Chart of the Week | October 20, 2021

The pandemic in hindsight: Bali’s impetus for economic diversification

Chart of the Week October 20, 2021: The pandemic in hindsight: Bali’s impetus for economic diversification

The global travel disruption had cascading effects on tourism and the supporting sectors in Bali. This week’s chart portrays Bali’s vulnerability to the worldwide border closure amid COVID-19 and underlines potential areas for diversification.


Featured Research

Palapa Ring Project: Indonesia’s Digitalisation

Indonesia’s overarching goal to expand its basic digital infrastructure first emerged in the 1990s, through the idea of the Palapa Ring project. The project aimed to provide internet access to the entirety of the 34 provinces in the archipelagic nation and was completed recently in 2019. In 2014, the percentage of households in Indonesia with […]

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Challenges and Opportunities in ASEAN’s Digital Economy

Challenges and Opportunities in ASEAN’s Digital Economy

“Digital” The new byword and frontier in economic growth but despite all the buzz and attention, what does it actually mean for the economies of ASEAN? ACI’s recent webinar titled “Challenges and Opportunities in ASEAN’s Digital Economy” hosted on Friday, 24 Sep 2021 tackled this issue in depth. Speakers from ACI and Mr Konesh Kochhal, […]

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Uneven Post-Pandemic Recovery Amongst China’s Mainland Economies

Despite the global economic decline that was experienced in 2020 due to the COVID-19 pandemic, China saw positive overall economic growth. However, it is seen that there are uneven rates of recovery between sub-national economies, especially pertaining to the secondary and tertiary sectors. Like most countries, China too had resorted to pandemic control policy measures […]

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Book Launch: Annual Competitiveness Analysis and Impact of COVID-19 on Sub-National Economies of Indonesia

The study on the competitiveness of 34 sub-national Indonesian economies by ACI is committed to tracking the country’s diverse progress. This objective has been fundamental in light of the COVID-19 pandemic that has affected the archipelagic nation in different ways. Indonesia’s economy received an unprecedented shock because of the COVID-19 pandemic. Prior to the pandemic, […]

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Are SMEs the answer to boosting Singapore’s innovation output?

Singapore’s continuous efforts to position itself as an innovation-driven and knowledge-based economy has been a prime priority in recent years. Over the past two decades, the Singapore government has undertaken a structural approach towards investments in Research and Development (R&D), through Research, Innovation and Enterprise plans, which are established every five years to dynamically work […]

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Valuation of Travel Bubbles: Assessing Cooperative Travel Arrangements in a Pandemic

ACI recently hosted a webinar titled “Valuation of Travel Bubbles: Assessing Cooperative Travel Arrangements in a Pandemic” on Tuesday, 10 Aug 2021. In the webinar, Dr Xie Taojun presented the latest ACI research paper “Impact of Travel Bubbles: Cooperative Travel Arrangements in a Pandemic”, co-authored with Dr Wang Jiao and Liu Shiqi. The research evaluates […]

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Book Launch: Annual Competitiveness Analysis and Impact of COVID-19 on 34 Greater China Economies

Despite being hit by the COVID-19 pandemic, China’s economy expanded by 2.3 percent in 2020. The government effectively controlled the spread of the coronavirus through strict lockdowns and other social distancing measures. Fewer face-to-face activities also led to increased online activities and, therefore, a burgeoning digital economy. For the successes it achieved despite a health […]

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Book Launch: Annual Competitiveness Analysis and Gendered Impact of the COVID-19 Pandemic on Unemployment in the Sub-National Economies of India

India has been severely impacted by the COVID-19 pandemic. The nationwide lockdown imposed during April and May 2020 had an adverse impact on the manufacturing, construction, mining, trade, tourism and transportation industries. This led to the contraction of the quarterly GDP by 23.9 percent in the April-June quarter of 2020. To counter the adverse economic […]

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Book Launch: Annual Competitiveness Analysis and Impact of COVID-19 on ASEAN

2020 has proven to be a tumultuous year for the world. The Association of Southeast Asian Nations (ASEAN), as a highly internationalized region, is naturally not spared from events. At the time of writing, vaccines for the virus have begun to be distributed worldwide in the hopes of containing the virus. Meanwhile, new and more […]

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Reopening International Travel: The Travel Bubble Approach

Why was the Singapore – Hong Kong travel bubble deferred twice? Will a high vaccination rate give policy makers the necessary confidence to proceed with it again? Our latest research explores the decision-making process among global leaders as they work towards cooperative travel arrangements in a pandemic.  Reopening international travel is one of the most pressing issues facing the world […]

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Special Economic Zones in Indonesia: Progress and Challenges during the Pandemic

As Indonesia joins other countries in charting its economic recovery beyond the pandemic, economic onlookers have been keenly watching the country’s special economic zones. The Nongsa Digital Park in Batam was recently endorsed as a Special Economic Zone (SEZ) by President Joko Widodo- This signals the central government’s support for regional and international businesses looking […]

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Book Launch: Economic Impact of COVID-19 on Three Asian Tigers

It has been over a year since the onset of COVID-19. Governments around the world have undergone an unprecedented challenge to contain the pandemic while minimizing the economic costs. Policy responses have been vastly different across countries, from strict quarantine measures in China, to minimal economic intervention in Sweden. Despite varying degrees of stringency, these […]

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China, Taiwan, and Regional Trade Integration

As the world evolves into an increasingly interconnected community, multinational corporations (MNCs) and regional trade agreements (RTAs) play an integral role in shaping the changing economic landscape. In 2014, MNCs accounted for 55% of global exports and 49% of imports, with a large part consisting of intermediate goods trade within MNC networks. According to WTO’s Regional Trade […]

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Using GPS Data to Measure Social Segregation

Social segregation occurs when groups from differing socioeconomic backgrounds living in the same city have little opportunity of interaction with each other. This has profound impacts on socioeconomic outcomes. The measure of social segregation has traditionally been carried out through the use of census records. However, one key issue with relying on this method is that it is dependent on residential data. Increasingly, our social […]

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Book Launch: Cost of Living, Wage and Purchasing Power for the World’s Major Cities

Highlights this year  New York remains the most expensive cities for both ordinary residents and expatriates.  Among cities in Asia, Hong Kong jumped two spots to top the ranking as the most expensive city for expatriates while Tel Aviv took the top spot for ordinary residents.   Singapore’s ordinary resident has the highest purchasing power for cities in Asia.   Out of the 15 cities analysed, New York has the highest cost […]

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