Tag: ict

From digital to real economies: Lessons from Singapore’s Digital Economy Agreements

.Reading time 7 minutes.

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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Chart of the Week November 19, 2021: Impact of data flow policies on ICT sectors

.Reading time 1 minute.

Summary: Data is regarded as the fourth factor of production in today’s digital economy and plays an integral role in digital trade. In contrast with overly strict or relaxed data flow policy, a balanced approach will maximize the output of the ICT sector. Digital Economic Agreement (DEA) stipulations concerning data flows are deemed to improve […]

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Chart of the Week October 20, 2021: The pandemic in hindsight: Bali’s impetus for economic diversification

.Reading time 2 minutes.
Chart of the Week October 20, 2021: The pandemic in hindsight: Bali’s impetus for economic diversification

Summary: The global travel disruption had cascading effects on tourism and the supporting sectors in Bali. This week’s chart portrays Bali’s vulnerability to the worldwide border closure amid COVID-19 and underlines potential areas for diversification. Bali’s economy contracted by 9.3% in 2020, one of the worst-hit provinces in Indonesia. The loss of tourism revenue scraped […]

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