Analysing Economic Openness and assessing its positive effects on prosperity is now a time sensitive task, with the benefits of globalisation and Economic Openness being questioned in the wake of the global financial crisis. We continue to see the impact of the crisis in public debate ten years on, with the rise of nationalism and populist politics in Indonesia, and across the world. As Joko Widodo starts his second term, his challenge is to continue improving the openness of Indonesia’s economy, paying particular attention to encouraging greater competition, both domestically and internationally, while maintaining enough broad-based political support for reform programmes.
Trade and Development
China recently moved to ban Canadian canola, soybeans, and other agriproducts. These efforts at economic coercion are closely tied to the ongoing tensions between the two countries, which began when Canadian authorities arrested Huawei CFO Meng Wanzhou in December 2018, following a US extradition request. In the long-term, Canada should be taking every measure available to diversify our trade beyond China. Taiwan has been vigilantly doing so for years, and Canadians should take note of its efforts to achieve greater resilience against China’s economic coercion. Such trade diversification should be part of Canada’s long-term strategy in the Indo-Pacific region.
The bills under scrutiny in the Chilean parliament are worth taking seriously. They play an important role in environmental degradation mitigation, however, it is necessary to adopt policies that are able to enact these changes without deterring necessary investment.
The Philippine Institute for Development Studies (PIDS) has released its annual report for 2018 detailing its accomplishments in research, policy recommendation, and collaboration in the following fields: Agriculture, natural resources, and environmental management; human development, labor markets, and poverty; institutions, law, and economics; macroeconomics, finance, and growth; public economics and governance; regional, urban, and rural development; science, technology, and innovation; and trade and industry and international economy.
This paper presents how the Asia-Pacific Economic Cooperation (APEC) has evolved as an institution, the changes it has undergone, and the challenges it has faced for the past decades. More importantly, this paper tries to enumerate the roles of APEC in positioning the Philippines in the global economy.
Today, the United States and Europe stand before a series of major decisions regarding an extremely important region. Overlooking Chinese policy, particularly the Belt Road Initiative (BRI) in Central Asia and the Caucasus, could prove to be a costly miscalculation just like the deference shown the Soviet Union at the end of World War II.
This study examines the effectiveness of the new trade policy measures adopted by India with regard to bilateral trade with Myanmar across the land border and highlights the challenges faced by traders in shifting to normal trade. The key finding of the study is that there has been a substantial increase in informal trade and formal bilateral trade between India and Myanmar has become almost negligible in the last two years.
This report marks the inaugural publication of the Legatum Institute’s Global Index of Economic Openness. It measures the extent to which the economic systems of 157 countries around the world enable trade, competition and productivity, by measuring four pillars that describe the policy choices for countries: Market Access and Infrastructure, Investment Environment, Enterprise Conditions and Governance.
We find robust evidence for adverse effects of regulatory heterogeneity on intra-EU trade in the pre-harmonization period, which questions the implementation of the Cassis de Dijon principle. Our findings also suggest that the EU’s MRL harmonization may have improved access for non-EU, including non-OECD, exporters to the Common Market.
The objective of this study is to analyse six assumptions that are frequently made in public discussions of the impact of Brexit on the Polish economy: