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Economists sound note of caution on flip side of the sharing economy

Despite problems, disruptive technologies are key drivers of future growth, says Minister for Trade and Industry S Iswaran

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''What happened is that data has narrowed the distance between the borrowers and lenders, giving enough information so that they can trust each other. So what causes this sharing economy to take off today, especially in sectors such as real estate and transport? It's under-utilisation.'' - Jimmy Koh, managing director, business insights and analytics, sector solutions group, UOB

Singapore

TECHNOLOGY has enabled platforms for people to share resources more effectively - be it cars, bicycles, or even homes - but there are also consequences that come with the rise of the sharing economy, said economists at the Singapore Economic Policy Forum 2017 on Friday morning

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