In the midst of turbulence in the international trade, this book titled Annual Competitiveness Analysis and Impact Estimation of Exchange Rates on Trade in Value-Added of ASEAN Economies provides a comprehensive overview on recent developments and policy initiatives in ASEAN, highlighting its strengths and weaknesses in facing the trade disruption from global events such as the US–China trade dispute, the rise of protectionist sentiments, and the expansion of China's Belt and Road Initiative.
This sixth instalment features an update on ACI's annual competitiveness index for ASEAN-10 economies. Using a total of 121 indicators, the study analyses the competitiveness of the 10 ASEAN countries across four environments namely (i) Macroeconomic Stability, (ii) Government and Institutional Setting, (iii) Financial, Businesses and Manpower Conditions, and (iv) Quality of Life and Infrastructure Development.
Also in this book is an in-depth coverage on trade, a key component of the ASEAN economy, and the integration of ASEAN into wider value chains. This phenomenon heavily features ongoing efforts to develop ASEAN and creates the need for a deeper understanding of the impact of these global value chains on trade in ASEAN. This book examines and provides empirical insights on the impact of real effective exchange rates on exports in ASEAN economies within the context of increased participation in global value chains. The findings have direct policy implications in the management of monetary policy.
Additionally, this book provides an extensive discussion on the impact of the US–China Trade War on ASEAN, presenting the background analysis on the annals of the dispute as well as examining determining factors that may positively or negatively affect the trade and investment landscape in ASEAN. This latest edition also features a compilation of speeches and writings by academics and policymakers on key issues and development of ASEAN. It includes a speech by Minister Lawrence Wong, Minister for National Development and Second Minister for Finance on the importance of infrastructure development for economic competitiveness. On top of that, this book also features an essay by Mr Bilahari Kausikan, Chairman of the Middle East Institute at the National University of Singapore, and former Permanent Secretary at the Ministry of Foreign Affairs of Singapore, which addresses the impact of the US–China trade war on ASEAN.
Contents: Regional Developments and Economic Outlook of ASEAN2018 Update on Annual Competitiveness Analysis for ASEAN-10Impact of Exchange Rates on Trade in Value-Added of ASEAN EconomiesImpact of the US–China Trade War on ASEANConcluding Remarks and Future Research Agenda
Readership: Investors, academics and researchers, policymakers and government stakeholders as well as general population who are interested in ASEAN economies and developments.ASEAN;Competitiveness;Trade;Policies;Trade War;Ranking;Indicators;Index;Exchange Rate;Investment;FDI;Economic Development;Asia;Southeast Asia;Singapore;Brunei;Indonesia;Cambodia;Laos;Malaysia;Thailand;Myanmar;Philippines;Vietnam0Key Features:This is an annual publication of ASEAN competitiveness landscape which is conducted impartially and aimed to provide insights for ASEAN policymakers, investors as well as international audience interested in ASEAN economics and developmentsThe book presents a comprehensive analysis based on an extensive dataset sourced from official data sources from various international organisationsIn this edition, emphasis is placed on trade in a period of rising anti-globalisation sentiment. It provides both an empirical study on impact of exchange rates on trade in value-added of ASEAN economies as well as discussion on the potential impact of the US–China trade war on ASEAN
