Tale or Reality about Two Asian Regions | Chapter 5 | New Advances in Business, Management and Economics Vol. 8

By 2024, South Asia will be the next region for economic growth. Reaching this expectation may be dependent on significant changes. In 1970, the per capita gross domestic product for the countries of South Asia and Southeast Asia was similar. Except for Singapore, the countries of Southeast Asia suffered from low levels of education, low participation of women in the workforce, poor infrastructure, low inward flows of FDI, and high barriers to trade. The Vietnam War encompassed Vietnam, Cambodia, and Laos. Indonesia was controlled by Suharto, and Burma (Myanmar) was among the poorest countries outside of sub-Saharan Africa. Fast forward five decades, and the countries of Southeast Asia have undergone dramatic change and have outperformed South Asia. The recent success of South Asia is the product of starting from a low level of performance during the pandemic rather than significant structural changes. For South Asia, replicating the performance of Southeast Asia will depend on removing cultural, regulatory, social, and economic barriers. This study identifies gender disparities, policy barriers, and a lack of regional cooperation as critical hindrances to South Asia’s growth.

 

Author (s) Details

Arthur Kraft
Chapman University, United States.

John Kraft
University of Florida, United States.

 

Please see the book here:- https://doi.org/10.9734/bpi/nabme/v8/5672

Smile Curve and Its Linkages with Global Value Chains: A Sectoral Level Analysis | Chapter 8 | Contemporary Research in Business, Management and Economics Vol. 5

The goal of this paper is to shed light on how important the smile curve notion is at the sectoral level. In particular, we focus on how value added has shifted along the value chain when it comes to Asian exports. The idea and reasoning behind the "smile curve" in relation to global value chains have gained traction recently and have been examined at the level of individual firms. However, they are rarely recognized and examined at the sectoral level utilizing actual data for cross-national analysis. Using TIVA database for 2001 and 2011 time period, several conceptual value chain are investigated including exports of Base Metals, Computer Electronics, Electrical Machinery and Transportation equipment’s in Asian Economies. This paper focuses an idea to measure both the strength and linkages between producers and consumers of global value chain. The identified smile curve provides a very intuitive understanding of the roles played by different countries in various sectors and helps in identifying the benefits gained by them through their participation in global trade. ASEAN’s economic dynamism is expected to benefit from RCEP that will provide a platform for broader economic integration and help address concerns about the ‘noodle bowl’ effect of overlapping bilateral and regional agreements. RCEP will deliver tangible benefits through potential improvements in market access, more coherent trade facilitation, regulatory rules, reforming barriers and cooperation. The flying-geese (FG) theory of growth is in line with the dynamics of structural upgrading and interaction growth through trade and investment within a hierarchy of nations. The function of the Regional Comprehensive Economic Partnership in enhancing economic integration is also emphasized in the report.

Author(s) Details:

Sakshi Aggarwal,
Indian Institute of Foreign Trade, India.

Please see the link here: https://stm.bookpi.org/CRBME-V5/article/view/14187