Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
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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Summary: The Chinese government officially launched the integration of the Greater Bay Area in 2017, with the aim of building Hong Kong, Macau and nine mainland cities into a competitive urban agglomeration. With the advancement of this strategy, inward FDI flows increased to other GBA cities as well. Post the Covid-19 pandemic, the recovery in […]
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Summary: To propel the economic development of the Greater Bay Area, China’s State Development and Reform Commission signed the “Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Greater Bay Area” in 2017. The involvement of Guangdong, Hong Kong, and Macau governments in this agreement marks the beginning of integrated development in […]
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Summary: Digital economy has become increasingly prominent in China’s tertiary industry. Due to the pandemic, big data and internet have been put to full use in almost all sectors of the economy. The size of the digital economy in the service sector is found to be 40.7%, according to findings from the China Academy of […]
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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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