The COVID-19 pandemic disrupted the world economy in 2020. As of December 23, 2020 the World Health Organization (WHO) reports more than 76 million confirmed cases of COVID-19 and over 1.7 million deaths worldwide. At the intersection of the COVID-19 pandemic and the global economy, numerous...

In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of macroeconomic interdependence for emerging Asian economies...

Although it is conventional wisdom that innovation requires free mind, diversity, or creativity all of which are closely associated with political and organizational decentralization, it is in fact more politically centralized countries in East Asia that successfully capitalized on innovation to...