Donald examined the underlying factors for Singapore's economic success in its first fifty years. He argued that while this model of development produced spectacular results and enabled Singapore to go from third world to first in two generations, it has now reached a point of rapidly diminishing returns. He believed that a far-reaching rethink of the model is necessary, and will suggest options for the Singapore economy in the context of a potentially very different and difficult external environment.
Donald is Associate Dean (Research and Executive Education) at the Lee Kuan Yew School of Public Policy. He leads the School’s executive education efforts and his research interests at the School include economics in public policy, inequality and social spending, behavioural economics, public finance, organisational change, and governance and politics in Singapore.