Author: K. Yhome, Observer Research Foundation
China’s state-run China National Petroleum Corporation (CNPC) completed construction of a natural gas pipeline from Myanmar to China on 28 May 2013 and is close to finishing an oil pipeline.
The pipeline will start delivering gas from Myanmar’s west coast in the Bay of Bengal to Kunming (the capital of China’s Yunnan province) on 1 July, while the oil pipeline will transport China’s crude shipments from the Persian Gulf and Africa when it is completed later this year. Read more…
Authors: Rohit Sinha and Geethanjali Nataraj, ORF
Prime Minister Manmohan Singh’s recent visit to Japan will do as much to invigorate the Indian growth story as it will to strengthen diplomatic relations in the Asia Pacific.
With India investing heavily in infrastructure, Japanese assistance — both technical and financial — has been of great benefit. Read more…
Author: Llewelyn Hughes, GWU
Last year the US and Japanese governments affirmed their joint commitment to fight climate change by cooperating in developing clean energy. Both countries are also pursuing green innovation independently. These efforts are crucial in responding to climate change.
The emerging battle between auto manufacturers in Japan, the United States and Europe over standards for electric vehicles shows, however, that green innovation is as much about competitiveness Read more…
Author: Takatoshi Ito, University of Tokyo
It is almost certain that the 21st century is the Asian century in terms of real side of the economy — growth, trade, consumption, and investment. What is not certain is how Asia will integrate financially and what will happen to Asian currencies.
When the West feared the rise of the Japanese economy in the 1980s, some predicted that the yen would become an international reserve currency. Read more…
Author: K.V. Kesavan, ORF
The India–Japan partnership has matured into an important component of the new security and economic architecture of the Indo-Pacific region.
For a long time, the partnership was centered on economic matters such as development loans, trade and investment. Read more…
Author: Toshiya Takahashi, ANU
Constitutional revision will be a key issue in Japanese politics in the coming years.
Prime Minister Abe, who is rather popular because of his new economic policy, clearly states that his government and the Liberal Democratic Party (LDP) will seek to revise the Constitution of Japan after this year’s Upper House elections.
Read more…
Author: Geethanjali Nataraj, ORF
The India–EU FTA has been on the anvil for a long time, with no major breakthroughs in sight. A week-long intergovernmental meeting in Delhi from 13–15 May failed to iron out differences and ensure progress towards striking a deal.
India has a lot to gain from an FTA with the EU, particularly in regard to preferential and duty-free access to the European market. Read more…
Authors: Anders Engvall, SSE and Soe Nandar Linn, MDRI-CESD
Under the transition process led by President U Thein Sein, the Myanmar government is seeking to simultaneously pursue complex economic and political reforms as well as resolve ethnic conflicts and achieve national reconciliation. These challenges are intrinsically related — reforms will pave the way for reconciliation but increased violent conflict has emerged as a key threat to continued reform. Read more…
Author: Razeen Sally, NUS
The defining feature of early 21st-century international trade is global value chains (GVCs).
Trade in GVCs is the fastest growing part of international trade, and a critical driver of productivity, growth and employment in both developed and developing countries. Read more…
Author: Sourabh Gupta, Samuels International
During the last week of May, Indian Prime Minister Manmohan Singh paid a return visit to Tokyo, in keeping with a tradition inaugurated by him and Prime Minister Shinzo Abe in 2007, to exchange summit-level visits on an annual basis.
Modest progress was reached on resuming negotiations towards a bilateral civil nuclear cooperation accord.
Read more…
Author: Yiping Huang, Peking University and ANU
The advent of the Asian century inevitably implies a greater global role for the Chinese economy. While the shift of global economic gravity towards East Asia started almost half a century ago, it was the emergence of China as a global economic power that finally became the cornerstone of the Asian century. Read more…
Author: Peter Warr, ANU
In Thailand, the term ‘populism’ does not yet have the negative connotations it has earned in Latin America and Europe, but the trend is in that direction.
This was the message of a seminar entitled ‘Rethinking Populist Policy: From Thaksin to Yingluck’, held on 30 May at the Thailand Development Research Institute in Bangkok. Read more…
Author: Bernard Hoekman, EUI
Over the last 30 years, governments have greatly reduced tariffs and removed many quantitative restrictions on imports. Today the international flow of goods, services and knowledge is mainly constrained by domestic policies of a regulatory nature that act to segment markets — so-called nontariff measures (NTMs).
International trade costs remain very high. Read more…
Authors: Masahiro Kawai and Ganeshan Wignaraja, ADBI
Today Asia is a world leader in free trade agreements (FTAs) with 76 concluded agreements as of April 2013. With this high number of FTAs, Asian economies face key challenges regarding their use, scope, and impact on regionalisation trends. Read more…
Author: Peter Drysdale, Editor, East Asia Forum
No matter how one looks at the numbers, the Asian economies are bound to have a central role in the global economy this century.
This fact has many implications. First, it suggests where the opportunities for growth are going to be in the world economy over the coming decades. Read more…
