Problems with the GDP -- Alternatives to GDP -- The GPI as an alternative indicator of welfare -- Items used to calculate the GPI -- The GPI of Hong Kong: results -- The GPI of Singapore : results -- The "threshold hypothesis" and the two city states -- Towards a steady state economy

Financial conditions indexes (FCIs) are constructed for five Asian economies, namely, Hong Kong, China; Japan; the Republic of Korea; Malaysia; and Singapore, using a principal component analysis (PCA) methodology from Hatzius et al. (2010) and quarterly data. Various financial stress indicators are...

Im pazifischen Becken gab es bereits in der Vergangenheit zahlreiche Initiativen zur Institutionalisierung der natürlich gewachsenen Interdependenzen und eine Reihe von Gründungen multilateraler Organisationen und Institutionen. Die APEC (Asiatic Pacific Economic Cooperation), zu deren...

Over the past few decades, rapid urbanisation has threatened to erode public space, especially in emerging economies. Market forces that prioritise profit generation are allowed to construct venues of consumption in its place. Though their physical appearance may resemble traditional public...