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

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 at the Regent Hotel.

The theme of the forum was "Preparing Singapore for the Future Economy", and in the first session, Ivan Png, economics professor in the National University of Singapore, unveiled his findings on the "Airbnb effect" on Singapore, in a study said to be the first of its kind in Asia.