In Singapore, the ratio of workers to consumers is falling, and is projected to fall at least another 10 per cent between now and 2050, unlike Malaysia and other ASEAN nations where the ratio will remain steady or in some cases increase. This will put pressure on living standards in Singapore and will partly close the gap between its living standards and those of other ASEAN nations. Here, we explore these demographic changes in terms of causes and effects, and explore policy options for dealing with them.
Ross Guest is Professor of Economics and Dean (Learning and Teaching) in the Griffith Business School at Griffith University, and an adjunct professor at the Australia and New Zealand School of Government. Prof Guest holds a PhD in Economics from the University of Melbourne. His primary field of research is population economics, on which he has published many articles in, for example, the Journal of Macroeconomics, the Economic Record, the Journal of Population Economics, and Oxford Economic Papers. He has received four Australian Research Council grants for his work on population economics, which has informed public policy through consultancies (e.g. New Zealand Treasury and Queensland Treasury) and citations in Productivity Commission reports.
Prof Guest is Editor-in-Chief of the International Review of Economics Education (Elsevier publication). He has written two textbooks and numerous articles on learning and teaching. He was awarded a National Senior Teaching Fellowship in 2012 by the Australian Government and a Citation for Outstanding Contributions to Student Learning in 2006 by the former Carrick Institute for Learning and Teaching in Higher Education.
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