{"title":"Beyond financial hardships: Exploring the effects of unemployment and low wages on psychological health in India","authors":"Swapnanil SenGupta","doi":"10.1016/j.aglobe.2025.100118","DOIUrl":"10.1016/j.aglobe.2025.100118","url":null,"abstract":"<div><div>This paper examines the effects of unemployment and low wages on mental health in India. The analysis applies cross-sectional data from the Longitudinal Ageing Study in India (LASI), 2017–18. Seven different indicators of psychological distress are used. The relationships are estimated using the ordered polytomous logistic regression technique. Controlling for several individual characteristics, unemployed individuals are found to suffer higher odds of mental distress. Low wages increase the likelihood of higher life dissatisfaction levels. Compared to low-wage and out-of-labour-force individuals, unemployed individuals are at a higher risk of suffering psychological issues, implying that individuals do not voluntarily select unemployment over a low-paid job. The results also suggest that men are more affected by unemployment and low wages than women. These findings are largely similar to studies in Britain and Germany. In addition, the age group of 20–45, followed by 46–55, seems to be the most vulnerable to labour market outcomes.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100118"},"PeriodicalIF":1.5,"publicationDate":"2025-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145265209","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Quoc Hoi Le , The Son Tung Than , Phuc Hong Hoang , Minh Nga Nguyen
{"title":"State ownership’s dual impact: Agency costs in vietnam’s construction and real estate sector","authors":"Quoc Hoi Le , The Son Tung Than , Phuc Hong Hoang , Minh Nga Nguyen","doi":"10.1016/j.aglobe.2025.100117","DOIUrl":"10.1016/j.aglobe.2025.100117","url":null,"abstract":"<div><div>This study examines the impact of state ownership on agency costs in Vietnam’s real estate industry from 2011 to 2023. Using a dual-proxy approach—Total Operating Expenses Ratio (TOER) and Total Asset Turnover (TAT)—we analyze data from 122 listed firms. Findings indicate that state ownership raises the TOER due to bureaucratic inefficiencies but also boosts TAT through state-supported resources, demonstrating a dual influence. By combining agency and institutional theories, the study reveals how Vietnam’s governance, shaped by political influences, regional differences, and corruption, impacts these effects. Policy suggestions include establishing professional boards, ensuring transparent land allocation, and implementing anti-corruption strategies to better align state goals with market efficiency. These findings aim to guide governance reforms in Vietnam and similar transitioning economies in Asia.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100117"},"PeriodicalIF":1.5,"publicationDate":"2025-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145265208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How does digital capability translate into export performance?: The critical mediating role of GVC upgrading","authors":"Segu Oh , Seonggwuen Hwang","doi":"10.1016/j.aglobe.2025.100116","DOIUrl":"10.1016/j.aglobe.2025.100116","url":null,"abstract":"<div><div>The Fourth Industrial Revolution is reshaping global value chains (GVCs), creating new strategic imperatives for export-oriented small and medium-sized enterprises (SMEs). This study elucidates how technology adoption translates into enhanced export performance for Korean SMEs. Drawing on survey data from 131 Korean export SMEs, we test a comprehensive model using Partial Least Squares Structural Equation Modelling (PLS-SEM). The findings reveal a sequential pathway: Fourth Industrial Revolution technology adoption significantly enhances firms' 'Digital Trade Capability,' which drives 'GVC Upgrading' across products, processes, and functions. Crucially, Digital Trade Capability has no direct effect on Export Performance, with its impact being fully mediated by GVC Upgrading—the single most powerful predictor of export success. This indicates that for SMEs, mere possession of digital capabilities is insufficient; these capabilities must be strategically leveraged to actively upgrade the firm's GVC position. Our findings provide critical insights for managers navigating digital transformation and policymakers shaping industrial strategy.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100116"},"PeriodicalIF":1.5,"publicationDate":"2025-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145219110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Empowering economic growth through female labor force participation in central Asia: Evidence from regression and dynamic analyses","authors":"Zebo Kuldasheva, Maaz Ahmad","doi":"10.1016/j.aglobe.2025.100115","DOIUrl":"10.1016/j.aglobe.2025.100115","url":null,"abstract":"<div><div>Female labor force participation plays a significant role in driving the economic development of a country across various sectors. The previous literature suggests that increasing female labor force participation contributes to economic growth, the sector-specific impact remains unclear. The current study addresses this gap by analyzing female employment at both aggregate and sectoral levels, focusing on agriculture, industry, and services—on the economic growth of Central Asian economies from 1995 to 2022. Using a combination of regression techniques—including pooled OLS, fixed effects, and random effects models—and dynamic analytical approaches, the study addresses key issues of reverse causality and endogeneity through the adoption of the system GMM model. In addition, this study uses stationarity tests, including the Breitung and Das, IPS, and Pesaran tests, which reveal a mixed order of integration. The results of regression analysis show that total female labor force participation positively contributes to economic growth, while corruption negatively affects it. Sector-specific analysis result reveals that female participation in agriculture and services significantly enhances economic growth, whereas participation in the industrial sector has a detrimental impact. These results highlight the essential need for targeted policies to improve female labor force participation in high-growth sectors, mitigate the negative effects in the industrial sector, and address corruption. The study offers valuable insights into the role of female labor force participation in shaping economic growth in Central Asia.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100115"},"PeriodicalIF":1.5,"publicationDate":"2025-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145219112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The China-Taliban old-new connection: The BRI, above and beyond","authors":"Jalel Ben Haj Rehaiem","doi":"10.1016/j.aglobe.2025.100113","DOIUrl":"10.1016/j.aglobe.2025.100113","url":null,"abstract":"<div><div>Dr. Jalel Ben Haj Rehaiem, Three-time Fulbrighter, three-time Awardee from the United States State Department upon completion of THREE Fulbright programs, an alumnus of the Graduate School of Public and international Affairs (GSPIA), the University of Pittsburgh (1997/98), Fulbright Scholar-in-Residence in North Central College, Naperville, Chicago (2005/2006), Japan Foundation Fellow (2008), International Research Collaborator with ARENA, Tsukuba University, Tokyo.</div><div>Dr. Rehaiem is currently a Scholar-in-residence on US foreign policy in East Asia at Riytadh University, KSA.</div><div>Dr. Rehaiem is also an International News Media Consultant with a panoply of international News Stations in THREE languages- English, French, Arabic: My YouTube Channel.</div><div>Dr. Rehaiem is also an International News Media Consultant with a panoply of international News Stations in THREE languages- English, French, Arabic: My YouTube Channel:</div><div>(<span><span>https://www.youtube.com/channel/UCHcrbomHh-mgnCrx7ouWlaA</span><svg><path></path></svg></span>) ALSO: (<span><span>https://www.youtube.com/watch?<em>v</em> = s4QmDm0dGmg</span><svg><path></path></svg></span>).</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100113"},"PeriodicalIF":1.5,"publicationDate":"2025-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145157602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Plurilateral cooperation in response to aggressive unilateralism?","authors":"Bernard Hoekman","doi":"10.1016/j.aglobe.2025.100114","DOIUrl":"10.1016/j.aglobe.2025.100114","url":null,"abstract":"<div><div>The international trade order is under unprecedented pressure as a result of the unilateral decision by the Trump administration to increase U.S. tariffs by an order of magnitude to 15- 20 percent or higher on imports from most countries. This paper reflects on where the global trading system may be heading given recent events, focusing on potential responses by U.S. trading partners, distinguishing between revitalization of multilateral trade cooperation in the WTO, expansion and deepening of preferential trade agreements and issue- or domain-specific plurilateral agreements among groups of economies.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100114"},"PeriodicalIF":1.5,"publicationDate":"2025-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145121023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Japan’s international cooperation from ODA to OSA—Origins, evolution, and emerging trends","authors":"John XXV Paragas Lambino","doi":"10.1016/j.aglobe.2025.100112","DOIUrl":"10.1016/j.aglobe.2025.100112","url":null,"abstract":"<div><div>This paper examines the origins, evolution, and emerging trends in Japan’s international cooperation, focusing on its Official Development Assistance (ODA) and the newer Official Security Assistance (OSA). While initially aimed at diplomatic normalization, Japan’s approach has consistently aligned with economic interests, evolving into a strategic tool to elevate its global stature and recently toward national security in response to a more volatile geopolitical landscape. This strategic recalibration not only serves Japan’s security interests but also supports economic revitalization, particularly through defense-related industries. Despite this shift, Japan continues to promote human security, emphasizing dignity and freedom from fear and want. Looking ahead, its cooperation is likely to be shaped by two trajectories: one shaped by security imperatives, the other by human security values. These dual trajectories reveal a dynamic of mutual appropriation—where each agenda leverages elements of the other to further its own aims—and underlying tension between their respective priorities.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100112"},"PeriodicalIF":1.5,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis of the impacts of financial development on green growth: How does institutional quality matter?","authors":"Ngoc Toan Bui , Thu-Trang Thi Doan","doi":"10.1016/j.aglobe.2025.100111","DOIUrl":"10.1016/j.aglobe.2025.100111","url":null,"abstract":"<div><div>This study examines the impact of financial development on green growth in ASEAN-6 countries, offering empirical insights relevant to ongoing efforts toward sustainable economic development. A key contribution of the study is its focus on the moderating role of institutional quality in this relationship, which remains underexplored in the existing literature. Using both Generalized Method of Moments (GMM) and Bayesian regression, the study ensures robustness in its findings. The results show that financial development positively influences green growth, regardless of the measurement approach used. More importantly, institutional quality significantly amplifies this effect. Notably, the moderating role of institutional quality is stronger for financial markets than for financial institutions, marking a novel finding of this study. Therefore, the research not only contributes to the current literature by clarifying the moderating role of institutional quality but also distinguishes between the impacts of financial market development and financial institution development on green growth.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100111"},"PeriodicalIF":1.5,"publicationDate":"2025-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144895092","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"South Asian global value chain integration patterns: A value-added perspective","authors":"LILA BALLAV BHUSAL","doi":"10.1016/j.aglobe.2025.100110","DOIUrl":"10.1016/j.aglobe.2025.100110","url":null,"abstract":"<div><div>This study analyzes the integration of South Asia into global value chains (GVCs) through a value-added decomposition framework that distinguishes simple and complex participation modes. Using the Asian Development Bank Multi-Regional Input-Output database, which spans two decades, the study examines sectoral and country-level GVC participation, bilateral value-added flows, and global integration patterns. The findings demonstrate a persistent structural asymmetry where backward participation substantially exceeds forward participation across all economies. Sectoral analysis indicates that labor-intensive sectors demonstrate forward participation, and capital-intensive industries show stronger backward orientation. The bilateral examination uncovers distinct integration spheres: India dominates Nepal and Bhutan’s production networks through simple GVC linkages, while China increasingly supplies intermediate inputs to Bangladesh and Pakistan. Despite growing intermediate goods trade replacing final goods imports, complex GVC integration remains limited throughout the region. By moving beyond gross trade metrics, this study offers country-specific insights into structural dependencies and identifies key impediments—tariff regimes, infrastructure gaps, and regional fragmentation—that constrain upgrading and value capture, informing strategies for more inclusive GVC integration in South Asia.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100110"},"PeriodicalIF":0.0,"publicationDate":"2025-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144523976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Turning back the clock: The changing nature of North Korean food insecurity","authors":"Marcus Noland","doi":"10.1016/j.aglobe.2025.100107","DOIUrl":"10.1016/j.aglobe.2025.100107","url":null,"abstract":"<div><div>Over the past several years, North Korea has adopted legal changes that are increasing the centrality of the Workers Party of Korea and the state in agricultural production, distribution, and consumption. This development changes the basic nature of food insecurity in North Korea from one in which access to food is determined by the ability to purchase it in the market to one in which access to food is determined by political status. This development is of potential policy relevance: Although current conditions do not appear to be severe, if and when North Korea experiences another food crisis, foreign partners are likely to encounter a state-dominated model resembling the system that existed in the early 1990s at the onset of the famine and with it the attendant problems that humanitarian-relief agencies confronted at that time.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 1","pages":"Article 100107"},"PeriodicalIF":0.0,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143548274","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}