China will have to learn to live with COVID-19 too

Author: Editorial Board, ANU In mid-September China ticked over quite the milestone: one billion of its citizens — about 70 per cent of the population — had then been fully vaccinated against the COVID-19 virus. That puts China close to the top of the league table in global vaccination, ahead of Japan, South Korea and…

China’s reluctant Taliban embrace

Author: Pravda Parakkal On 18 July, Taliban leader Hibatullah Akhundzada said the group seeks strong diplomatic, economic and political relations with all countries including the United States. The Taliban soon revealed it had opened several channels of communication with foreign countries. China is among the first in the region to embrace — albeit cautiously —…

Malaysia’s rapid vaccination can’t outrun its COVID-19 failures

Author: Wei Aun Yap, Quanticlear Solutions In the 1930s, France built an impressive defensive border — the Maginot Line — to repel a German invasion. A technological wonder at the time, the Line is now remembered chiefly for its enormous cost and the false sense of security and overconfidence it bred while tying up infantry…

LDP dominance still cripples Japanese democracy

Author: Jiro Yamaguchi, Hosei University The Liberal Democratic Party (LDP) has long dominated Japanese politics, losing power on only two occasions since 1955. But despite this dominance, it has not always been easy for LDP prime ministers to implement key policies. At least until the mid-1990s, a series of check-and-balance mechanisms embedded in the party…

Indonesian VAT reform should level the playing field for women

Author: Citra Handayani Nasruddin, Republic of Indonesia The Indonesian government and the House of Representatives have been discussing a multi-tariff value-added tax (VAT) scheme as part of a proposed overhaul of tax legislation. Because the plan includes increasing the VAT rate for some goods and services, it will be challenging for policymakers to balance the…

What to make of China’s drive towards ‘common prosperity’

Author: Editorial Board, ANU Shoehorning every political development in China today into a black box of the natural behaviour of a Marxist-Leninist authoritarian state is the daily pastime of political commentators and pundits of many stripes and colours around the world. This sophistry, passed off as analysis, doesn’t add much to understanding what is going…

China’s mercantilist threat to ASEAN is exaggerated

Author: Christian Bachheimer, SOAS China’s growing influence on ASEAN affairs has featured increasingly in international news. The dominant narrative is that China is deploying a mercantilist strategy to drive ASEAN acquiescence to matters of diplomatic importance for China, forcing ASEAN states to choose between China and the United States. But ASEAN’s trade in goods and…

Deepening Japan–Bangladesh relations

Author: Shaikh Abdur Rahman, CFISS As the world continues to struggle with the ongoing effects of the COVID-19 pandemic, Bangladesh has been able to maintain economic growth with the help of its readymade garment sector and foreign remittances. But it has also relied significantly on assistance from its development partners, including Japan.

Utilizing the advantages of automation in the Asia Pacific

Writer: Yixiao Zhou, ANU Automation has grown swiftly in the Asia Pacific, with the area catching up to Europe and North America in robot density. Significant variety exists in between countries, with high levels of robotics adoption in Japan, South Korea and also, increasingly, China, however a lot reduced levels in various other economies,

such as India as well as Indonesia …

Since the worldwide monetary dilemma, the autumn of system work expenses has actually reduced as establishing Asia’s labour productivity has gradually plateaued compared with work costs per worker.This trend threatens Asia’s global competition, as well as firms are investing in automation to enhance work efficiency. Automation may demand more employees that have abilities in programs, mathematics, scientific research as well as engineering.New modern technologies might even, in the lengthy run, get to a stage of maturity where synthetic knowledge can change people in the efficiency of many tasks and also people no much longer need innovative maths or programs abilities to use brand-new modern technologies. It is not yet emphatically clear whether technology will certainly gather around areas such as Silicon Valley in the United States or Shenzhen in China, or whether brand-new technologies will be made use of and also established into specialised frontier modern technologies in neighborhood economies.A geographically distributed model of development would certainly mean that firms might develop niche innovations for residential markets by leveraging and also integrating right into the existing automation platforms of technologically sophisticated nations. One policy technique in feedback to the opportunities as well as dangers connected with arising modern technologies is the regulatory sandbox– a’safe space’where organizations can evaluate cutting-edge products, solutions, company designs and distribution systems with regulators.These methods will certainly assist increase the opportunity that automation raises overall factor productivity(TFP)growth. Greater TFP growth will help alleviate the unfavorable impacts of automation on work and also the burden on the economic situation when tax as well as transfer policies are implemented to lower earnings inequality.We have not yet seen much of the results of automation on TFP development, which has slowed in numerous economic situations in the Asia Pacific since the global financial dilemma.