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By Matthias Helble. Posted November 24, 2015
At the beginning of October, 12 Pacific Rim countries agreed on the Trans-Pacific Partnership (TPP) agreement. The TPP agreement has been hailed as a landmark trade pact, as it includes many issues that have so far not found their way into the rule of law in the multilateral trading system. As a reaction to the successful deal, World Trade Organization (WTO) Director-General Roberto Azevêdo announced that the TPP “will serve as an inspiration for WTO members” for the forthcoming 10th Ministerial Conference in Nairobi, Kenya. In this article, I argue that neither the process of TPP talks nor the content of the TPP agreement can provide a positive stimulus for the Doha Development Agenda (DDA) negotiations. Read more.
Energy security and sustained growth: Analysis of the energy outlook and savings potential in the EAS region
By Han Phoumin. Posted November 18, 2015
Sustained population and economic growth have almost doubled both primary and final energy demand in the East Asia Summit (EAS) region, and this rising energy demand is posing an increasing threat to energy security. Examination of potential energy saving is key to reducing energy demand and carbon dioxide (CO2) emissions, and findings can shed light on policy implications for decision making to ensure the region can enjoy economic growth without compromising energy security or causing environmental problems. Read more.
By Catherine Ramos. Posted November 10, 2015
Education and skills are important policy levers for sustainable socioeconomic growth. With the right economic fundamentals, a highly educated population with the appropriate skills is a powerful tool for economies to move from the low-income to the middle-income status, or for those already in the middle-income category to avoid the middle-income trap and move to the high-income category. Skills shortages are a pressing issue as they limit the growth of output in the short term and limit the possibility for diversification and innovation in the long term. Read more.
By Ganeshan Wignaraja. Posted November 5, 2015
One of the striking lessons from Asia’s success over the past few decades is that it makes economic sense to invest in regional infrastructure to link two or more countries to support outward-oriented development strategies. Read more.
By Jayant Menon. Posted October 28, 2015
After more than 5 years of numerous missed self-imposed deadlines, trade ministers from the 12 participating Asia-Pacific countries finally concluded the Trans-Pacific Partnership (TPP) in Atlanta on 5 October 2015. The public fanfare accompanying the announcement led many to believe the agreement would soon come into force. Yet there is a lot that needs to be done before that happens, and there is no guarantee that it will. In this article, I examine two issues: (i) what concluding the TPP means in terms of what was achieved and what remains to be done; and (ii) what the TPP is likely to look like, given what we now know following the negotiations. Read more.
By Victor Jing Li. Posted October 20, 2015
It has been reiterated that the People’s Republic of China (PRC) and Hong Kong, China are under different economic systems. The PRC is basically socialism with more planned economy features, while Hong Kong, China is basically capitalism with more free market features. Read more.
By Sock-Yong Phang. Posted October 14, 2015
In 2015, the value of housing assets owned by households in Singapore at the aggregate level was 55% of their net worth. Ninety percent of Singapore households owned their homes, meaning that almost all households had wealth saved in housing, and households’ housing wealth was 2.1 times that of the country’s gross domestic product. Read more.
By Ganeshan Wignaraja. Posted October 6, 2015
Concerns about moderating economic growth and rising income inequality in ASEAN economies have brought small and medium-sized enterprises (SMEs) into the policy limelight. Arguing that SMEs have significant potential for creating jobs, some commentators are suggesting a host of industrial policies such as financial subsidies and local content rules to promote SMEs. However, government failure may result from heavy-handed state intervention for SMEs. Read more.
Japan is almost fully dependent on energy imports. In March 2011, a devastating earthquake and tsunami hit eastern Japan and damaged the nuclear power plant in Fukushima. This disaster led to the shutdown of all nuclear power plants due to the lack of government safety approvals. Japan replaced this significant loss of nuclear power with energy generated from imported natural gas, low-sulfur crude oil, fuel oil, and coal. Read more.
The cliché “Abandon all hope, ye who enter here” from Dante’s Inferno appears more appropriate to the current housing situation in India than anywhere else. India is facing a daunting housing shortage of 49 million units (Tiwari and Parikh 2012) Going forward, with urbanization and growing economic disparity, the challenges associated with housing availability, provisioning, and use will be further extenuated if appropriate remedial measures through policies and programs are not undertaken. Read more.
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- TPP as inspiration for the 10th WTO Ministerial Conference in Nairobi?
- Energy security and sustained growth: Analysis of the energy outlook and savings potential in the EAS region
- Skills and good jobs
- Mega-regional infrastructure initiatives – Asia’s new noodle bowl?
- What next for the Trans-Pacific Partnership?
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