Faculty

Lim Chong Yah
Emeritus Professor
Division of Economics

BA Hons (Mal), MA (Mal), D Phil (Oxon), Hon PhD (Soka), BBM, PJG, DUBC

Email: ACYLIM@ntu.edu.sg
Tel: 67905689
Fax: 67925560


HSS-04-88
School of Humanities and Social Sciences
Nanyang Technological University
14 Nanyang Drive
Singapore 637332


Currently, Professor Lim Chong Yah serves as Emeritus Professor of Economics of the School of Humanities and Social Sciences, Nanyang Technological University, Singapore. Previously, he was Reader, Professor and Senior Professor of Economics (1969 - 1992) at the National University of Singapore, where he also served as elected Dean of the Faculty of Arts and Social Sciences (1971 - 1977), and as Head of the Department of Economics and Statistics (1977 - 1992).

He has an impressive record of academic publications, exceeding 160 in numbers. The books of which he is a single author includes Economic Development of Modern Malaya, (Oxford University Press, 1967, reprinted 1969), Development and Underdevelopment, (Longman, 1991) and Southeast Asia: The Long Road Ahead (World Scientific, 2001, Second Edition, 2004). The books of which he is the chairman or chief author includes Elements of Economic Theory (Oxford University Press, 1971, Third Edition, 1984), Economic Structure and Organisation (Oxford University Press, 1973, Revised Edition, 1977), Report of the CPF Study Group (Singapore Economic Review Special Issue, 1986), Policy Options for the Singapore Economy (McGraw Hill, 1988) and Wages and Wages Policies (World Scientific, 1999). Professor Lim's publications have been translated into Chinese, Japanese and Malay. One has appeared in Braille. Professor Lim's academic interests are mainly in Development Economics and in Stabilization Policy. He is the inventor of the EGOIN theory of development and underdevelopment, the Triple C Theory and the S Curve Hypothesis.

An impressive Festschrift contributed by 41 economists from 21 countries appeared in 1996 in honour of Professor Lim Chong Yah (Basant Kapur et.al. eds. Development, Trade and the Asia-Pacific Prentice Hall, 1996). His articles that appeared in the Singapore Economic Review and the Accountancy and Business Review have been compiled into a single volume by the respective Editors-in-Chief, Professor Koh Ai Tee and Professor Hooi Den Huan in Hooi and Koh (eds), Essays by Lim Chong Yah (World Scientific, 2001).

Professor Lim has also played an important role outside the University campus, serving, inter alia, as the founding Chairman of the National Wages Council (1972 - 2001), and as the founding Chairman of the Skills Development Fund Advisory Council (1979 - 1982). Currently, he is a member of the Presidential Council for Minority Rights. Regionally, he was the initiator and founder of the Federation of Asean Economic Associations (FAEA), Co-founder of the East Asian Economic Association (EAEA) and founder Chairman of the Singapore National Committee for Pacific Economic Co-operation (SINCPEC).

Professor Lim joined the Singapore Administrative Service in 1965 prior to joining the academia in 1969. Among the positions he held in the Singapore Administrative Service was Assistant Financial Secretary followed by Second Assistant Economic Adviser when Sir Sydney Caine, and later Dr Frederic Benham, was Economic Adviser to the Singapore Government.

His private sector experience includes, at varying times, being on the Board of Directors of the Commercial and Industrial Bank, Delifrance Asia, the Straits Trading Company, the United Overseas Bank and International Adviser to NEC (Japan). Prior to this, his consultation experience included being the Economic Consultant to First National City Bank (in Kuala Lumpur), the Bank of Tokyo (in Singapore), Senior Economic Adviser to ECAFE, Economic Consultant to the World Bank Lester Pearson Commission, Economic Consultant to the UNESCO-IAU Project on Higher Education and Southeast Asian Development. Lately (2002), he served as Consultant to the Mauritian Government on Wage Reforms.

For his distinguished and invaluable contributions to scholarship, education, society, and international co-operation as an educator, economist, writer, public servant and consultant. Professor Lim was given many honours which include an Emeritus Professorship by the National University of Singapore, a Honorary Doctorate by Soka University, the John W. Ryan Alumni Award by Indiana University, the Honorary Chairmanship of the Hainan University Council by the Provincial Government of Hainan, the Honorary Professorship by Hainan University, the Distinguished Service Award by the National Trades Union Congress (NTUC) Singapore, the Distinguished Service Order by the Singapore Government and the establishment, through public donations, of a Lim Chong Yah Professorship at the National University of Singapore, Faculty of Arts and Social Sciences.


Research Interests

  • Development Economics
  • Stabilization Economics
  • Wage and Wage Policy

Selected Publications

Journal Papers

Lim Chong Yah, 2003, New Growth Theory and the Ascendency of China, Nanyang Business Review (Singapore), Vol. 2, No. 2, pp 68 - 74.

Lim Chong Yah, 2003, Macroeconomic Management: Is Keynesianism Dead?, Singapore Economic Review (Singapore), Vol. 48, No. 1, pp 1 - 12.

Lim Chong Yah, Lee Chee Tong, 2002, An Examination of Labor Productivity Growth and Structural Changes in the Singapore Labor Force, Asian Economic Journal (Japan), Vol. 16, No. 3, pp 267 - 283.

Lim Chong Yah, 2000, From Recession to Recovery in East Asia: A Non-IMF and Non-World Bank Explanation, Accounting and Business Review (Singapore), Vol. 7, No. 2, pp 145 - 161.

Lim Chong Yah, 1998, (III) NWC: Issues and Initiatives, Accounting and Business Review (Singapore), Vol. 5, No. 1, pp 1 - 22.

Lim Chong Yah, 1997, (I) NWC: Targets and Goals, Accounting and Business Review (Singapore), Vol. 4, No. 2, pp 165 - 185.

Lim Chong Yah, 1997, (II) NWC: The Politics of Consensus, Accounting and Business Review (Singapore), Vol. 4, No. 2, pp 187 - 199.

Lim Chong Yah, 1997, The Low-Income Trap: Theory and Evidence, Accounting and Business Review (Singapore), Vol. 4, No. 1, pp 1 - 19.

Lim Chong Yah, 1996, The Trinity Growth Theory: The Ascendancy of Asia and the Decline of the West, Accounting and Business Review (Singapore), Vol. 3, No. 2, pp 175 - 199.

Lim Chong Yah, 1996, Japan and East Asia in the Pacific Century: The Economic Dimension, The Journal of Institute of Asian Studies (Unknown), No. 17, pp 77 - 95.

Lim Chong Yah, 1994, Review article on Lester Thurow's 'Which Nations Will Dominate the World', Accounting and Business Review (Singapore), Vol. 1, No. 2, pp 261 - 273.

Lim Chong Yah, 1994, Economic Theory and the Economic Reality, Accounting and Business Review (Singapore), Vol. 1, No. 1, pp 1 - 9.

Lim Chong Yah, 1986, Report of the Central Provident Fund Study Group(Chairman of Group), Singapore Economic Review (Singapore), Vol. XXXI, No. 1, pp 1 - 108.

Books

Lim Chong Yah, 2004, Southeast Asia: The Long Road Ahead, 2nd Edition, World Scientific.

Lim Chong Yah, 2001, Southeast Asia: The Long Road Ahead, 1st Edition, World Scientific.

Lim Chong Yah, 2001, Economic Essays by Lim Chong Yah, World Scientific.

Chew Seow Lung, Rosalind, Lim Chong Yah, 1998, Wages and Wages Policies Tripartism in Singapore, World Scientific.

Lim Chong Yah, Hooi Den Huan, 1997, Nanyang Business School's 21st Century Vision, Nanyang Business School.

Lim Chong Yah, 1996, Economic Policy Management in Singapore, Addison Wesley.

Lim Chong Yah, John Joseph Williams, 1996, Nanyang Technological University: Nanyang Business School's 21st Century Vision, World Scientific .

Lim Chong Yah, 1995, Eight Lectures on the Regional Economy, Nanyang Technological University, School of Accountancy and Business.

Lim Chong Yah, 1991, Development and Underdevelopment, Longman Publications.

Lim Chong Yah, Tan Khye Chong, et al, 1988, Policy Options for the Singapore Economy, McGraw-Hill.

Lim Chong Yah, Co-editor with Peter Lloyd, 1986, Resources and Growth in Singapore, Oxford University Press.

Lim Chong Yah, 1984, Economic Restructuring in Singapore, Federal Publications.

Lim Chong Yah, Co-editor with You Poh Seng, 1984, Singapore: Twenty-Five Years of Growth and Structural Change, Singapore News and Publications Ltd.

Lim Chong Yah, 1983, Education and National Development, Federal Publications.

Lim Chong Yah, 1982, Learning from the Japanese Experience, Edited by Lim Chong Yah, Maruzen Asia.

Lim Chong Yah, 1981, Economic Development in Southeast Asia, Federal Publications.

Lim Chong Yah, 1981, Commentary on Economics and Current Affairs, Federal Publications.

Lim Chong Yah, 1980, Economics and Current Affairs, Vol. III (In English and Chinese), Sin Chew Jit Poh.

Lim Chong Yah, 1980, Economics and Current Affairs, Vol. IV (In Chinese), Sin Chew Jit Poh.

Lim Chong Yah, 1980, Economic Development in Singapore, Federal Publications.

Lim Chong Yah, 1979, Economics and Current Affairs, Vol. II (In English and Chinese), Sin Chew Jit Poh.

Lim Chong Yah, 1978, Economics and Current Affairs, Vol. I (In English and Chinese), Sin Chew Jit Poh.

Lim Chong Yah, Chia Siow Yue, Bhanoji Rao , Ow Chwee Huay, 1973, Economic Structure and Organisation(Translated into Chinese and Malay by Oxford University Press. Revised Edition, 1977, 435 pages. Went into braille)., Oxford University Press.

Lim Chong Yah, Lee Sheng Yi, Chia Siow Yue, 1971, Elements of Economic Theory(Translated into Chinese and Malay by Oxford University Press. Adapted for use in Pakistan. Second Edition, 1975, 401 pages. Third Edition, 1984, 527 pages)., Oxford University Press.

Lim Chong Yah, Co-editor with Walter Miklius, Yukitide Okano, Anthony Pascal, Noboru Sakashita, 1971, Pacific Regional Science Conference, Honolulu, 1969, University of Tokyo Press.

Lim Chong Yah, Co-editor with You Poh Seng, 1971, The Singapore Economy, Eastern Universities Press.

Lim Chong Yah, 1969, Money and Monetary Policy(Translated into Chinese by Sin Chew Jit Poh, a Chinese Language daily in Singapore, for serialised publication)., Eastern Universities Press.

Lim Chong Yah, 1967, Economic Development of Modern Malaya (Reprinted in 1969), Oxford University Press.

Lim Chong Yah, U.A. Aziz, S. J. Gilani , Jock Hoe, 1964, Traffic Flows Through Port Swettenham Projected to 1975, University of Malaya.

Chapter in Books

Lim Chong Yah, 1997, Southeast Asian Exchange Rate Crisis and Currency Board System, Currency Board System: A Stop-Gap Measure or a Necessity; Currency Board System Symposium 1997, Singapore: Board of Commissioners of Currency, pp 22 - 28.

Lim Chong Yah, 1994, East Asian Economic Miracle: Framework for Understanding and Analysis, The Development Experience of Singapore, China: Institute for Asia-Pacific Economics Studies and Singapore: Asian Commerce and Economics St, pp 33 - 39.