In Singapore, laws are necessary for trickle-down policies to work

• Main Author: EUGENE, Tan K. B.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Asian Studies; Economic Policy
• Online Access: https://ink.library.smu.edu.sg/sol_research/3834; https://ink.library.smu.edu.sg/context/sol_research/article/5792/viewcontent/20200409_CNA_Singapore_Comment.pdf
• Institution: Singapore Management University

In a commentary, SMU Associate Professor of Law Eugene Tan discussed the necessity for laws in order for trickle-down policies to work. He explained that while the three-in-one Unity, Resilience, and Solidarity Budgets demonstrate the resolve of Singapore to ensure businesses and households are helped amid the public health concerns and the economic fallout of the COVID-19 global pandemic, self-seeking behaviour can undermine well-intended measures as trickle down outcomes end up not materialising. However, he noted that laws have their limitations too, and concluded that an internally driven mode of compliance could be far more effective.