THIS is an interconnected world. The crisis in Libya has had its impact not just on Muammar Gaddafi, but on the whole world, which is reeling in a feverish chaos. The price of crude oil continues to rise, and it is estimated that it will pass US$120 per barrel—the highest since the 2008 global crisis. Alarm bells are ringing, and people are demanding serious action from the government.

If the economy is to be spared from the negative repercuss