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The Globalization of Cost-Benefit Analysis in Environmental Policy
Cost-benefit analysis -- the formal estimating and weighing of the costs and benefits of policy alternatives -- is a standard tool for governments in advanced economies. Through decades of research and innovation, institutions have developed in the United States, European Union, and other developed countries that examine and weigh policy alternatives as an aid to governmental decisionmaking. Lawmakers in the advanced economies have used cost-benefit analysis to evaluate core environmental and public health questions, such as urban air pollution control, water quality, and occupational safety. Yet despite its broad adoption in the industrialized world, most developing and emerging countries h...
China’s Belt and Road Initiative
The Belt and Road Initiative (BRI), officially unveiled in 2013, is Chinese President Xi Jinping’s signature foreign and economic policy initiative to achieve improved connectivity, regional cooperation, and economic development on a trans-continental scale. This book reviews the evolving BRI vision and offers a benefit-risk assessment of the BRI’s economic and geopolitical implications from the perspective of Asian stakeholder countries, using both qualitative and quantitative research methods. Among the value added of the book is first an online perception survey of opinion leaders from Asian participating countries on various aspects of the initiative. To our best knowledge, the survey is the first of its kind. Second, the book presents the simulation results of a computable general equilibrium model of the world economy to estimate the potential macroeconomic impacts of the BRI as a whole and those of its constituent overland and maritime economic corridors. Third, the book makes ten key evidence-based policy recommendations on how to enhance the prospect of a successful and mutually beneficial BRI 2.0 to both China and stakeholder countries.
Regional Outlook
Launched in 1992, Regional Outlook is an annual publication of the Institute of Southeast Asian Studies, published every January. Designed for the busy executive, professional, diplomat, journalist, or interested observer, Regional Outlook aims to provide a succinct analysis of current political and economic trends shaping the region, and the outlook for the forthcoming two years. This forward- looking book contains focused political commentaries and economic forecasts on all ten countries in the Association of Southeast Asian Nations (ASEAN), as well as a select number of topical pieces of significance to the region.
Nonlinear Economic Dynamics and Financial Modelling
This book reflects the state of the art on nonlinear economic dynamics, financial market modelling and quantitative finance. It contains eighteen papers with topics ranging from disequilibrium macroeconomics, monetary dynamics, monopoly, financial market and limit order market models with boundedly rational heterogeneous agents to estimation, time series modelling and empirical analysis and from risk management of interest-rate products, futures price volatility and American option pricing with stochastic volatility to evaluation of risk and derivatives of electricity market. The book illustrates some of the most recent research tools in these areas and will be of interest to economists working in economic dynamics and financial market modelling, to mathematicians who are interested in applying complexity theory to economics and finance and to market practitioners and researchers in quantitative finance interested in limit order, futures and electricity market modelling, derivative pricing and risk management.
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Clusters and Economic Growth in Asia
This detailed book explores and provides insights into the development and transformation of various clusters, economies and industrial sectors in East and Southeast Asia. The authors study a number of important issues including the role of information and communication technology in economic growth, an emerging biomedical cluster in South Korea, an industrial agglomeration of Taiwanese electronics firms in China, and different sectorial and regional growth models in China. They also investigate the increasing relevance of cluster policies and the need to understand them in the context of the institutional and structural transition of newly industrializing East Asian economies. The book moves on to study the technology intensity of FDI in Vietnam and the implications for economic growth and emerging clusters, as well as the origin and characteristics of foreign technology transfer in a Chinese aircraft industry cluster. Clusters and Economic Growth in Asia will greatly appeal to academics, researchers, politicians, policy planners and industrial specialists, as well as those with a specific interest in clusters and economic growth in Asian economies.
Cost-Benefit Analysis
Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme, often of a social nature and for society as a whole. CBA is fundamental to government decision-making and can be an effective tool for informed decisions on the use of society's scarce resources. This book highlights the main concepts and principles of cost-benefit analysis used in real life cases and actual applications. The book contains rich cases, materials and examples of real life CBA applications with emphasis both on physical and non-physical projects and infrastructure developments in Asia and beyond. The book also discusses t...
Economic and Policy Developments in East Asia
In this collection, academics and policy-makers from Australia, Japan, New Zealand and Singapore present research results on a variety of topics based around three key themes: macroeconomics and trade, labour and social issues, and taxes and government spending. The chapters are empirically-oriented and include both cross-country studies and individual country studies. They include examinations of key topics, such as the problem of corruption, the relationship between trade liberalisation and growth and the impact of migration on the Asian welfare state, as well as studies of Chinese manufacturing exports and the income volatility of Indonesian banks. The scholarship containing in this collection is a crucial resource to researchers and commentators on the economies in our Asia-Pacific region. This book was originally published as a special issue of the Journal of the Asia Pacific Economy.
From Centralised to Decentralising Global Economic Architecture
This book focuses on the recent rise of new regional economic institutions such as the Chiang Mai Initiative Multilateralisation, the Asian Infrastructure Investment Bank, and the Regional Comprehensive Economic Partnership, which were established, in part, as a result of dissatisfaction of dynamic emerging markets with global economic institutions such as the IMF, the World Bank, and the GATT/WTO. The latter were formed by advanced economies in the West, after the historic Bretton Wood Conference of 1944. In doing so, the book addresses how this recent round of decentralisation, defined as the co-existence of “senior” global institutions and a plethora of newly-established regional inst...
Socio-economic Democracy And The World Government: Collective Capitalism, Depovertization, Human Rights, Template For Sustainable Peace
In developing an enlightened socio-economic-political environment, this book provides a new socio-economic-political system based on (i) Collective Capitalism (CCP) of cooperatively managed institutions and enterprises, and (ii) a Civilian Democracy (CDM) sans political parties, whereby the most qualified representatives of all the functional sectors of the community get elected to the local legislature. It also specifies a new economic-political structure in the form of autonomous functionally-sustainable communities (FSCs), within regional economic zones (REZs) and self-reliant regional unions (SRUs, such as the EU). This system of FSCs, REZs and SRUs will come under the aegis of (and coll...
