The global economy must face crucial challenge on how to cope with soaring oil prices, which have been on a precipitous increase in the last years. The high rise has alarmed countries around the world, especially the net oil importers, since continuing oil price hikes tend to lower economic...

Unemployment and underemployment are the most pressing problems in Asia today, which is reflected in the widespread underutilization rate of about 29% of the total labor force. In addition to the fact that most of the labor force in developing countries cannot afford to be completely unemployed,...

Having discussed issues of economic reform and its applications on the Indonesian economy followed by Indonesian SAMs and CGE applications, three CGE models representative to the economy were developed by using SAMs of 1985, 1990 and 1993 for analysing the effects of economic reform. Production...

Agricultural trade barriers remain prevalent among developing countries. Three important questions arise from this fact. First, is there any justifiable reason for agricultural protection in developing countries? Second, what are the effects of farm trade liberalization that might result from...

Unemployment and underemployment are the most pressing problems in Asia today, which is reflected in the widespread underutilization rate of about 29% of the total labor force. In addition to the fact that most of the labor force in developing countries cannot afford to be completely unemployed,...

Sovereign wealth funds (SWFs) are emerging as developing Asia's main policy tool for handling the region's excess foreign exchange reserves. SWFs represent a strategic shift of excess reserves from low-risk, low-return investments to high-risk, high-return investments, and are subject to a wide...