SINGAPORE: THE YEAR IN REVIEW 1998 is a collection of papers which were presented at the annual conference organized by the Institute of Policy Studies, a public policy think-tank in Singapore. Both the conference and this publication aim at a substantive discourse in the highlights of the events of the year just ended. This eighth volume offers more than a review of the year past, it holds substantive and erudite analyses as well as informed perspectives of what the future holds for the region.