Showing 1 - 10 of 239
In the run-up to the 2008 global financial crisis, there was frequent discussion of Asia having decoupled from economic shock transmission originating in Europe or North America. Much of the basis for these arguments was related to the rapid expansion of intraregional trade in Asia. This paper...
Persistent link: https://www.econbiz.de/10003855394
This study is a comprehensive, empirical analysis of the linkages between governance, institutions, and regional … infrastructure. The empirical results indicate that governance and institutions are crucial for regional infrastructure development … regions) with higher income, stronger institutions, better governance, and more open economies are likely to have higher …
Persistent link: https://www.econbiz.de/10003928035
Global supply chains have been growing, but also evolving, for decades. The People's Republic of China (PRC) has been acquiring an increasingly central role in global value chains, but things might be starting to change. The trade war between the United States (US) and the PRC and, especially,...
Persistent link: https://www.econbiz.de/10014310421
In this paper, the literature on trade and development is surveyed, especially that regarding the role of complementarities associated with trade infrastructure. The empirical literature shows that, on average, trade causes growth, but the relationship is far from homogeneous across countries...
Persistent link: https://www.econbiz.de/10011576841
Regional economic integration agreements are considered to be important policy mechanisms to address regional … lack of comprehensive pan-Asian formal regional economic integration agreements on the other. The need for such regional …
Persistent link: https://www.econbiz.de/10003927386
International trade has played an essential role in Asia's remarkable growth, development, and integration in recent … in facilitating trade's contribution to economic integration. A virtuous circle between growth, infrastructure investment …, trade expansion, and regional integration is elucidated. …
Persistent link: https://www.econbiz.de/10003855398
Infrastructure services, from both hard and soft infrastructure, play a vital role in facilitating Asia's export-led growth by keeping the prices of delivered goods in export markets competitive. Efficient infrastructure services lower transaction costs, raise value added, and increase potential...
Persistent link: https://www.econbiz.de/10003855450
As trade is an important driver of growth and infrastructure is a necessity for trade, infrastructure development has a key role to play in economic development. This study aims to quantify the potential benefits of the development of the economic transport corridors, along with the...
Persistent link: https://www.econbiz.de/10003855463
This paper examines financing mechanisms to support infrastructure development and connectivity in Northeast Asia - comprising the Northeastern People's Republic of China, Japan, the Democratic People's Republic of Korea (DPRK), the Republic of Korea, Mongolia, and the Russian Far East. Although...
Persistent link: https://www.econbiz.de/10009704218
Serious efforts at economic integration among the Association of Southeast Asian Nations (ASEAN) members started only … giving rise to widely divergent perceptions of benefits and costs of integration. The switch to outward-looking development … Area) pressured ASEAN to form a free trade area (FTA) in 1992. The challenges of globalization, slow recovery from the …
Persistent link: https://www.econbiz.de/10010193774