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The China-Taliban old-new connection: The BRI, above and beyond 中国与塔利班的新旧联系：“一带一路”，超越
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-09-25 DOI: 10.1016/j.aglobe.2025.100113
Jalel Ben Haj Rehaiem
{"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":"2025-12-01","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}
引用次数: 0
State ownership’s dual impact: Agency costs in vietnam’s construction and real estate sector 国有的双重影响：越南建筑业和房地产业的代理成本
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-10-04 DOI: 10.1016/j.aglobe.2025.100117
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 ,&nbsp;The Son Tung Than ,&nbsp;Phuc Hong Hoang ,&nbsp;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":"2025-12-01","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}
引用次数: 0
How oil prices impact the Indonesian economy: Evidence from the stock market 油价如何影响印尼经济：来自股市的证据
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-11-03 DOI: 10.1016/j.aglobe.2025.100122
Willem Thorbecke
{"title":"How oil prices impact the Indonesian economy: Evidence from the stock market","authors":"Willem Thorbecke","doi":"10.1016/j.aglobe.2025.100122","DOIUrl":"10.1016/j.aglobe.2025.100122","url":null,"abstract":"<div><div>Oil prices have been high and volatile. This paper investigates how oil prices affect Indonesian stocks. Using Hamilton’s (2014) method to decompose oil prices into portions driven by shocks to aggregate demand and to oil supply, the results indicate that demand-driven oil price increases benefit sectors such as coal and iron and steel that compete in global markets. They harm sectors such as food and consumer goods that use oil for production and depend on consumer purchasing power. Supply-driven oil price increases benefit the resource sector in Indonesia. The finding that several sectors benefit from oil price increases indicates that blanket fuel subsidies are suboptimal. The finding that many sectors suffer from oil price increases indicates that Indonesia should reduce its exposure to oil by switching to sustainable energy sources.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100122"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145473653","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}
引用次数: 0
Plurilateral cooperation in response to aggressive unilateralism? 诸边合作应对咄咄逼人的单边主义？
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-09-22 DOI: 10.1016/j.aglobe.2025.100114
Bernard Hoekman
{"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":"2025-12-01","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}
引用次数: 0
South Asian global value chain integration patterns: A value-added perspective 南亚全球价值链整合模式：增值视角
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-07-02 DOI: 10.1016/j.aglobe.2025.100110
LILA BALLAV BHUSAL
{"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":"2025-12-01","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}
引用次数: 0
Introduction to the round table and a view from the United States: Will a new global trade system or a stronger Asian free trade arrangement emerge against the United States’ aggressive tariff regime? A political economy approach 圆桌会议介绍和美国的观点：一个新的全球贸易体系或一个更强大的亚洲自由贸易安排是否会出现，以对抗美国咄咄逼人的关税制度？政治经济学方法
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-11-27 DOI: 10.1016/j.aglobe.2025.100129
Josef C. Brada
{"title":"Introduction to the round table and a view from the United States: Will a new global trade system or a stronger Asian free trade arrangement emerge against the United States’ aggressive tariff regime? A political economy approach","authors":"Josef C. Brada","doi":"10.1016/j.aglobe.2025.100129","DOIUrl":"10.1016/j.aglobe.2025.100129","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100129"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747421","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}
引用次数: 0
A disrupted global trading system and the future of multilateralism 混乱的全球贸易体系和多边主义的未来
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-11-08 DOI: 10.1016/j.aglobe.2025.100123
Sunghoon Park
{"title":"A disrupted global trading system and the future of multilateralism","authors":"Sunghoon Park","doi":"10.1016/j.aglobe.2025.100123","DOIUrl":"10.1016/j.aglobe.2025.100123","url":null,"abstract":"<div><div>The current global trade order is disrupted for many reasons. The Covid-19, the Russian war against Ukraine and the all-front tariff war initiated by the United States are most outstanding factors to the disrupted global trade flows. This paper discussed shaping factors of and presented four scenarios for the future development of mullateralism. A fundamental policy reorientation is needed for the functioning multilateral trading system to be restored within a foreseeable future. A special attention should be given to both the US return to multilateral approaches in its trade policy and the preservation of liberal trade policy by the US major trading partners</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100123"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145527990","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}
引用次数: 0
Uneven partners: The regional dynamics of FDI flows between China and Russia 不平衡的合作伙伴：中国和俄罗斯之间FDI流动的区域动态
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-11-08 DOI: 10.1016/j.aglobe.2025.100124
Nadia Doytch , Kiril Tochkov
{"title":"Uneven partners: The regional dynamics of FDI flows between China and Russia","authors":"Nadia Doytch ,&nbsp;Kiril Tochkov","doi":"10.1016/j.aglobe.2025.100124","DOIUrl":"10.1016/j.aglobe.2025.100124","url":null,"abstract":"<div><div>This paper analyzes the regional determinants of bilateral FDI flows between China and Russia over the period 2003–2021, using project-level data from the <em>fDi Markets</em> database. We construct panels for both Chinese FDI in Russia and Russian FDI in China to examine how subnational characteristics shape investment patterns. The results reveal clear asymmetries: Chinese FDI in Russia is larger, more regionally dispersed, and concentrated in resource and infrastructure sectors. Russian FDI in China is more limited and focused on services in coastal provinces. While wages and marketization influence location decisions, geographic proximity and investor location within Russia have little explanatory power.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100124"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145527992","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}
引用次数: 0
Beyond financial hardships: Exploring the effects of unemployment and low wages on psychological health in India 超越经济困难：探索失业和低工资对印度心理健康的影响
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-10-11 DOI: 10.1016/j.aglobe.2025.100118
Swapnanil SenGupta
{"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":"2025-12-01","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}
引用次数: 0
Are deep trade agreements a solution for Asia? 深度贸易协定是亚洲的解决方案吗？
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-11-27 DOI: 10.1016/j.aglobe.2025.100127
Zdenek Drabek
{"title":"Are deep trade agreements a solution for Asia?","authors":"Zdenek Drabek","doi":"10.1016/j.aglobe.2025.100127","DOIUrl":"10.1016/j.aglobe.2025.100127","url":null,"abstract":"<div><div>The current crisis in the international trading system has led many to ask whether Asia can succeed where the WTO has failed. The purpose of this paper is to discuss the possibility of stronger regional trade ties as a result of the turmoil in the WTO. It is argued that, given its size and heterogeneity, Asia is unlikely to succeed in deepening trade relations as a continent, but it could succeed with a well selected and targeted group of countries.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100127"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145623298","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}
引用次数: 0
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