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The recession in the United States in the wake of the global financial crisis has had a pronounced negative impact on developing Asia's exports and growth. As a result, developing Asian countries are increasingly looking to the People's Republic of China (PRC) as a new source of demand and...
Persistent link: https://www.econbiz.de/10003899253
Developing Asia has traditionally relied on exports to the United States (US) and other industrialized countries for demand and growth. As a result, the collapse of exports to the US and other industrialized countries during the global financial and economic crisis has sharply curtailed gross...
Persistent link: https://www.econbiz.de/10003899275
Machine Learning algorithms, such as the artificial neural networks, are acknowledged to outperform several econometric procedures in predictions. Machine learning becomes popular for doing operations that practically require more efficiency and accuracy, derived basically from the algorithm's...
Persistent link: https://www.econbiz.de/10011993791
Expanding trade with East Asia’s "Big Three" economic giants - the People's Republic of China (PRC), Japan, and the Republic of Korea - offers a new potential source of growth for ASEAN in the post-global-crisis period. In fact, ASEAN has been actively pursuing trade liberalization with the...
Persistent link: https://www.econbiz.de/10011281463
The 1997/98 Asian currency crisis has led a once high-flying East Asia to realize its vulnerability to external shocks. This realization has given strong impetus to greater economic integration among East Asian economies, with the ASEAN-Korea Free Trade Area (AKFTA) a case in point. This paper...
Persistent link: https://www.econbiz.de/10011281484
The role of the People’s Republic of China (PRC) in East Asia’s recovery from the recent global financial and economic crisis highlighted the PRC’s growing role as an engine of growth for the region. From the viewpoint of the PRC, there are many potential gains from entering into free...
Persistent link: https://www.econbiz.de/10009697276
The Regional Comprehensive Economic Partnership Agreement (RCEP) gathers 10 ASEAN countries and five partners, namely, the Republic of Korea, China, Japan, New Zealand, and Australia. RCEP covers a market of 2.2 billion consumers and accounts for more than 30 percent of the global GDP. The...
Persistent link: https://www.econbiz.de/10012880743
From the launch of the Indo-Pacific Economic Framework (IPEF), apprehension surrounds its true intentions and objectives. While touted as a US-led strategy to counter China's dominance in the region, IPEF seems to be a very slow-paced initiative and how it will progress, and how to go about it,...
Persistent link: https://www.econbiz.de/10014466408