Chart of the Week | May 20, 2022

Singapore’s Greenfield Investments Abroad

In 2021, Singapore experienced a strong rebound in outward greenfield investments, mainly through investments in real estate, retail and the setting-up of data centres.

Featured Research

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 […]

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Is there “pandemic arbitrage”? In other words, are destinations, that are coping well with the pandemic, more favorable to FDI?

Internationalization is a major strategic component of most business firms’ activities (Meilin, 1992), and key models of internationalization tend to describe it as taking place gradually and in distinct stages (Boisot and Meyer, 2008; Johanson & Vahlne, 1990; Meilin, 1992; Vernon, 1966). During their internationalization process, firms shift progressively from low involvement (e.g., exporting) to […]

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ASEAN’s Digital Economy Aspirations: An assessment of the policy documents of the ADM2025, ADIFAP, and the BSBR

The digital economy has grown in importance around the world. It refers to the broad range of economic activities that use digitized information and knowledge as key factors of production (Asian Development Bank, 2018). Enablers include the internet, cloud computing, big data, fintech, and other new digital technologies. Asia’s digital transformation is already having a […]

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Batam, Bintan and Beyond: Riau Islands as Indonesia’s hotspot for Manufacturing and Digital Investments

With proximity to Indonesia’s major trading partners, Riau Islands is one of the country’s premier manufacturing hubs, with the industry contributing over 40% to its economy in 2020. The province is home to large industrial estates such as the Nongsa Digital Park and Bintan-Batam-Karimun Free Trade Zone. In post-pandemic Indonesia, the province is a hotspot […]

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Could MAS’s Policy hit the dual targets of welfare maximization and sustainability? Definitely!

Climate-related risks have received growing attention from policy makers in recent years (Dikau and Volz, 2021; Muller, 2021), and central banks and other stakeholders within the financial sector are believed to be better able to promote a sustainability agenda through the use of various initiatives. This article reviews the latest initiatives by Singapore’s financial sector […]

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Indonesia’s Third COVID-19 Wave: Resiliency and Recovery

Indonesia’s third wave of the COVID-19 pandemic has taken the country by storm since early June 2021, proving to be one of the worst outbreaks that the world has seen. As the delta variant spreads across the densely populated areas of the country, the healthcare system faces immense pressure and is running low on oxygen […]

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Bali’s Roadmap to Recovery: Post-Pandemic Economic Strategies

As Bali reopens its borders after an 18-month hiatus, how will Bali regain its economic momentum? What are the drivers of future growth and economic resilience? ACI’s recent webinar titled “Bali’s Roadmap to Recovery: Post-Pandemic Economic Strategies”, hosted on Thursday, 21 Oct 2021 in collaboration with Universitas Pendidikan Ganesha, tackled this issue in depth. Speakers […]

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Gender Divide Meets Digital Divide in ASEAN’s Financial Ecosystem

The COVID-19 pandemic has accelerated the rate of digitalization across many everyday activities, one of which is payment modes. As e-commerce levels rose and the need for contactless payment methods became more urgent, the increased adoption of digital payments has been welcomed. With rapid changes in technology in recent years, the traditional methods of financial […]

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Palapa Ring Project: Indonesia’s Digitalization

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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