Pub Date : 2021-09-01DOI: 10.1177/26316846211038223
R. Chadha, S. Pohit, Devender Pratap
The growing protectionism globally and the outbreak of a major US–China trade war led Indian exports facing higher tariffs. This article has tried to investigate how India should react to the trade tensions between the two largest economies of the world. This will help policymakers in India to assess the impact of the likely developments and choose between different policy responses. In a bilateral US–China trade war, while both the United States and China stand to lose in terms of GDP, exports and imports, India stands to gain. India stands to lose when the US–China trade war applies also to India, which faces higher tariffs from both. India’s losses increase further when India responds by increasing its tariffs on imports from the United States and China. In fact, reducing own tariffs could be a wiser step. Enhancing productivity measures by raising port efficiency and making trade and transport sector more efficient appear to pay dividend. India gains even more from joining the RCEP-like trading block when the United States and China are indulging in bilateral trade war. Last but not least, US–China trade war seems to affect Asian countries, some positively some negatively. JEL Codes: F13, C68, F14
{"title":"The US–China Trade War: Impact on India and Other Asian Regions","authors":"R. Chadha, S. Pohit, Devender Pratap","doi":"10.1177/26316846211038223","DOIUrl":"https://doi.org/10.1177/26316846211038223","url":null,"abstract":"The growing protectionism globally and the outbreak of a major US–China trade war led Indian exports facing higher tariffs. This article has tried to investigate how India should react to the trade tensions between the two largest economies of the world. This will help policymakers in India to assess the impact of the likely developments and choose between different policy responses. In a bilateral US–China trade war, while both the United States and China stand to lose in terms of GDP, exports and imports, India stands to gain. India stands to lose when the US–China trade war applies also to India, which faces higher tariffs from both. India’s losses increase further when India responds by increasing its tariffs on imports from the United States and China. In fact, reducing own tariffs could be a wiser step. Enhancing productivity measures by raising port efficiency and making trade and transport sector more efficient appear to pay dividend. India gains even more from joining the RCEP-like trading block when the United States and China are indulging in bilateral trade war. Last but not least, US–China trade war seems to affect Asian countries, some positively some negatively. JEL Codes: F13, C68, F14","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116017063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-01DOI: 10.1177/26316846211029373
Sanghita Mondal
facilitating energy transition process from traditional fossil fuels to renewables for addressing energy insecurity. The methods and results of the chapters leaves further scope to extend the analysis for other countries in Asia and other regions with similar energy demand and supply pattern. Policy recommendations provided in each chapter of the book will help policymakers in framing resilient energy and environmental policy solutions and for stimulating renewable energy development for sustained economic growth at national as well as regional level. This book will be of interest to scholars, researchers, policymakers and financial institutions in enhancing their knowledge about energy security or insecurity, energy economics, environment, climate change and sustainable development.
{"title":"Richard E. Baldwin and Simon J. Evenett (eds.), Covid-19 and Trade Policy: Why Turning Inward Won’t Work","authors":"Sanghita Mondal","doi":"10.1177/26316846211029373","DOIUrl":"https://doi.org/10.1177/26316846211029373","url":null,"abstract":"facilitating energy transition process from traditional fossil fuels to renewables for addressing energy insecurity. The methods and results of the chapters leaves further scope to extend the analysis for other countries in Asia and other regions with similar energy demand and supply pattern. Policy recommendations provided in each chapter of the book will help policymakers in framing resilient energy and environmental policy solutions and for stimulating renewable energy development for sustained economic growth at national as well as regional level. This book will be of interest to scholars, researchers, policymakers and financial institutions in enhancing their knowledge about energy security or insecurity, energy economics, environment, climate change and sustainable development.","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"08 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127442257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-01DOI: 10.1177/26316846211029372
Jay Maniyar
Bhagwati, J. (1987). VERs, quid pro quo FDI and VIEs: Political-economy-theoretic analysis. International Economic Journal, 1, 1–14. Natraj, G., & Sahdev, G. (2019, January 7). RCEP: India must stop being a naysayer. The Hindu Business Line. https://www.thehindubusinessline.com/opinion/rcep-indiamust-stop-being-a-naysayer/article25933654.ece Wignaraja, G. (2018, July). What does RCEP mean for insiders and outsiders? The Experience of India and Sri Lanka (ARTNeT Working Paper Series No. 181). ESCAP. UNCTAD (2021). Key statistics and trends in international trade 2020: Trade trends under the COVID-19 pandemic. United Nations Publications.
{"title":"Sachin Chaturvedi, Anita Prakash and Priyadarshi Dash, Asia-Africa Growth Corridor: Development and Cooperation in Indo-Pacific","authors":"Jay Maniyar","doi":"10.1177/26316846211029372","DOIUrl":"https://doi.org/10.1177/26316846211029372","url":null,"abstract":"Bhagwati, J. (1987). VERs, quid pro quo FDI and VIEs: Political-economy-theoretic analysis. International Economic Journal, 1, 1–14. Natraj, G., & Sahdev, G. (2019, January 7). RCEP: India must stop being a naysayer. The Hindu Business Line. https://www.thehindubusinessline.com/opinion/rcep-indiamust-stop-being-a-naysayer/article25933654.ece Wignaraja, G. (2018, July). What does RCEP mean for insiders and outsiders? The Experience of India and Sri Lanka (ARTNeT Working Paper Series No. 181). ESCAP. UNCTAD (2021). Key statistics and trends in international trade 2020: Trade trends under the COVID-19 pandemic. United Nations Publications.","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121041463","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-01DOI: 10.1177/26316846211038421
N. Ghosh, Sayanangshu Modak
This article talks of the various governance lessons that the Mekong basin bears for the Ganges–Brahmaputra–Meghna (GBM) basin. It highlights the existing hydropolitical and ecological problems associated with the GBM basin, the reasons for which are attributed to the reductionist colonial engineering paradigm also delineated in this article as ‘arithmetic hydrology’. The transboundary interactions in the GBM to resolve the problems have largely relied on an issue-based, piecemeal, fragmented approach that has further complicated the problems. It is in this context, the article brings in how a cooperative mechanism in the institutional form of the Mekong River Commission (MRC) has been attempting to promote a participative and integrated approach to river basin governance. The article, therefore, talks of some of the replicable practices and learnings that may help in takeaways for the GBM riparians and stakeholders from the Mekong system. JEL Codes: F02, N50, Q01, Q22, Q24, Q25, Q28
{"title":"What Governance Lesson Does Mekong Bear for Ganges–Brahmaputra–Meghna (GBM) Basin?","authors":"N. Ghosh, Sayanangshu Modak","doi":"10.1177/26316846211038421","DOIUrl":"https://doi.org/10.1177/26316846211038421","url":null,"abstract":"This article talks of the various governance lessons that the Mekong basin bears for the Ganges–Brahmaputra–Meghna (GBM) basin. It highlights the existing hydropolitical and ecological problems associated with the GBM basin, the reasons for which are attributed to the reductionist colonial engineering paradigm also delineated in this article as ‘arithmetic hydrology’. The transboundary interactions in the GBM to resolve the problems have largely relied on an issue-based, piecemeal, fragmented approach that has further complicated the problems. It is in this context, the article brings in how a cooperative mechanism in the institutional form of the Mekong River Commission (MRC) has been attempting to promote a participative and integrated approach to river basin governance. The article, therefore, talks of some of the replicable practices and learnings that may help in takeaways for the GBM riparians and stakeholders from the Mekong system. JEL Codes: F02, N50, Q01, Q22, Q24, Q25, Q28","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121702921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-07-28DOI: 10.1177/26316846211032000
B. Nag, Partha Ray
This article seeks to explore the relationship between the global financial crisis (2007–2009) and the East Asian crisis (1997–1999) via the contribution of select East Asian countries, which led to the formation of the ‘global imbalance’, that is, experience of substantial and consistent current account surplus. Taking a cue from Bernanke’s ‘savings glut’ hypothesis, which has held ‘global imbalance’ to be a factor behind the global financial crisis, specifically, the article argues that in these countries, the nature of current account balance has undergone a sea change since the end of the 1990s. They also accumulated a substantial amount of foreign exchange reserves since then along with a major shift of trade regime and consequent trade surplus in all these countries. The article conjectures that the mishandling of the rescue package by International Monetary Fund could have induced them to go aggressively for accumulation of forex reserves. Thus, the two crises separated by a decade and in different continents are, indeed, linked through providing an incentive for brewing up of global imbalance via an activist trade policy in select East Asian countries. Seen in this context and from this standpoint, the two crises, indeed, appear to be close siblings! JEL Codes: F41, F62, O53
{"title":"Two Crises Separated by a Decade: Political Economy of Trade Strategy and Reserves Accumulation in East Asia","authors":"B. Nag, Partha Ray","doi":"10.1177/26316846211032000","DOIUrl":"https://doi.org/10.1177/26316846211032000","url":null,"abstract":"This article seeks to explore the relationship between the global financial crisis (2007–2009) and the East Asian crisis (1997–1999) via the contribution of select East Asian countries, which led to the formation of the ‘global imbalance’, that is, experience of substantial and consistent current account surplus. Taking a cue from Bernanke’s ‘savings glut’ hypothesis, which has held ‘global imbalance’ to be a factor behind the global financial crisis, specifically, the article argues that in these countries, the nature of current account balance has undergone a sea change since the end of the 1990s. They also accumulated a substantial amount of foreign exchange reserves since then along with a major shift of trade regime and consequent trade surplus in all these countries. The article conjectures that the mishandling of the rescue package by International Monetary Fund could have induced them to go aggressively for accumulation of forex reserves. Thus, the two crises separated by a decade and in different continents are, indeed, linked through providing an incentive for brewing up of global imbalance via an activist trade policy in select East Asian countries. Seen in this context and from this standpoint, the two crises, indeed, appear to be close siblings! JEL Codes: F41, F62, O53","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122711855","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-01DOI: 10.1177/2631684620982127
U. Dhar
development through the labour migration process. In this chapter, they examine the cost-sharing arrangements in place and show how the Skills Mobility Partnership (SMP) approach can help meet the growing demand for labour migration skills. Apart from discussing this arrangement, this chapter also examines future difficulties in implementing the SMP approach, especially in arranging correct partnerships and ensuring the right incentives for different parties. The relevance of new SMPs to Asian economies is also discussed in this chapter. Based on the world economy’s current economic downturn, labour migration in Asia will be positively affected in future years. At this juncture, the report is highly valuable for the policymakers of Asian economies, academicians, researchers, international agencies and students searching for sound knowledge and data support on the labour migration in Asia. This report includes an in-depth analysis of labour migration with demographic assessments, which opens up some prospective areas of future research on effective labour migration management.
{"title":"Asian Development Bank (ADB), Asian Development Outlook 2020: What Drives Innovation in Asia?","authors":"U. Dhar","doi":"10.1177/2631684620982127","DOIUrl":"https://doi.org/10.1177/2631684620982127","url":null,"abstract":"development through the labour migration process. In this chapter, they examine the cost-sharing arrangements in place and show how the Skills Mobility Partnership (SMP) approach can help meet the growing demand for labour migration skills. Apart from discussing this arrangement, this chapter also examines future difficulties in implementing the SMP approach, especially in arranging correct partnerships and ensuring the right incentives for different parties. The relevance of new SMPs to Asian economies is also discussed in this chapter. Based on the world economy’s current economic downturn, labour migration in Asia will be positively affected in future years. At this juncture, the report is highly valuable for the policymakers of Asian economies, academicians, researchers, international agencies and students searching for sound knowledge and data support on the labour migration in Asia. This report includes an in-depth analysis of labour migration with demographic assessments, which opens up some prospective areas of future research on effective labour migration management.","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"50 15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123620817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-01DOI: 10.1177/2631684620982123
F. Kimura, S. Umezaki, A. Prakash
{"title":"Economic Research Institute for ASEAN and East Asia (ERIA), The India Myanmar Thailand Trilateral Highway and Its Possible Eastward Extension to Lao PDR, Cambodia and Vietnam: Challenges and Opportunities, Integrative Report.","authors":"F. Kimura, S. Umezaki, A. Prakash","doi":"10.1177/2631684620982123","DOIUrl":"https://doi.org/10.1177/2631684620982123","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126542995","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-01DOI: 10.1177/2631684620988186
A. Jason
{"title":"Marc Bacchetta and Matthias Helble. Trade Adjustment in Asia: Past Experiences and Lessons Learned","authors":"A. Jason","doi":"10.1177/2631684620988186","DOIUrl":"https://doi.org/10.1177/2631684620988186","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114398416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-01DOI: 10.1177/2631684620982126
S. Hazra
{"title":"Asian Development Bank Institute (ADBI), Organisation for Economic Co-operation and Development (OECD), and International Labour Organization (ILO), Innovative Approaches for the Management of Labor Migration in Asia.","authors":"S. Hazra","doi":"10.1177/2631684620982126","DOIUrl":"https://doi.org/10.1177/2631684620982126","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"197 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128395307","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-01DOI: 10.1177/2631684620985653
C. Jones
Global trading partners continue to adopt increasingly more multilateral and regional trade agreements amidst an overwhelmingly paperless and digital landscape. This can create useful trade alliances and increased efficiencies of digitization, but world trade is still plagued by the near absence of a uniform, harmonised customs and clearance protocol systems which trading partners accept and adhere to. Historically, customs forms and documentation requirements all differ from one nation to the next, and from one trading bloc to another. Un-uniformity in this area thwarts swift and cost-saving exchange of goods. The EU, North America and the northern Asian nations of Japan, China and South Korea have created various constructs to rectify digital trade dissonance. Southeast Asia famously began construction of the ASW (ASEAN Single Window), a single portal protocol intended to harmonise digital trading throughout the process from origin to destination, and its various successes and continuing challenges will be explored in this article. This research article focuses on and explores critical success factors for better governance of cross-border trade in the ASEAN region by conducting a systematic literature review of data governance related to electronic data exchanges by cross-border trading partners. This study uses a realistic approach while attempting to provide a clear view of the overarching picture of the trade world’s digital exchange challenges.
{"title":"Critical Success Factors for Data Governance of Cross-border e-Trade Data Among ASEAN Member States","authors":"C. Jones","doi":"10.1177/2631684620985653","DOIUrl":"https://doi.org/10.1177/2631684620985653","url":null,"abstract":"Global trading partners continue to adopt increasingly more multilateral and regional trade agreements amidst an overwhelmingly paperless and digital landscape. This can create useful trade alliances and increased efficiencies of digitization, but world trade is still plagued by the near absence of a uniform, harmonised customs and clearance protocol systems which trading partners accept and adhere to. Historically, customs forms and documentation requirements all differ from one nation to the next, and from one trading bloc to another. Un-uniformity in this area thwarts swift and cost-saving exchange of goods. The EU, North America and the northern Asian nations of Japan, China and South Korea have created various constructs to rectify digital trade dissonance. Southeast Asia famously began construction of the ASW (ASEAN Single Window), a single portal protocol intended to harmonise digital trading throughout the process from origin to destination, and its various successes and continuing challenges will be explored in this article. This research article focuses on and explores critical success factors for better governance of cross-border trade in the ASEAN region by conducting a systematic literature review of data governance related to electronic data exchanges by cross-border trading partners. This study uses a realistic approach while attempting to provide a clear view of the overarching picture of the trade world’s digital exchange challenges.","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"154 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117198897","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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