Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course....

The members of the Association of the Southeast Asian Nation (ASEAN) and its six dialogue partners--Australia, China, India, Japan, South Korea, and New Zealand--decided in November 2012 to launch the negotiation of a free trade agreement (FTA) among them, also known as the regional...

This paper examines how ASEAN-centered free trade agreements (FTAs) or so-called ASEAN+1 FTAs are correlated among themselves and thus have the potential to be merged into one single commitment toward the establishment of a Regional Comprehensive Economic Partnership (RCEP). The "Coverage Index"...

TThis paper examines in depth the use of free trade agreements (FTAs) in Thailand to shed light on the ongoing negotiation of the Regional Comprehensive Economic Partnership (RCEP). The key finding is that while certificate of origin records significantly increased over the period in...

Advanced economies have a longer history of leveraging fiscal policy to address inequality relative to developing Asia. We examine the country experiences of the Nordic countries, France, Japan, and the US, to draw lessons for developing Asia in its relatively new quest to use fiscal policy to...

The Association of Southeast Asian Nations (ASEAN) is engaged in framing a post- 2015 vision for social protection in ASEAN which would facilitate productive ageing. This paper assesses existing social protection systems in ASEAN and suggests initiatives which policymakers and other stakeholders...

The number of bilateral and plurilateral free trade agreements (FTAs) in East Asia has increased rapidly after the 2000s behind the world trend of RTAs. Many studies tackled the challenge of figuring out the impact of FTAs in this region by applying various methodologies. The first half of this...

Reforming business licensing is a key starting point for improving the investment climate. Complex licensing procedures may encourage firms to remain unregistered, giving rise to difficulties later in accessing finance from formal financial institutions and constraining productivity and...

This paper uses a disaggregated (product-level) gravity approach to estimate the effect of ASEAN’s product-specific rules of origin (RoO) on regional trade, using original data on rules applicable at the six-digit level of the harmonized system. Overall, we find that the average ad-valorem...

With overlapping, multiple FTAs, such as the case of ASEAN and the various ASEAN+1 FTAs, complications could arise that run counter to the economic integration objectives of the East Asian Region. Forging the Regional Comprehensive Economic Partnership (RCEP) among ASEAN and its FTA partners is...