Chart of the Week | October 7, 2022
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) strives to deepen trade liberalization in goods and services among 11 countries in the Asia-Pacific region.
An essential determinant of a region’s resilience to the pandemic is its socioeconomic composition. A recent study by ACI evaluates Indonesia’s Riau Islands’ emergence from the pandemic by tracking the province’s socioeconomic development vis-à-vis the provincial government’s Regional Medium-Term Development Plan (RPJMD). It finds that Riau Islands “emerged relatively unscathed due to its reliance on […]Read More
Book Launch | Annual Competitiveness Analysis and Socio-Economic Development of Indonesian Sub-National Economies
A year into the COVID-19 pandemic, Indonesia’s economy shows signs of recovery in 2021: The country has seen a 3.2 percent annual GDP growth this year, compared to a contraction of 2.1 percent a year earlier. The 2021 growth is mainly driven by the Information and Communication Technology (ICT) and wholesale and retail trade sectors. […]Read More
Book Launch | 2021 Annual Indices for Expatriates and Ordinary Residents on Cost of Living, Wage and Purchasing Power for World’s Major Cities
This annual study analyses the cost of living, wages and purchasing power for expatriates and ordinary residents across 104 major cities in the world. In this edition, ACI has found that New York, Los Angeles, Zurich, Hong Kong, and Geneva continued to be the top-5 cities in the ranking for expatriates’ living costs. Whereas, for […]Read More
2021 has tested the ability of the AMS to weather a crisis. As the COVID-19 pandemic drags on, disruptions to the global economy continue to cast a shadow upon the development of ASEAN. Amidst this, the economies of ASEAN have made the digital economy a key component of their strategy to achieve a new phase […]Read More
Gone are the days when climate change was talked about in future tense – it is happening now and happening fast. With more extreme weather events battering the region, Southeast Asia (SEA) must champion not only disaster anticipation and preparedness but also disaster mitigation equally well. As energy consumption in the region is projected to […]Read More
Book Launch | Shaping the Post-Pandemic Recovery: Annual Sub-national Competitiveness Analysis of India
2021 was a tough year for many Indian households, the national healthcare system, and the government due to the second wave of the COVID -19 outbreak. The ‘Delta’ variant outbreak dampened the country’s economic recovery. However, the impact of the second wave on economic growth was less adverse than the previous one. After contracting by […]Read More
Book Launch | Annual Competitiveness Analysis on 34 Greater China Economies and FDI Development in Greater Bay Area
The second year into COVID-19 has witnessed the continued disruption of the global supply chain. Despite the challenges from international uncertainties, China has continued to support globalisation through statements and actions and further opened up its economies. In 2021, China’s total trade volume and realised foreign direct investment (FDI) reached RMB 39.1 trillion and RMB […]Read More
The ‘take, make, dispose’ approach that formed the bedrock of the linear economy has come under scrutiny with a growing focus on circular economy. With countries moving to build their own capabilities, regional groupings too have sought to address the issue collectively. As such, the Association of Southeast Asian Nations (ASEAN) has launched the Framework […]Read More
Data quality is paramount for educated decision-making for businesses, governments, academics and individuals alike. When data is not complete, its analyses lead to biased results which could have far-reaching consequences. PATSTAT, a global database of patent statistics published by European Patent Office (EPO), draws on data from over 100 million patents from 196 patent offices […]Read More
Urbanization – manifested through level of infrastructure development, perception of businesses, and state of labor market – has the potential to catalyze economic growth and improve human capital outcomes. In 2017, the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) into a megalopolis was codified in a government report in China. GBA consists of […]Read More
Nepal has witnessed significant economic and political events during the past 2 decades. The country’s government system has transitioned from a monarchy to republic and eventually a federal structure. Furthermore, the 2015 Earthquake and the COVID-19 pandemic further altered the country’s overall course of policy priorities. Currently, Nepal has entered its second cycle of federal […]Read More
Exploring a Possible Factor for Brain Drain in the Contexts of Singapore and Hong Kong- the Role of Attachment to home domicile/country?
This exploratory study examines the importance of attachment to home country (or attachment to home domicile in the case of Hong Kong which is not a sovereign nation), as a determinant of people’s inclination to stay or leave their home country. There have been other competing constructs, such as place attachment, which is the bonding […]Read More
Which of the Greater Bay Area cities has benefited more from the GBA development plan? We have the answer!
After introducing the GBA (Greater Bay Area) Framework Agreement, Foshan witnessed a surge in greenfield foreign direct investment (FDI) in 2018. From 2018 to 2020, the average annual number of greenfield FDI contracts, and contracted foreign capital, went up to 751 and USD 8,675 million, respectively. This was as opposed to previous figures of 200 […]Read More
In terms of the value, quantity, and quality of exports, which countries are more affected by the rise of China?
The paper “Quality Upgrading and Import Competition: Impact of Chinese Competition on Developing Asia” shows the differential impact of Chinese competition on Asian countries, where it concerns their exports to the US. Given similarities in comparative advantage and geography with China, it seems that most Asian countries should be negatively affected, however, based on the […]Read More
What’s the optimal trade policy when there’s international knowledge diffusion? The answers may surprise you.
The paper “Trade Policy in a Ricardian World with International Knowledge Diffusion” shows that, although the “non-discrimination” principle is optimal from a static perspective, when dynamic knowledge diffusion is taken into account, countries will set trade policy discriminatively so as to reorient trade towards more technologically advanced trading partners for faster economic growth. The author […]Read More