In his commentary on the global economic crisis, Tan Sri Dato Dr Lin See Yan mentioned that he had met two friends last month, one of whom was Princeton University's Professor Paul Krugman, who delivered a speech at the SMU Sim Kee Boon Institute for Financial Economics public lecture on 7 November. At the lecture entitled Global Economic Outlook: Preventing the Next Economic Crisis, Prof Krugman traced the key causes of the crisis, concluding that although the US has some of the tools needed to avert another crisis, they are still not ready enough to prevent the next crisis.
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