Singapore – Singapore appears to be doing better than other developed countries when it comes to protecting its citizens from cyber threats. And 2018 Nobel Prize winner in economics, Professor Paul Romer, is trying to find out why.
“Israel and Singapore are currently two of the world leaders in protecting people and businesses from cybercrime, and we would like to learn more about how Singapore and Israel are doing it,” said Professor Roma. (66 years old) said. An interview with The Straits Times last Friday ahead of the Nobel Prize Dialogue here on September 13th.
Other areas the world can learn from Singapore include wage policy and urbanization. These are the areas of interest for the eminent economic theorist, Professor Romer.
“Singapore is of great value to the world as a kind of experimental generator that shows the world the kinds of things that are possible, without being stuck in very narrow beliefs about what is possible and what is achievable.” The professor said he plans to engage in dialogue through pre-recorded discussions with young people from the Asia-Pacific region.
A professor of economics at New York University (NYU) and former chief economist at the World Bank, he won the Nobel Prize for his theory of how technological change leads to economic growth.
Professor Romer describes his research approach as follows.
Another element, he added, is to identify and set aside emotional responses while identifying these abstractions so that potential theories can be formed.
His Nobel Prize-winning work epitomizes this approach.
Professor Romer said of the question he tried to answer:
“How are ideas different from objects, and what is the nature of the economics of ideas?”
But beyond theory, he also had an eye on the applied realm.
This included forays into entrepreneurship at Aplia, an educational technology company he founded in 2001 while teaching at Stanford University.
After selling Apulia in 2007, Romer took a keen interest in urbanization and made Singapore a model for effective urban development.
“Some of Singapore’s insights could potentially be transferred to bring more successful urban development to countries around the world,” he said.
