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 […]

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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 […]

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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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