Search

You searched for: Publishing Institution East-West Center Remove constraint Publishing Institution: East-West Center Political Geography Israel Remove constraint Political Geography: Israel Topic Economics Remove constraint Topic: Economics
Number of results to display per page

Search Results

  • Author: Francis X. Hezel
  • Publication Date: 09-2013
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: Is out-migration an admission of a Pacific Island nation's failure to fulfill its economic promise and provide the jobs that its citizens seek in a modernized society? Or is it a legitimate alternative strategy for development, through the export of surplus labor, in lieu of the more conventional methods recommended by donor nations and international financial institutions? In this paper, Francis X. Hezel, SJ, reviews the 30-year history of migration from one Pacific Island nation, the Federated States of Micronesia (FSM), and examines the current status of its migrants with an eye to shedding light on this question.
  • Topic: Development, Economics, Migration, Immigration
  • Political Geography: United States, Israel, Australia/Pacific
  • Author: Barry Naughton, Dieter Ernst
  • Publication Date: 08-2012
  • Content Type: Working Paper
  • Institution: East-West Center
  • Abstract: The paper examines the role of global technology sourcing, and its drivers and impacts in China's integrated circuit (IC) design industry. IC design is one of the priority targets of China's innovation policy, as codified especially in the ―Strategic Emerging Industries‖ initiative. At the same time, however, China's IC design industry is deeply integrated into the vertically disintegrated global semiconductor industry, through markets, investment and technology. The paper highlights a fundamental challenge for China's innovation strategy: How can China reconcile its primary objective of strengthening indigenous innovation with the benefits that it could reap from its deep integration into international trade and into global networks of production and innovation?
  • Topic: Economics, Industrial Policy, International Trade and Finance, Science and Technology
  • Political Geography: China, Israel
  • Author: Peter A. Petri, Michael G. Plummer, Fan Zhai
  • Publication Date: 10-2011
  • Content Type: Working Paper
  • Institution: East-West Center
  • Abstract: Two emerging tracks of trade agreements in the Asia-Pacific—one based on the proposed Trans-Pacific Partnership (TPP) agreement and an Asian track—could consolidate the “noodle bowl” of current smaller agreements and provide pathways to a Free Trade Area of the Asia-Pacific (FTAAP). We examine the benefits and strategic incentives generated by these tracks over 2010-2025. The effects on the world economy would be small initially but by 2025 the annual welfare gains would rise to $104 billion on the TPP track, $303 billion on both tracks, and $862 billion with an FTAAP. The tracks will be competitive but their strategic implications are constructive: each would generate incentives for enlargement. Over time, strong economic incentives would emerge for the United States and China to consolidate the tracks into a region-wide agreement. Each track would bring a different template to such consolidation and can be viewed as defining a “disagreement point” in the Asia-Pacific bargaining game. The study is based on an analysis of 48 actual and proposed Asia-Pacific trade agreements and models impacts on variables including sectoral trade, output, employment and job shifts in 24 world regions.
  • Topic: Economics, International Trade and Finance
  • Political Geography: United States, China, Israel, Asia, Australia/Pacific, Asia-Pacific
  • Author: ZhongXiang Zhang, Lei Zhu, Ying Fan
  • Publication Date: 11-2011
  • Content Type: Working Paper
  • Institution: East-West Center
  • Abstract: This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, the model has incorporated not only the uncertainties of oil price and investment cost but also the uncertainties of exchange rate and investment environment. These unique features have enabled the model to be best equipped to evaluate the value of oil overseas investment projects of three oil field sizes (large, medium, small) and under different resource tax systems (royalty tax and production sharing contracts). In the empirical setting, China was selected as an investor country and Indonesia as an investee country as a case study. The results show that the investment risks and project values of small sized oil fields are more sensitive to changes in the uncertainty factors than the large and medium sized oil fields. Furthermore, among the uncertainty factors considered in the model, the investment risk of overseas oil investment may be underestimated if no consideration is given of the impacts of exchange rate and investment environment. Finally, as there is an important tradeoff between oil resource investee country and overseas oil investor, in medium and small sized oil investment negotiation the oil company should try to increase the cost oil limit in production sharing contract and avoid the term of a windfall profits tax to reduce the investment risk of overseas oil fields.
  • Topic: Development, Economics, Energy Policy, International Trade and Finance, Oil
  • Political Geography: China, Indonesia, Israel
  • Author: Marcus Noland
  • Publication Date: 11-2011
  • Content Type: Working Paper
  • Institution: East-West Center
  • Abstract: South Korea is arguably the premier development success story of the last half century. For 47 years starting in 1963, the economy averaged 7 percent real growth annually, and experienced only two years of economic contraction: 1980 after the second oil shock and the assassination of President Park Chung-hee, and 1998 at the nadir of the Asian financial crisis. At the start of that period South Korea had a per capita income lower than that of Mozambique or Bolivia; today it is richer than Spain or New Zealand, and was the first Asian and first non-G7 country to host a summit of the G20, the unofficial steering committee of the world economy.
  • Topic: Demographics, Development, Economics, Industrial Policy, International Trade and Finance, Political Economy
  • Political Geography: Israel, Asia, South Korea, Spain, Mozambique, New Zealand, Bolivia
  • Author: Jiajian Chen, Robert D. Retherford, Minja Kim Choe, Li Xiru, Cui Hongyan
  • Publication Date: 05-2009
  • Content Type: Working Paper
  • Institution: East-West Center
  • Abstract: This paper examines Guangdong's fertility decline between 1975 and 2005 and analyzes how it has been influenced by both fertility policy and economic development. Guangdong's economic development has been very rapid and has attracted huge numbers of migrants from other provinces. The effect of this migration on Guangdong's fertility is an important part of the story. Measures of fertility and nuptiality employed in the analysis include the total fertility rate, parity progression ratios, mean age at first marriage, mean age at first birth, and mean closed birth interval between first and second birth. These measures are calculated from birth histories reconstructed from data from China's 1990 and 2000 censuses and 2005 mini-census. An overlapping-trend analysis provides indications of the accuracy of the estimates.
  • Topic: Demographics, Development, Economics, Migration
  • Political Geography: China, Israel
  • Author: Peter A. Petri
  • Publication Date: 11-2009
  • Content Type: Working Paper
  • Institution: East-West Center
  • Abstract: The transition to a new, sustained global growth path is still precarious and will require concerted policy actions by many countries. Leadership by the G-20 will be essential for coordinating the global effort. But due to the central importance of the Asia Pacific in the world economy, regional institutions such as ASEAN+3, ASEAN+6, and APEC could also play large roles in the next phase of the recovery.
  • Topic: Economics, Financial Crisis
  • Political Geography: Israel, Asia
  • Author: Christopher A. McNally, Hong Guo, Guangwei Hu
  • Publication Date: 08-2007
  • Content Type: Working Paper
  • Institution: East-West Center
  • Abstract: Since the mid-1990s the Chinese government has rapidly liberalized the environment facing domestic private firms. As a consequence, many private firms have clarified their ownership relations and acquired stronger organizational boundaries. However, despite this formalization of private sector institutions, informal guanxi networks remain a key component in firm success. Most significant among these guanxi networks are political networks that connect private entrepreneurs with actors in China's political sphere.
  • Topic: Economics, International Trade and Finance, Markets
  • Political Geography: China, Israel
  • Author: Ilan Noy
  • Publication Date: 11-2005
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: The banking crises that swept through East Asia in 1997– 1998 set off dramatic recessions in the affected countries and imposed heavy costs on the domestic taxpayers. Fear of further crises prompted searches causes and early warning signs. It soon became apparent that liberalization the domestic financial sectors of the countries in crises contributed to genesis of these crises, but policymakers, regulators, and economists disagree about the reason for this. Initial scrutiny fell on unregulated international capital flows, but a comprehensive study suggests that liberalization can to financial instability either because of insufficient regulation of the financial sector or because of erosion of previously granted monopolies of existing banks. These possibilities suggest varying policy implications for the current state domestic financial systems in East Asia, including the challenges inherent opening up ChinaÂ's banking system to foreign competition as mandated in China–World Trade Organization accession agreement.
  • Topic: Economics, International Trade and Finance
  • Political Geography: Israel, Asia