From the launch of the Indo-Pacific Economic Framework (IPEF), apprehension surrounds its true intentions and objectives. While touted as a US-led strategy to counter China's dominance in the region, IPEF seems to be a very slow-paced initiative and how it will progress, and how to go about it,...

This paper employs a modern global value chain (GVC) decomposition framework to quantify economic interdependence among Asian economies and between Asia and the rest of the world. It pays special attention to the value-added relationships among three sets of economies: those belonging to both...

We propose a novel indicator to capture pressures that arise at the global supply chain level, the Global Supply Chain Pressure Index (GSCPI). The GSCPI provides a new monitoring tool to gauge global supply chain conditions. We assess the index’s capacity to explain inflation outcomes, using...

With the rise of China as a global economic powerhouse and its reach for influence beyond its borders, countries located along the historic Silk Road are experiencing dramatic changes. China’s ambitious One Belt, One Road development initiative aspires to connect the People’s Republic to the...

Some observers argue that increased real integration has led to greater comovement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...

Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...

The realization of digital transformation (DX) and the Fourth Industrial Revolution (4IR) has led to the development of new technologies in areas such as AI, big data, metaverse, autonomous vehicles, digital currency, and blockchain technology. While these sectors are expected to continue to...