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SINGAPORE ECONOMIC ROUNDTABLE

The price of financial sector's rise

Over-dependence on the industry has led to negative effects such as rising cost of living and inequality, says former banker

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The financial sector has driven Singapore's growth since the 2000s, but over-dependence on the industry has brought many economic and social costs.

Singapore

THE financial sector has driven Singapore's growth since the 2000s, but over-dependence on the industry has brought many economic and social costs, according to Venkatraman Anantha-Nageswaran, a former banker here.

Singapore's quest for new sources of growth after the...

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