Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
Summary: Indonesia’s digital economy is growing at an impressive rate. According to a report by Google, Temasek, and Bain & Company, Indonesia’s internet economy is expected to reach $124 billion by 2025, making it one of the fastest-growing economies in the world. Despite rapid internet penetration, Indonesia continues to experience a significant digital divide between […]
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Summary: The creation of bitcoin introduced the blockchain technology more than a decade ago. In the early days when the blockchain technology was just made known to the world, there was a plethora of potential applications proposed by blockchain enthusiasts. Fourteen years on, we look at how the blockchain has expanded its applications through the […]
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As digital transformations continue to happen at breakneck speeds around the world, the rise of the digital economy has become impossible to ignore. How long can you survive at work, school, or even otherwise without access to the internet? The value of the digital economy in our lives rests in answer to the question. As […]
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Summary: Credit markets underwent tremendous technological transformation post the global financial crisis. While banks and other traditional lenders continue to be the main source of financing for households and firms, other alternative forms of financing, like digital lending, are gaining ground. Such “FinTech credit” provides direct credit access or facilitates credit access through online platforms. […]
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Summary: ACI’s ASEAN Economic Competitiveness Analysis finds differences in the performance of Indonesia and the Philippines’ infrastructure development. Indonesia performs better in physical infrastructure, while the Philippines performs better in technological infrastructure. Such disparities are intriguing since the countries face similar geographical challenges concerning infrastructure development. The countries also have similar standards of institutional quality […]
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Summary: The digital economy has become a key growth engine for the next stage of development in Asia. The inclusion of digital economy related provisions into both the CPTPP and the RCEP as well as a growing body of bilateral digital economy agreements is strong evidence of the importance of attached to the growth of […]
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Jakarta’s massive infrastructure development and growing digital sector kept the economic slump at bay during the covid-19 pandemic. A recent study by ACI tracks Jakarta’s emergence from the pandemic and its socioeconomic progress vis-à-vis the province’s medium-term development plan (RPJMD). It finds that the province’s digital sector showed resilience amidst the economic contraction induced by […]
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Summary： The growth of the digital economy is often said to be supported by consumer trust in digital platforms, but concerns about online privacy vary among consumers in Asia. Trust in online privacy is relatively lower in countries where citizens use the internet more, and relatively higher in countries where citizens do not go online […]
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As digitalization tightens its grip on the world economy, countries have sought to enhance and deepen their digital cooperation. Proliferating digital trade and the limited scope of digital commitments in the trade agreements paved the way for Digital Economy Agreements (DEA). DEAs are inter-governmental treaties that “establish digital trade rules and allow for digital economy […]
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ACI hosted a webinar CBDC and the Digital Economy: Insights for Asian Emerging Markets on September 28th, 2022. Dr. Taojun Xie was the moderator, Prof. Yiping Huang and Dr. Ammu George were the presenters. On the panel were industry experts – Her Excellency Dr. Serey Chea, Dr. Taimur Baig, and Dr. Xuan Wang. Dr. Xie […]
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