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The Emerging ASEAN Economic Community (AEC 2015) and the Challenge of Innovation – Micro View (Part 2)                                                                                                                            George Abonyi 06/16/2012

East Asia, including the emerging ASEAN Economic Community, presents significant growth opportunities over the longer term. However, consumer needs and constraints in these markets are different than those in developed economies. The challenge is not simply exporting, but strengthening market-responsive innovation to take advantage of particular opportunities in emerging Asian markets. This implies the need to invest in innovation along the full value chain. For small- and medium-scale enterprises (SMEs) from emerging Asia the absorption of proven knowledge and technology, adapted to market demand, may provide the most accessible route to commercially viable innovation for emerging markets.

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The Emerging ASEAN Economic Community (AEC 2015) in the Wider Regional and Global Economy - a Macro View (Part 1)
George Abonyi 05/16/2012

The ASEAN Economic Community, targeted for 2015 (or AEC 2015), is likely to remain dependent on developed markets for exports over the medium term, retaining its present characteristic of significant China-centered intra-regional manufactures trade in parts and components for final goods aimed at (slowing) developed markets outside the region. At the same time, Asian emerging markets in general, and ASEAN in particular, present significant growth opportunities over the longer term. However, consumers in these markets, including in China, are likely to look different from those in developed economies, requiring new types of products, services, and business systems.

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Achieving a Sustainable Automotive Sector in Asia and the Pacific: Challenges and opportunities for the Reduction of Vehicle CO2 Emissions
Masato Abe 05/02/2011

To mitigate the level of vehicle carbon emissions in the next decades, effective policy and technical options must be considered by the governments and automakers (and their suppliers) in Asia and the Pacific region, where the rapid development of the automotive sector is expected. An integrated policy approach is needed, setting long-term targets for carbon emission reductions, while implementing various policy measures which would reduce uncertainty and risk in the automotive sector and give automakers financial incentives to invest in new technologies.
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Public Private Partnership (PPP) for Asian Infrastructure: A Public Investment Perspective
George Abonyi and David Abonyi 04/27/2011

Asia is faced with an enormous infrastructure investment challenge over the next 10 years (2010-2020) in order to sustain its impressive economic growth. Public-private partnership (PPP) is seen as a critical part of the needed response to this challenge. However, in meeting Asia’s massive financing needs for physical and social infrastructure, public-private partnership (PPP) initiatives, generally involving large-scale or mega-projects, should be undertaken within the broader framework of public investment planning.
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 Emerging Role of Developing Countries in Asia and the Pacific as the Source of Foreign Direct Investment
Masato Abe 04/26/2011

Foreign direct investment (FDI) has been an important contributor to growth in many Asia-Pacific economies, providing access to markets and technologies as well as constituting an important external source of financing. While the global economic crisis significantly impacted on FDI in Asia and the Pacific, developing countries in the region have played an increasingly important role as the source of FDI, and this role is expected to grow further. Rising intraregional FDI flows further support the accelerating development of regional and global value chains and, hence provides significant business and investment in Asia and the Pacific.
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Globalized in Thailand, and Loving It: How Thousands of Remote Farmers are Getting Rich from Globalization
Robert J. Muscat

The Lam Nam Oon is a small irrigation project in a remote corner of Thailand’s Northeast, a region comprising one-third of the country’s area. Thanks to this project, thousands of formerly-poor farmers have come to love globalization. Their story shows how contract farming can overcome market failure by linking small farmers to world markets, and how globalization can help remote farmers rise out of poverty.
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Financing and Investing in Urban Renewal in Asia
Bindu Lohani 01/29/2010

The face of Asia is changing. Today, hundreds of millions of people enjoy a better quality of life than in the past. The people of the Asia and Pacific Region have transformed their economies through creativity, hard work, and commitment to market reform.  From 1999 to 2006, after the Asian Financial Crisis (1997), the region’s GDP growth has accelerated to average 6% per year. Despite the very real impact of the global financial crisis on jobs, growth and poverty reduction, Asia is still on a positive growth track and is poised to be the first region to recover from the crisis.
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Role of NGOs in Post-Taliban Afghanistan: Missed Opportunities but Way Forward
Nipa Banerjee 03/16/2009

The performance of the NGOs in Afghanistan is mixed at best in terms of the delivery of key services in a way that strengthens the leadership and legitimacy of the government. While NGOs have provided invaluable assistance to Afghanistan to address problems of poverty and inequity in a fragile, post-conflict environment, they also display tendencies to go it alone, resisting accountability to the host government and operating parallel programs, and competing with the government. Along the way, NGOs have also lost sight of their most valuable traditional role as mobilizers of the civil society, in fostering a participatory process of development. It is essential that NGOs adjust their basic attitude, role, approach, and delivery mechanisms to help strengthen the actual and perceived effectiveness and legitimacy of the government in the interest of the long-term development and stability of Afghanistan.
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On Corporate Sector Development in Vietnam: Addressing the Elusive Middle
Nick J. Freeman 06/25/2008

Vietnam's transitional economy is in a state of some distress. A key structural issue is an imbalance in the corporate community profile, typified by a relatively small number of keiretsu-like state corporations at one end of the spectrum, and tens of thousands of small and young SMEs at the other end.  In the middle is relatively little – sparsely populated by exceptions to the general rule.  Vietnam needs to find a way of catalyzing growth in this 'elusive middle'.
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Development Banks in India: Reviving a Dinosaur?
Sanjoy Chowdhury 06/09/2008

The development banking model is widely seen as passé. Few of the development financial institutions (DFIs) created in the post World War II years survive today, having either been wound up or transformed into other types of financial intermediaries. A similar debate has been ongoing in India, but interestingly, while many of the older DFIs in India have either transformed themselves or been wound up, the government has as recently as 2006 set up one more such entity.
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Energy and Climate Change: What should the Policy Makers in Asia do?
Bindu Lohani 05/19/2008

The developing economies of the Asia and the Pacific region have an important role to play in responding to the global challenges of energy and climate change. Asian economies need to make large investments in energy conservation, energy efficiency, alternative energy sources, clean technology, and energy for the poor. In this, there are a number of specific actions that the region’s governments could implement starting today.
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China’s Growth and Development Beyond the Beijing Olympics
Justin Yifu Lin 05/19/2008

The Olympic Games have a history of at times being followed by economic recessions in host countries. These “post-Olympic economic blues” have been the result of massive new infrastructure investments undertaken before the Games, followed by a sudden pause in such investments. This “pause” in growth is unlikely to happen in China: the post-Olympic Chinese economy is likely to continue its rapid and sustained growth. Furthermore, the Beijing Olympics could serve as a catalyst for improving the quality of China’s development.
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Knitting Together Asia: East Asian Economic Integration and its Implications
George Abonyi 05/19/2008

The performance and growing global importance of East Asia is well documented. Yet the story of East Asia’s re-emergence in the 10 years since the Asian Crisis is one of increasing regional integration and cooperation that is driving the region’s growth and development. The challenge that goes beyond East Asia is one of building cooperative regionalism, consistent with an open and expanding global economy. From this perspective, East Asian regional cooperation and integration is still a work in progress.
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