Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
There is no doubt that data has become a critical production factor, alongside the other usual factors such as labor, capital, and land. However, data has several unique characteristics. For instance, it’s non-rivalrous, meaning it can be used by multiple entities simultaneously without diminishing its value. Also, data is non-excludable, meaning it is difficult to […]
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Summary: While it seems that China will continue as the world’s super factory and leading exporter, Vietnam is increasingly exporting products similar in structure to Chinese exports. Vietnam is emerging as an attractive option for international firms as a cheaper and better manufacturer than China.[1],[2] Using the United Nations Comtrade database from 2004 – 2021, […]
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In times of uncertainty, such as the Covid-19 pandemic, policymakers are compelled to make high-risk and quick decisions that may go against their broader policy mandates. At the onset of the pandemic, the Indian government mandated a clearance requirement for new FDI projects from land-border sharing economies. It was widely understood that these new FDI […]
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Summary: China’s tourism industry has been hit hard in the past three years due to its zero-tolerance approach to Covid-19. According to the Ministry of Culture and Tourism, the nation’s tourism industry generated total revenue of RMB 6.63 trillion in 2019. The tourism revenue declined to RMB 2.23 trillion, RMB 2.92 trillion and RMB 2.04 […]
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Summary: The residential status of patent applicants indicates the source of inventions in a country. Different technological development strategies of nations affect the structures of patent applicants’ profiles. For example, China’s favourable policies towards domestic innovation culminated in residents’ share in the country’s total patent filings at 90% in 2021. In contrast, 86% of Singapore […]
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Summary: The Greater Bay Area strategy accelerated the “Guangzhou-Foshan Urban Integration”. The transportation time between the two cities shortened to about an hour, facilitating business expansion and labour flows. Around thirty-eight designated hospitals (thirty from Guangzhou and eight from Foshan) have shared the general medical insurance for residents in the two cities. The two cities […]
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Summary: Collaboration with overseas inventors has become an important driver for invention in Singapore. Singapore’s partnerships with overseas inventors increased by 34% compared to the previous decade. The United States remains Singapore’s most dominant partner, with one-third of all overseas co-inventor patent families. In addition, China, Germany, and India have achieved more invention collaborations in […]
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International trade has been rightfully touted as an engine of economic growth, but its impact on the labor market might differ among different economies. Over the last few decades, China’s unsurpassable growth numbers have caught the world’s attention. The labor-intensive economy of China has been the focus of numerous international trade studies, with the impact […]
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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 […]
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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 […]
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ACI PERSPECTIVES 