Download or read book Developing the Digital Economy in ASEAN written by Lurong Chen and published by Routledge. This book was released on 2019-04-26 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book advances the international debate on the development of e-commerce with focus on emerging ASEAN economies. It provides readers insights on Asia’s needs and efforts to improve the regional legal and economic conditions to support e-commerce. This book looks at the rules and regulations on e-commerce, and e-commerce for inclusiveness growth. It provides insights from several ASEAN member states and discovers the requirements for Asian countries to better grasp the new juncture of growth associated with economic digitalization, which also have deep implications on continuous regional integration and community-building.

Download or read book Digital Economy And The Sustainable Development Of Asean And China written by Yue Yang and published by World Scientific. This book was released on 2022-10-06 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global public health crisis of COVID-19 highlights the importance of digital technology. The digital economy is also booming during the pandemic, which has become one of the major driving forces of economic recovery. Given the vital importance of digital technology and the digital economy, this book provides an in-depth understanding of their implications for the sustainable development of ASEAN-China relations from various perspectives. In addition, authors also contribute their resourceful insights on the sustainable development of both China and ASEAN Member States (AMS) through the lens of eco-tourism, carbon neutrality, social inequality, and others.This book provides a series of high-quality policy recommendations. Specific policy recommendations include: 1) China and ASEAN should launch a project to identify connectivity gaps and detail how this might evolve in future investment in digital and ICT (science, technology and innovation). 2) Efforts should be intensified in digital literacy programs, capacity building, and promotion of digital skills to build workforce capacity in the digital age. 3) As a pacesetter in the digital inclusion agenda in the healthcare sector, China can cooperate with other AMS on digital healthcare projects. 4) Action plans should increase collaborative manufacturing and develop mutual trust in supply chains. 5) China and ASEAN should align STI policies with industrial policies and cooperate in adopting frontier technologies while diversifying their production bases by mastering many existing technologies.6) ASEAN and China should continue facilitating e-commerce, including paperless customs clearance, electronic transaction documents, digital authentication, and electronic and online payments.

Download or read book Managing the Development of Digital Marketplaces in Asia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus disease (COVID-19) pandemic is accelerating digital transformation across Asia and the Pacific. Digital platforms have become prominent intermediaries or marketplaces that allow the exchange of goods, services, and information. They are opening new transaction channels and ways of using resources while lowering service costs and enhancing market efficiency. This volume of background papers, prepared for the Asian Economic Integration Report 2021, examines the scope and potential benefits of digital platforms, as well as the associated policy issues and challenges. It proposes measures and policies to help maximize social and economic gains while alleviating adverse effects.

Download or read book The Digital Economy in ASEAN and India written by Jeong-Gon Kim and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: English Abstract: The digital economy is emerging as a trend of the world economy. The digital economy is narrowly defined as online platforms and activities through them. In other words, the whole values, for instance, created by e-commerce and sharing economy platforms indicate the digital economy. However, in a broader sense, the digital economy goes beyond the realm of certain industries and enterprises. Digital technology is a general-purpose technology, like the internal combustion engine, that brings into force industry, economy, and society-wide innovation. The reason why industries and policy makers pay attention to the digital economy is more related the broad concept of the digital economy. That is, as new products and services backed by the Internet, data, and artificial intelligence technology are spreading, the expectation for the whole economy and industry-level innovation becomes higher. For Southeast Asian and South Asian countries, mainly composed of developing countries, the broader concept of the digital economy seems to be even more important because they seek for the leapfrogging of the economy and society as a whole. The digital economy proves its potential as a source of economic and social 'leapfrogging'. For instance, car hailing services such as Grab and Gojek are wide spread in Southeast Asia; OYO, the hotel booking services, is a big success in India. These cases are important in terms of realization of innovative businesses as well as response to the social demand response and improvement of quality of life quality. They also play a crucial role in creating jobs. Southeast and South Asian countries have a great potential in the digital economy: They generally maintain high economic growth rates, have large markets, young population, and decent ICT utilization levels, etc. The conditions for trade investment are also being improved. Though there are deviations between countries, they have strong incentives to promote digital innovation in order to achieve the qualitative advancement of industries and economy as a whole. Moreover, some countries already have a great competitiveness in digital innovation. The digital economy-related demands are expected to grow in Southeast and South Asian countries. For example, they experience rapid urbanization and demand for improving electricity supply, logistics, finances, etc. with the combination of digitalization. Some countries faces lack of digital skills and technologies, and look for cooperation with external partners. Under these conditions, Korea is potentially an intimate partner that can contribute to substantial leapfrogging of Southeast and South Asian countries. Korea, in term of both businesses and government policy (the New Southern Policy), is now trying to diversify the areas of cooperation with those countries beyond manufacturing sectors. Geographic and cultural proximity, as well as already constructed bilateral economic relationship, is the foundation for cooperation in the digital economy. Because the digita economy is relevant with society and culture as well as the economic and industrial areas, cooperation in the field of the digital economy can supplement the typical pattern of Korea and South East and South Asia relationship, mainly centered in manufacturing production network. Korea and Southeast and South Asian countries need to establish a comprehensive cooperation platform. Through this, they inform partners their digital economy-related agenda/interests and discuss ways for cooperation. Especially, it will provide chances for participants to identify mutual cooperation needs efficiently and specifically. Because cooperation needs in the digital economy are often discovered is unexpected niche areas, a regular dialogue channel is crucial to find specific demands and cooperation potentials. The dialogue platform should include private enterprises as well as policy makers. Innovative small businesses and start-ups should be the focus of cooperation. Korean start-ups' interests in Southeast Asia are now growing. Korean start-ups and venture companies enter Southeast Asian markets in diverse areas such as manufacturing, audiovisual, broadcasting and communication services, professional, scientific and technical services, healthcare, and cultural services. Southeast and South Asian countries are active in introducing foreign start-ups and professionals that possess innovative digital technologies and business models. Singapore, Indonesia and India have the world level start-up ecosystem and are active in investing in foreign start-ups. Meanwhile, as start-up ecosystems of Southeast and South Asia is relatively less known in Korea compared to the United States, Europe and China, needs for the information and connection with local support organizations is high. Korea has to actively participate in multilateral cooperation initiatives covering Southeast and South Asia. The digital economy is an essential element for the sustainable growth of this region, and a major task of external cooperation. For example, in 2017 APEC (Asia-Pacific Economic Cooperation) adopted 'APEC Internet and Digital Economy Roadmap' in the Annual Ministerial Meeting(AMM) for the purpose of sharing basic principles among member countries to respond to changes brought by the Internet and the digital economy. The roadmap proposed 11 cooperation areas. Korea is expected to play a large role in many areas such as 'Development of digital infrastructure' and 'Promoting innovation and adoption of enabling technologies and services'. International cooperation in the digital economy seems quite different from that in traditional manufacturing sectors. We cannot apply the traditional compartments of industries to the digital economy. Based upon thorough understanding on the partner country's social context and characteristics, cooperation focusing on local society's demands is of great importance.

Download or read book Shaping The Future of the Digital Economy written by Tech for Good Institute and published by Marshall Cavendish International Asia Pte Ltd. This book was released on 2023-12-01 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This anthology of essays captures the perspectives of youth across Southeast Asia on the impact of technology on their economies and societies. The book highlights the basic requirements to realise technology’s promise, explore the transformative power of technology and how developments in specific sectors have impacted local communities. It also captures the very real anxieties about both the potential of technologies and the power wielded by those who develop, manage and control these technologies.

Download or read book Digital Transformation Management written by Mohammad Nabil Almunawar and published by Taylor & Francis. This book was released on 2022-02-27 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses key topics related to organization design and knowledge management in the digital economy with organizational context, particularly in Asia. Asian nations are moving fast toward the digital economy, within which the role of organization design and knowledge management is crucial to support innovative and creative ideas for meeting huge market opportunities where customers are ready for digitalization. The book conceptualizes organization design into three dimensions, people, information, and technology, and offers readers a unique valued insight, bringing new perspectives to understanding emerging business opportunities and challenges in Asia. It presents a valuable collection of 14 chapters with empirical studies from leading researchers. The book addresses digital transformation in companies and organizations in Asia, analysing how disruptive technologies can help them have more efficient organization processes, create innovative products and services, be more resilient and achieve sustainable goals in the post-pandemic time. It fills a gap in the market offering a valuable collection of chapters that combines strategic topics for companies, organizations and nations today, such as digital economy, disruptive technologies, big data and knowledge management, with a specific focus on the Asian region, providing rich examples and studies focused in countries and regions within Asia. Written for scholars, researchers and other specialists in digitalization, this book offers a unique collection of insights into the current and future situation in Asia.

Download or read book Financial Digitalization and Its Implications for ASEAN 3 Regional Financial Stability written by Asian Development Bank and published by Asian Development Bank. This book was released on 2023-02-01 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines the impact of digitalization on the financial stability of the members of the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea (ASEAN+3). The region is a global leader in digital financial services, and economic and financial links among ASEAN+3 markets are growing. The publication discusses the opportunities and risks of digitalization, explores how to manage financial integration in the digital era, and identifies changes in regulations and supervision needed to reduce risk and successfully transform the traditional banking model.

Download or read book Intellectual Property Rights and ASEAN Development in the Digital Age written by Lurong Chen and published by . This book was released on 2021-11-18 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The trade-investment-service-intellectual property (IP) nexus remains at the heart of economic development and the main features of which are global value chains (GVCs) and digitalisation. The protection of intellectual property rights (IPR) has become a critical issue not only for advanced economies but also for emerging markets. This edited volume contributes to the debates on IPR protection and economic development from the perspective of Association of Southeast Asian Nations (ASEAN) member states. The book provides insights into the mechanism and evidence on how effective IPR protection will increase economic and social welfare via promoting innovation activities and providing incentives to diffuse knowledge and transfer technologies. Written by economists and lawyers from the region, these experts share their latest findings and thoughts on how countries in Southeast Asia have been progressively improving IPR protection and increasing the interoperability of different IPR regimes through regional cooperation to facilitate business operations in the context of digital transformation.

Download or read book The ASEAN Digital Economy written by Paul Cheung and published by Taylor & Francis. This book was released on 2023-08-15 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Boasting the fastest growing Internet market in the world, Association of Southeast Asian Nations (ASEAN) is accelerating into the digital economy. This book assesses the potential economic impact of digital economy agreements (DEAs) and the readiness of some ASEAN member states to grow the digital economy in collaboration. The book presents a novel framework to assess countries’ readiness to enter digital economy collaborations, following the architecture of Singapore’s DEAs with its trading partners. It takes a bird’s-eye view of the digital economy in ASEAN and reviews the current state of digital infrastructure and regulations. The book also includes simulation exercises to project economic outcomes delivered by regional collaborations. It also elaborates on the specific strengths and weaknesses of five ASEAN member states. These ASEAN member states include Indonesia, Malaysia, the Philippines, Vietnam, and Cambodia. The book concludes by revisiting the ASEAN economy as a whole. It points out key issues country leaders need to work on as they proceed with digital economy collaborations. This book is written for scholars, policymakers, and industrial practitioners who wish to learn the latest developments in the ASEAN digital economy.

Download or read book Digital Economy for ASEAN Economic Integration written by Farhad Taghizadeh-Hesary and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents and reviews the role of the digital economy in the deeper Association of Southeast Asian Nations (ASEAN) economic integration, utilizing the literature review method extensively. The digital economy performs an essential role in deepening the ASEAN regional integration. Digital economy policies can support modern high-tech industries, the development of e-commerce, and the optimization of small and medium-sized enterprises and encourage foreign direct investment. To achieve a digital economy, governments need to consider the regulatory, legal, and policy issues stemming from technology, platforms, and providers. If ASEAN countries are to benefit from the digital economy, privacy, security, intellectual property, and customer protection are some of the issues that their governments must address. Further, interagency cooperation is essential for ASEAN countries to create compelling digital laws and regulations that address the myriad of issues across sectors. To capitalize on the full potential of digitization across the region, there is a need for a supportive policy framework. In particular, the ability to move information quickly and seamlessly across the borders, which will benefit trade, increase innovation, and support financial movements, is crucial. The recommendation of this paper is to encourage ASEAN governments to establish policies on data management that allow member economies to benefit from enhanced efficiency, an extended reach, and reduced costs.

Download or read book Developing the Digital Economy in ASEAN written by Lurong Chen and published by Routledge. This book was released on 2019-04-26 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book advances the international debate on the development of e-commerce with focus on emerging ASEAN economies. It provides readers insights on Asia’s needs and efforts to improve the regional legal and economic conditions to support e-commerce. This book looks at the rules and regulations on e-commerce, and e-commerce for inclusiveness growth. It provides insights from several ASEAN member states and discovers the requirements for Asian countries to better grasp the new juncture of growth associated with economic digitalization, which also have deep implications on continuous regional integration and community-building.

Download or read book Intellectual Property Rights and ASEAN Development in the Digital Age written by Lurong Chen and published by Routledge. This book was released on 2021-11-17 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The trade-investment-service-intellectual property (IP) nexus remains at the heart of economic development and the main features of which are global value chains (GVCs) and digitalisation. The protection of intellectual property rights (IPR) has become a critical issue not only for advanced economies but also for emerging markets. This edited volume contributes to the debates on IPR protection and economic development from the perspective of Association of Southeast Asian Nations (ASEAN) member states. The book provides insights into the mechanism and evidence on how effective IPR protection will increase economic and social welfare via promoting innovation activities and providing incentives to diffuse knowledge and transfer technologies. Written by economists and lawyers from the region, these experts share their latest findings and thoughts on how countries in Southeast Asia have been progressively improving IPR protection and increasing the interoperability of different IPR regimes through regional cooperation to facilitate business operations in the context of digital transformation.

Download or read book Central Bank Digital Currency and Fintech in Asia written by Marlene Amstad and published by Asian Development Bank. This book was released on 2019-11-26 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a thorough introduction and historical overview of the principles and practices of digital currency and fintech in Asia. It covers the theory of central bank digital currency and examines regulatory aspects, economic digitalization, financial inclusion, and the role of SMEs. Selected case studies offer in-depth insights into recent fintech developments in major economies, including Australia; Hong Kong, China; Indonesia; Japan; the People's Republic of China; the Republic of Korea; and Thailand. The book also makes a valuable supplement for introductory courses on finance, governance, and economics, as it appeals to a broad range of readers, including university students, academics, finance practitioners, and policy makers.

Download or read book The Conditions for Development Cooperation for the Digital Transformation in ASEAN Member States written by Soyoung Lim and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is recognized by governments, industry and academia that the digital transformation will dramatically change the growth paradigm around the world, but this change will not be uniform across countries and among individuals. Differences in the benefits derived from digital technologies and the conditions of their use vary considerably depending on a country's income level. So what might the digital transformation look like in developing countries? And how to respond? As the issue of global development through the digital transformation has arisen, it is necessary to find ways to cooperate that acknowledge the conditions faced by developing countries. Developing countries face conditions that are quite different from those of developed countries in realizing the digital transformation, which requires a different approach. First of all, there is still a wide gap between advanced and developing countries in terms of digital technology consumption, but developing countries can experience leapfrogging, unlike advanced countries. This occurs especially in areas where large-scale infrastructure investments are required, including the ICT or digital sectors. As a result, many developing countries are able to skip directly to mobile communications without building infrastructure for landlines. In addition, unlike advanced countries, in which digital technology markets are mature, markets in developing countries are rapidly expanding, and the prospects for digital technology utilization projects in developing countries are bright. The digital transformation is widely expected to boost economic growth and productivity in developing countries and lower transaction costs to enhance developing countries access to the global market. Specific benefits from the digital economy have been reported, including rising wages for digital workers, the formation of a market targeting digital startups in developing countries and the emergence of digital platforms that can enhance efficiency and transparency in markets and labor. In addition, digital technology promotes financial inclusion through innovative financial services. In other words, by facilitating small business' access to financial and business information, thereby enhancing access to export markets, it can contribute to achieving inclusive growth, especially in developing countries, by promoting their participation in the global value chain. In addition, it can provide women with opportunities to build their own capacities by providing information that has not been easily accessible for women and has alienated them from major economic activities. There are also challenges that need to be addressed that run contrary to the more optimistic outlook for the digital transformation described above. The most representative risk factor is the exclusion of opportunities from the digital transformation. This is largely due to a lack of digital skills and difficulties in adopting technology, wherein developing country workers are left out of the global digital labor force. There is also a high risk of unfavorable integration of developing countries into the digital economy resulting from their lack of resources, capabilities, and institutions and frequent failures of digital companies in developing countries. The greater the use of digital technology, the greater the digital gap between countries and/or individuals due to differences in economic conditions and capabilities. The digital divide tends to deepen, with infrastructure, accessibility, financial differences in whether or not digital technology is used, differences in the benefits derived from digital technology and differences in digital skill levels. The digital divide can be caused by regional differences between urban and rural areas in developing countries, and by income levels based on education and gender. The gap between the rich and the poor will intensify as automation is realized in accordance with the development of digital technology, eliminating jobs and work for lowskilled workers. Increased vulnerabilities related to digital security and the invasion of privacy, such as consumer and personal information leaks and cyber crimes, are also a side effect of the digital economy. A possible digital disadvantage in relations with developed countries is the return of production bases to developed countries (reshoring) due to the development of digital technology. Recently, as much of the production process has been automated, wages account for less and less of total production costs, but as wages in developing countries have risen, production bases in advanced countries that have moved overseas have been reshoring. This has a profound impact on the developing country's role as a manufacturing hub in the global value chain, which in turn undermines employment and growth. Although it has been empirically demonstrated that overseas relocation remains the predominant production paradigm, and not reshoring, it has been found that job losses in developing countries due to reshoring have been significant. It indicates that automation and reshoring are worsening the employment situation in developing countries. As the concentration of labor in manufacturing industries is gradually decreasing, there is a growing concern over premature deindustrialization; that manufacturing in developing countries will decline or the proportion of manufacturing industries will no longer increase. The proportion of employment in manufacturing, which has emerged over the 20th century, is gradually decreasing, especially in developing countries.

Download or read book ASEAN Economic Community Blueprint written by ASEAN Studies Centre and published by Institute of Southeast Asian Studies. This book was released on 2009 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 28 July 2008, the ASEAN Studies Centre and the Regional Economic Studies Programme, both of the Institute of Southeast Asian Studies, and the Konrad Adenauer Stiftung organized a roundtable on The ASEAN Economic Community Blueprint. The brainstorming session gathered Southeast Asian experts from the region to discuss the AEC Blueprint, which ASEANs leaders had adopted at their summit meeting in November 2007, and the prospects of any obstacles to its implementation by the target year, 2015. The roundtable started with a progress report on the AEC Blueprint given by S. Pushpanathan, Principal Director of Economic Integration and Finance, ASEAN Secretariat, Jakarta. Thereafter, the sessions examined the various aspects of the Blueprint tackling the non-tariff barriers, designing a comprehensive ASEAN Investment Agreement, a regional framework for competition policy, the role of infrastructure development in economic integration, the importance of international production networks in economic integration, etc.

Download or read book World Development Report 2016 written by World Bank Group and published by World Bank Publications. This book was released on 2016-01-14 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital technologies are spreading rapidly, but digital dividends--the broader benefits of faster growth, more jobs, and better services--are not. If more than 40 percent of adults in East Africa pay their utility bills using a mobile phone, why can’t others around the world do the same? If 8 million entrepreneurs in China--one third of them women--can use an e-commerce platform to export goods to 120 countries, why can’t entrepreneurs elsewhere achieve the same global reach? And if India can provide unique digital identification to 1 billion people in five years, and thereby reduce corruption by billions of dollars, why can’t other countries replicate its success? Indeed, what’s holding back countries from realizing the profound and transformational effects that digital technologies are supposed to deliver? Two main reasons. First, nearly 60 percent of the world’s population are still offline and can’t participate in the digital economy in any meaningful way. Second, and more important, the benefits of digital technologies can be offset by growing risks. Startups can disrupt incumbents, but not when vested interests and regulatory uncertainty obstruct competition and the entry of new firms. Employment opportunities may be greater, but not when the labor market is polarized. The internet can be a platform for universal empowerment, but not when it becomes a tool for state control and elite capture. The World Development Report 2016 shows that while the digital revolution has forged ahead, its 'analog complements'--the regulations that promote entry and competition, the skills that enable workers to access and then leverage the new economy, and the institutions that are accountable to citizens--have not kept pace. And when these analog complements to digital investments are absent, the development impact can be disappointing. What, then, should countries do? They should formulate digital development strategies that are much broader than current information and communication technology (ICT) strategies. They should create a policy and institutional environment for technology that fosters the greatest benefits. In short, they need to build a strong analog foundation to deliver digital dividends to everyone, everywhere.

Download or read book Handbook of Research on Developing Circular Digital and Green Economies in Asia written by Patricia Ordóñez de Pablos and published by . This book was released on 2021 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book explores new and emerging business and management practices to support companies and economies in the digital transformation in Asia, with special emphasis on success and failure experiences and analyzing the role of digital skills and competences, green issues and technological disruptors in these emerging practices in Asia and how they can contribute to the creation of new business opportunities, more jobs and growth for the recovery of Asian economies after the pandemic"--