The State of Journal Publishing: Elsevier on Gender
Asia Economics Blog
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3M ago
suffers from a dearth of women among its top tier editors. The underlying problem is that academics are not making the selections; rather, the choices are made by Elsevier staff who do not read the journals they manage or appreciate how those journals distinguish themselves. They thus rely on superficial criteria and succumb to subjective biases on gender in picking editors.  ..read more
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Asia's Value Chain Momentum by Economy: Regionalization and Intermediate Services
Asia Economics Blog
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3M ago
This post analyzes trade patterns at the economy level for East Asia with a focus on intra-regional trade and trade in intermediate services to assess prospects. The upshot is that developing regional s have figured significantly in declining trade values; and the future of globalization lies in  upply chains and pursuing comparative advantage in intermediate services may offer promising opportunities ..read more
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Geopolitical Fragmentation, Regional Cooperation, and Prospects for ASEAN Trade and Value Chains
Asia Economics Blog
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3M ago
Hence, the strong policy headwinds facing globalization in the post-Covid period threaten continued growth and prosperity in the region. Proposals in major markets to protect domestic industries by raising obstacles to trade vary from sectoral protection to more comprehensive “geopolitical” or “geoeconomic” approaches, such as: (1) to encourage local production; (2) to encourage trade with regional partners; and (3) to support trade with political and diplomatic allies at the expense of others. The result could be “geoeconomic fragmentation ..read more
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Macro Policy Update, 2022
Asia Economics Blog
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3M ago
This post continues a series that applies the framework developed in (Cambridge University Press, 2022; ) to analyzing monetary and fiscal policy. The series began with a trilogy of posts on the of 2020 and associated policy responses. There followed a in which the pandemic continued to figure as the main challenge to macro stability. This post for 2022 finds the pandemic subsiding with attention turning to the disruptive spillover of US monetary tightening and the need to re-establish fiscal sustainability ..read more
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Nudging Asian Economists toward Open Access
Asia Economics Blog
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3M ago
the full length article need be no less accessible or transmissable than the blog post. Why, then, are most research articles locked behind paywalls erected by corporate publishers, with " a talk at the Peterson Institute " Elsevier in particular able to  ? The answer has a lot to do with how universities and research institutions measure and reward accomplishment, allowing profit-oriented corporations to set the terms ..read more
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Taiwan's Weathering of 2022 Shocks to Global Capital
Asia Economics Blog
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3M ago
US interest rate hikes in 2022 have drawn global capital away from the rest of the world to put downward pressure on currency values vis a vis the dollar. To defend their exchange rates, many Asian central banks have sold off reserves. A future post will provide an overview of the situation as data become more broadly available. For Taiwan, data already in hand reveal a surge in capital outflows. For the first half of 2022, net portfolio outflows reached $77 billion versus average full-year magnitudes hovering around $60-80 billion for most of the past decade. Even in the context of a rush of ..read more
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The Cruel Arithmetic of Income Convergence in East Asia
Asia Economics Blog
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3M ago
The question for this note is whether the countries on the left-hand side of Table 1 are following the path of the Asian high-flying economies on the right-hand side. Can the poorer countries of Southeast Asia move up to the standard of living found in the group of more affluent countries? Can incomes converge at a high level across Southeast Asia? Some countries, including , have made this a national planning goal ..read more
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Cross-Border Value Chains in Developing Asia Survive Trade Tensions and the Pandemic
Asia Economics Blog
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3M ago
Asia’s exports doubled from 16% of GDP in 1990 to 34% in 2008, driven by the global fragmentation of production processes. After 2008, however, exports-to-GDP moderated, reflecting what some have dubbed . This reality, however, conceals much heterogeneity: the slowdown was largely driven by falling commodity prices and by China becoming more self-reliant. Given the persisting role of cross-border value chains for Asian economies, understanding their dynamics remains crucial to strengthening the resilience of these economies ..read more
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Supply Chain Credit Risk under the Pandemic: Evidence from US Networks with China
Asia Economics Blog
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3M ago
The vulnerability of global supply chains and their impact on the economy has become a central issue during the current COVID-19 pandemic. While global supply chains allow firms to outsource production more cost effectively, they also expose firms to developments in the local economies where supply chain partners are located. During the recent COVID-19 pandemic, countries took measures to contain the pandemic through shutdowns and social distancing mandates. These measures created disruptions for local firms and their supply chain partners located in different regions. Disruptions in supply ch ..read more
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Asia's Value Chain Momentum by Economy: Regionalization and Intermediate Services
Asia Economics Blog
by
3M ago
This post analyzes trade patterns at the economy level for East Asia with a focus on intra-regional trade and trade in intermediate services to assess prospects. The upshot is that developing regional s have figured significantly in declining trade values; and the future of globalization lies in  upply chains and pursuing comparative advantage in intermediate services may offer promising opportunities ..read more
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