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Productive services with the help of internet technologies
By Erik van der Marel. Posted December 12, 2018
One long-standing concern in the economic field has been that services contribute little to economic development. Services would suffer from a so-called Baumol’s cost disease (Baumol 1967), meaning factors such as labor cannot be easily substituted for more productive factors using existing technologies, as it happens in manufacturing. Over time, this would lead services to become a drag on the economy relative to other more productive industries.
Piecemeal Policy Approaches to Aging Societies: Can They Be Avoided with Proper Data on Well-Being?
By Claude Bodart. Posted March 23, 2018
The rapid pace of aging in developed and developing countries, especially in Asia, requires data for informed decision-making to ensure the well-being of aging populations. But for many countries, data for sound policy-making, planning, and investment targeting have not been available. This has led to piecemeal public policies with little sense of priority.
Mergers and acquisitions and corporate innovation
By Kai Li. Posted August 17, 2017
Technological innovation represents modern corporations’ endeavors to develop and accumulate knowledge, and it has long been recognized as a catalyst for economic growth and productivity increase (Solow 1957; Romer 1986; Aghion and Howitt 1992) and as a key factor in the competitive advantages of nations (Porter 1998).
Blockchain pilots making waves in developing Asia
By Alisa DiCaprio and Steven Beck. Posted July 20, 2017
We’ve all heard the buzz about the potential applications of blockchain technology. But what’s actually happening in developing countries in Asia and the Pacific? Beyond bitcoin payments and remittances, blockchain exists largely in the pilot stage. Governments and banks are collaborating with technology firms to see if it can be used to solve persistent problems like traceability, identification, and trust.
Digital trade needs more coordination, leadership
By Alisa DiCaprio. Posted May 11, 2017
Electronic documentation in trade has made impressive recent gains in Asia and the Pacific. Up to 38% of banks in the region report progress in digitizing their operations in 2015, and more than a third of countries had partially or fully implemented electronic customs systems by the end of last year.
Going digital in the Pacific: lessons from Samoa’s online firms
By Michael Laps and Alisa DiCaprio. Posted September 29, 2016
More than ever before, Pacific firms are moving online. Will this increase e-commerce? This online activity is particularly good news in 2016, as the Pacific has witnessed an 8.2% jump in tourism arrivals. According to Pacific niche exporters, tourists constitute the majority of their overseas customers, often by visiting the seller’s website after they return home to seek out more information or re-order souvenirs.
Technology and innovation for SMEs: Policy lessons from East Asia
By Patarapong Intarakumnerd and Akira Goto. Posted July 7, 2016
Small and medium-sized enterprises (SMEs) in developing economies often have difficulties improving their technological capabilities in terms of product or process innovation. Therefore, some kind of government support is necessary.
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