Technology

China’s decade of sweeping economic change

For the West, the year 2008 marked the beginning of a difficult period of crisis, recession, and uneven recovery. For China, 2008 was also an important turning point, but one followed by a decade of rapid progress that few could have foreseen.Of course, when the United States (US) investment bank Lehman Brothers collapsed, triggering a global financial crisis, China’s leaders were deeply worried.

3 April 2019
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SMEs must get with the times

Small and medium sized enterprises (SMEs) in Singapore have been hailed as the driving force behind the country’s economy. The government pointed out that they make up 99 percent of all enterprises in the country and employ as many as 65 percent of the country’s workforce.

26 December 2018
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Digital disruption’s silver lining

Technology is often oversold as either a panacea for the world’s problems or an unshakeable curse inflicting disruption and displacement on the most vulnerable. But historically, neither of these characterizations is accurate. From the steam engine to the personal computer, inventions have transformed societies in complex ways. On balance, however, technology has always created more jobs and economic opportunities than it has destroyed. That trend is likely to continue.Why am I so upbeat?

8 November 2018
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The promise of AI in the developing world

A common misperception among observers of digital trends is that consumers in developing countries do not benefit from advances in technology. Whether it is owning the latest smartphone or “employing” robot cleaners, the ability to access innovation is one of the most visible differences between rich and poor countries.This gap has become even more pronounced since the advent of artificial intelligence (AI).

31 October 2018
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Can ASEAN turn disruption into opportunity?

Is the Association of Southeast Asian Nations (ASEAN) resilient enough to thrive amid the regional and global transformations taking place today? While the global economy continues its broad-based expansion, disruptive economic, geostrategic, and technological forces may threaten ASEAN’s gains of recent years. To survive, ASEAN members must make important decisions about the role of their community in regional affairs.

6 September 2018
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Apple valued at US$1 trillion

Apple – the culture-changing company behind the iPod, iPhone and iPad – hit another milestone on Thursday, becoming the first private-sector company to surpass US$1 trillion in market value.Shares of Apple finished the formal Wall Street trading day at US$207.39, topping the magic number two days after the California tech giant reported strong quarterly earnings.The landmark is the latest victory for Tim Cook, who faced scepticism when he took over as chief executive in 2011 from ailing iconi

3 August 2018
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Singapore’s a prime target for hackers

Singapore’s status as a hyperconnected financial hub makes it a prime target for hackers, and recently reported attacks have intensified the focus on cyber security as it pushes to become one of the world’s leading technology hubs.In what local media have been calling the largest data breach in the country’s history uncovered last month, hackers stole information on 1.5 million patients including Prime Minister Lee Hsien Loong during an attack on Singapore’s biggest public health-care group,

3 August 2018
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The Western illusion of Chinese innovation

Over the past two decades, China has been achieving rapid technological progress, thanks in no small part to its massive investment in research and development, which totaled some 2.2 percent of its gross domestic product (GDP) last year. Yet China is nowhere near the technological frontier.

31 July 2018
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Does the West want what technology wants?

In many dimensions, today’s West is not at its best. Many people are challenging the values of liberal democracy (individual rights and majority rule) and even those of the Enlightenment (reason, science, and truth). Populist parties are channelling such sentiments with considerable electoral success, capitalizing on economic malaise, widening inequality, and rising immigration.Technology is often blamed for the social ills underpinning the populist surge.

28 June 2018
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Nourishing Cities With Nature

Ever since the ancient Greek poet Theocritus wrote his pastoral idylls romanticizing rural life, people have been pondering how to build cities that are in concert with their natural surroundings. But with rates of urbanization growing exponentially around the world, the need for greener cities has never been more urgent. Fortunately, innovation and technology can help strike this long-elusive balance.Bridging the urban-rural divide has long been a focus of city planners.

17 June 2018
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Making the most of Asia’s aging populations

Asia is aging fast: by 2040, 16 percent of the region’s population will be older than 65, more than double the 7.8 percent share in 2015. While the rise in healthy life expectancy is a positive development, this demographic shift poses a serious threat to many economies, which are already losing vitality.A consistent supply of young, skilled workers was an essential ingredient of Asia’s rapid economic catch-up process over the last three decades.

30 May 2018
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