(photo) HRH Sultan Dr Nazrin Muizzuddin Shah ibni Almarhum Sultan Azlan Muhibbuddin Shah Al-Maghfurlah, the Sultan of Perak; Professor Tan Sri Dr Lin See Yan, Pro-Chancellor at Sunway University and Tan Sri Dr Jeffrey Cheah AO, Founding Trustee of the Jeffrey Cheah Foundation and Chancellor of Sunway University
As a follow-up to ‘The Global Economy in Turbulent Times’ book that was launched in 2015, His Royal Highness Sultan Dr Nazrin Muizzuddin Shah ibni Almarhum Sultan Azlan Muhibbuddin Shah Al-Maghfurlah, the Sultan of Perak launches Professor Tan Sri Dr Lin See Yan’s second book, entitled ‘Turbulence in Trying Times. What Are We to Do?’.
The essays within this second book picks up on developments covering the recent past two-and-a-half years up until June 2017, with hopes to initiate a conversation among readers and with leaders on serious global problems, especially in Asia.
In the book, Tan Sri Dr Lin dissects why the world economy is broken and in urgent need of structural reforms, not just more stimuli or negative interest rates. It gives a rundown of why the United States continues to struggle with its jobless recovery; why the Eurozone economy is dead-in- its-tracks in constant fear of deflation, confronted with a recessive Greek tragedy; why Japan remains in deep hibernation; why Brexit sets the United Kingdom adrift and how Trump’s election adds new uncertainties to an already turbulent world.
The book also devotes much space to regional developments, giving an update on economic prospects in ASEAN, BRICS (Brazil, Russia, India and China) and MINT (Mexico, Indonesia, Nigeria and Turkey) economies. It provides insights on happenings in and appraises the economic outlook for Asia, and China in particular.