Kopi Time podcast with Taimur Baig

DBS Bank
Kopi Time podcast with Taimur Baig Podcast

Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.

  1. Kopi Time E134 - Vasuki Shastry on India’s Manufacturing Future

    5 DAYS AGO

    Kopi Time E134 - Vasuki Shastry on India’s Manufacturing Future

    Vasuki Shastry, Senior Advisor at Gatehouse Advisory Partners, returns to Kopi Time to talk about the decade-old “Make in India” initiative. From Production Linked Incentives (PLI) to splashy marketing campaigns, this has been a signature initiative by the Indian government under Prime Minister Modi. What has been the accomplishment of this effort to usher in a new era of manufacturing in India? Vasuki’s report card is blunt—"it has been a qualified failure.” We go through the data on investment, job creation, technology transfer, and competition to assess his claim. We also discuss India’s complex regional heterogeneity, centre-state relationship, women’s participation in the labour force, the ultra-competitiveness of China, the difficulty—and perhaps the futility—of building an entire home-grown electronics supply chain, and the pull from emerging manufacturing powerhouses like Vietnam. Vasuki would like to see three key improvements ahead to convince him that manufacturing value added would rise substantially in the coming years—(i) a level playing field for businesses, with no perception of favouritism, (ii) stability of regulation, particularly tax laws, and (iii) political cohesion between the states and centre. He may not be impressed with Make in India so far, but Vasuki sees it as “an honourable aspiration to retain.”  See omnystudio.com/listener for privacy information.

    1h 6m
  2. Kopi Time E133 - Dr. Jennifer Sciubba on Contextualising Demography

    11 SEPT

    Kopi Time E133 - Dr. Jennifer Sciubba on Contextualising Demography

    Jennifer Sciubba, PhD, President and CEO of Population Reference Bureau, joins Kopi Time to discuss the science and policy dimensions of demographics. She begins by explaining the various ways of looking at population projections, pointing out that for most cases in recent decades, forecasts have ended up erring on the side of higher fertility. With fertility surprising on the downside and life expectancy rising, there is an overwhelming dynamic of rising median age the population around the world. Aging is pervasive and largely impervious to policy intervention. As people get wealthier and more educated, they tend to have less children, period. However, very low fertility rates likely reveal something not quite right with a society, from anxiety about cost of raising a child to a lack of societal purpose. Nonetheless, Dr. Sciubba is not pessimistic about a future with many more older people than today. The key is to strive for a society that ages without remaining ageist. Lower productivity and subdued economic growth may well be inevitable, but that doesn’t need to come with a burdensome social construct. Accepting the forthcoming aging dynamic, building a dignified and resilient society with provisions for health, shelter, and requisite skills is the way to go.    You can watch Jennifer’s Ted talk for a shorter version of her views: The Truth About Human Population Decline | Jennifer D. Sciubba | TED - YouTube.   See omnystudio.com/listener for privacy information.

    45 min
  3. Kopi Time E127 - My commencement speech for Yale-NUS graduating class of 2024

    14 JUN

    Kopi Time E127 - My commencement speech for Yale-NUS graduating class of 2024

    Mdm Kay Kuok, Chair of the Yale-NUS Governing BoardMembers of the Yale-NUS Governing BoardProfessor Aaron Thean, Deputy President (Academic Affairs) and Provost of NUSProfessor Joanne Roberts, President of Yale-NUS CollegeFamilies, Yale-NUS community, and FriendsAnd dear graduates,Most of you were the class of 2020 in high school, your graduations disrupted by a once in a century pandemic. Today, as the Yale-NUS graduating class of 2024, your lives are mercifully not disrupted. It would however be tone-deaf to not recognize that many graduates in the Middle-East, Ukraine, or the US, won’t be enjoying a commencement like yours this year.This is a heavy realisation as we traverse through life. Moments of celebrations and triumph for many are invariably juxtaposed with sorrow, loss, and sadness elsewhere. At your highest highs and lowest lows, know that there are others with a different luck of the draw.Graduates, recognising that life’s peaks and valleys are inevitable can be liberating. It underscores the line “nothing lasts forever.” I think it also makes us less self-complacent, less territorial and possessive, more humble, and open to experiencing the next, the other. And perhaps, along those lines, more open to experiments. I want to explore the wisdom of experiments in the rest of this talk.Experiments can be scientific or social, public or personal. You can experiment with a business plan, a critical query, a new diet, a different workout, or just see if hearing someone out could give us an insight not feasible within our experiences.Consider hanging out with students from different majors an experiment. During my graduate school days, that very experiment led me to my life partner. Reach out to those from different religions, political persuasion, culture, or lifestyle, and see if their company and proximity make our lives richer and more joyous. If our mutual humanity can transcend our differences. These are experiments for the rest of your lives. And they will matter more as you delve into higher studies or jobs.If you’re a scientist, your vocation is largely about testing hypothesis through experiments, but surely that’s not where it ends.America is an experiment. Singapore is an experiment. Yale-NUS has been an experiment.Every new idea’s worth is tested through experiments. Is it possible to send humans to the moon and back? Let’s experiment, let’s try. Is it possible to have a thriving, multicultural, multiracial society? Let’s experiment. If it fails, try again.Some pursuits can follow the path of Thomas Edison, noisy and full of stumbles, but at the end, marked by glorious achievements. To paraphrase him, he never failed, he just successfully found the numerous ways that the experiment would not work.Some experiments can be spectacularly successful over a short period of time, thanks to luck, serendipity, or a stroke of genius. I wish you have those, but I also know that for the most you, that will not be the case. My hope is in fact that you leave this campus with the grit necessary to follow Edison’s path, and don’t shy away from your dreams at the first, second, or even third roadblock.Your exceptionally fortunate time at the Yale-NUS, in my view, has been an experiment of a lifetime. You could have gone to so many other places, but aren’t you gratified that you came here? Reflecting on President Roberts’s words, this place has hopefully instilled in you the patience, perseverance, and sense of community critically needed to make a difference.This beautiful campus, these dedicated and brilliant faculty, and these amazing facilities have nourished your minds over the past four years. That experiment of liberal arts in the heart of Singapore has been a resounding success. You made that happen. The legacy of this institution will never fade. So, let’s embrace uncertainty, let’s stand up against the fear of failure, let’s move forward, secure in the conviction that your time

    8 min

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Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.

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