Charting Singapore s Economy, 1H 2017

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Charting Singapore s Economy, 1H 2017"

Transcription

1 Charting Singapore s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published on July 3 rd, 2017

2 HELPING EXECUTIVES AROUND THE WORLD INTERPRET ECONOMIC NUMBERS Argentina Australia Brazil Brunei Cambodia Canada Chile China Hong Kong India Indonesia Laos Malaysia Mexico Myanmar New Zealand Peru Philippines Russia Singapore South Africa South Korea Taiwan Thailand Turkey United Kingdom United States Vietnam

3 EXECUTIVE SUMMARY ECONOMIC PROFILE ECONOMIC OUTLOOK Structure Competitiveness Development Growth Stability Singapore is the fourth largest economy in ASEAN with USD 293 billion GDP in 2015 In term of population, Singapore is the second smallest country in ASEAN with only 5.7 million people Unfavorable demographic structure for Singapore with relatively old population and declining working age group It has long been a trading (service) economy, with external demand far exceeding domestic one Singapore s economy relies on international trade much more than any other ASEAN economy Singapore s economy is service based with strong Manufacturing presence Economic Structure Part of the country s economic profile, economic structure section gives readers useful views to understand economic fundamental and determine what matters for the country s economy. 5

4 Singapore is the fourth largest economy in ASEAN with USD 293 billion GDP in GDP USD billion, Market Exchange Rate US China Japan Germany UK ASEAN* France India Italy Brazil* Canada Korea Russia Australia Spain 4,124 3,365 2,858 2,433 2,420 2,073 1,816 1,773 1,551 1,378 1,326 1,225 1,200 18,037 11,182 Indonesia Thailand Malaysia Singapore Philippines Vietnam Myanmar 62.9 Cambodia* 17.8 Brunei 12.9 Laos* 12.6 Measuring the size of an economy Size of any economy is usually measured by calculating its Gross Domestic Product (GDP) which is the market value of all officially recognized final goods and services produced within a country in a given period of time. To compare GDP internationally, there is a need to convert value in local currencies to one main currency, normally USD. There are two popular exchange rate to be used. The first one is the official exchange rate for that particular period. The second one is the so called Purchasing Power Parity exchange rate, which takes into account the difference in living expenses between countries. The first method is more popular in comparing the size of each economy. Size of Singapore s economy Using the market exchange rate method, Singapore s GDP is around USD billion in 2015, slightly lower than that of Malaysia and quite close to that of the Philippines. Mexico 1,144 Note: (*) IMF Estimate Source: IMF World Economic Outlook Database October

5 Wages in Singapore is highest in ASEAN and comparable to advanced economies Average monthly wages in Asia and the Pacific 2013 or latest available year (US$) Australia (2013) Singapore (2013) New Zealand (2013) Japan (2013) South Korea (2013) Hong Kong (2013) Malaysia (2013) China (2013) Samoa (2012) Mongolia (2012) Thailand (2013) India (2011/12) Philippines (2013) Vietnam (2013) Indonesia (2013) Cambodia (2012) Pakistan (2013) Nepal (2008) 4,642 3,694 3,419 3,320 2,841 1, International Wage Comparison Due to differences in definitions and coverage, comparing average wages across countries is not always straightforward. The chart presents information on wage levels for countries with broadly comparable data, compiled by International Labor Organization from comprehensive National Labor Force Surveys. Wages in Singapore Average monthly wages in Singapore in 2013 was around USD 3,694, by far the highest in ASEAN. Singapore s wage level is comparable to advanced economies. Source: ILO Global Wage Report 2014/15 Asia and the Pacific Supplement 14

6 Singapore economic expansion slowed down in 3Q16 with 1.1% year on year growth Real GDP growth Year-on-year, 3Q16 India Philippines China Vietnam Indonesia New Zealand Malaysia Thailand South Korea Taiwan Hong Kong Australia United States Euro area Japan Singapore 1.1% 1.1% Singapore s Real GDP growth Year on year, last 8 quarters 7.3% 2.8% 7.1% 2.7% 6.7% 6.4% 5.0% 2.0% 2.0% 4.5% 1.7% 1.8% 1.8% 4.3% 3.2% 2.6% 1.1% 2.0% 1.9% 1.8% 1.7% 1.7% 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 GDP growth in the latest quarter Real GDP growth in the latest quarter from major economies in the world sorted from highest to lowest. GDP growth for Singapore s economy in 3Q16 Singapore economic expansion slowed down in 3Q16 with 1.1% year-on-year growth. This growth level is lower than in most major economies in the region. Source: The Economist, Department of Statistics, Singapore; Charting Economy analysis 32

7 Sharp drop in SGD value against USD during the second half of 2016 Singapore Dollar Exchange Rate Per USD, mid point Singapore Dollar Value Indexed per USD, mid point, 31/12/15 = Exchange rate A stable exchange rate is preferred in the world where most countries adopt floating rate policy. Volatile exchange rate can certainly harm international trade and investment. YTD change in Singapore Dollar Sharp drop in SGD value against USD during the second half of 2016, possibly due to both external factors (Fed decision, Brexit, Trump etc.) and internal economic slow down /12/15 31/03/16 30/06/16 30/09/ /12/15 31/03/16 30/06/16 30/09/ Source: Oanda 44

8 Singapore is the easiest place in ASEAN to start a business Starting a business rank Cost - Paid-in min. Procedure - Cost - Men Procedure - Time - Time - Men Women (% capital (% of Economy Rank DTF* Men (% of income Women Women (days) of income income per (number) per capita) (number) (days) per capita) capita) New Zealand Hong Kong SAR, China Singapore Aus tralia Korea, Rep Taiwan, China Thailand Brunei Darussalam Japan Malaysia Vietnam China Timor-Leste Myanmar Indonesia India Lao PDR Philippines Cambodia Central African Republic Starting a Business This topic measures the paid-in minimum capital requirement, number of procedures, time and cost for a small- to medium-sized limited liability company to start up and formally operate. To make the data comparable across 190 economies, Doing Business uses a standardized business that is 100% domestically owned, has start-up capital equivalent to 10 times income per capita, engages in general industrial or commercial activities and employs between 10 and 50 people one month after the commencement of operations, all of whom are domestic nationals. The most recent round of data collection for the project was completed in June Starting a Business in Singapore Singapore is the easiest place in ASEAN to start a business with very low cost and short amount of time. Note: (*) An economy s distance to frontier score is indicated on a scale from 0 to 100, where 0 represents the worst performance and 100 the frontier Source: Doing Business

9 I d SUBSCRIPTION ORDER FORM Complete the steps below or do it online at like to order the following package(s) ASIAPAC Australia 1H2017 USD 99 China 1H2017 USD 99 Hong Kong 1H2017 USD 99 India 1H2017 USD 99 New Zealand 1H2017 USD 99 South Korea 1H2017 USD 99 Taiwan 1H2017 USD 99 AUS & NZ 1H2017 USD 139 China HK Taiwan 1H2017 USD 189 AMERICA Argentina 1H2017 USD 99 Brazil 1H2017 USD 99 Canada 1H2017 USD 99 Chile 1H2017 USD 99 Mexico 1H2017 USD 99 Peru 1H2017 USD 99 United States 1H2017 USD 99 LATAM5 1H2017* USD 319 ASEAN Brunei 1H2017 USD 99 Cambodia 1H2017 USD 99 Indonesia 1H2017 USD 99 Laos 1H2017 USD 99 Malaysia 1H2017 USD 99 Myanmar 1H2017 USD 99 Philippines 1H2017 USD 99 Singapore 1H2017 USD 99 Thailand 1H2017 USD 99 Vietnam 1H2017 USD 99 CLMB 1H2017** USD 239 ASEAN6 1H2017*** USD 379 OTHERS Russia 1H2017 USD 99 South Africa 1H2017 USD 99 Turkey 1H2017 USD 99 United Kingdom 1H2017 USD 99 BRIC 1H2017**** USD 249 Please invoice me using the details below We accept credit card / Paypal / bank transfer. More details on the payment will be provided in the invoice. Scan Save 20% When order 2 or more individual-country reports Name : Company : Address : Country : Signature : and return this form to It s easier to fill this form online, go to Note: (*) Argentina, Brazil, Chile, Mexico and Peru; (**) Cambodia, Laos, Myanmar and Brunei (***) Indonesia, Thailand, Malaysia, Singapore, Philippines and Vietnam; (****) Brazil, Russia, India and China Charting Economy Helping Executives Interpret Economic Numbers Managed by Chart Maker Co., Ltd. (registered no ) 19 Moo 11, Lamlukka rd., Lamlukka district, Pathumthani, Thailand 12150

Charting Indonesia s Economy, 1H 2017

Charting Indonesia s Economy, 1H 2017 Charting Indonesia s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

Charting South Korea s Economy, 1H 2017

Charting South Korea s Economy, 1H 2017 Charting South Korea s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

Charting Philippines Economy, 1H 2017

Charting Philippines Economy, 1H 2017 Charting Philippines Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

Charting Australia s Economy

Charting Australia s Economy Charting Australia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

Charting Cambodia s Economy

Charting Cambodia s Economy Charting Cambodia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

Charting Cambodia s Economy, 1H 2017

Charting Cambodia s Economy, 1H 2017 Charting Cambodia s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 HELPING EXECUTIVES AROUND

More information

Charting Singapore s Economy, 1Q 2016 Publication Date: December 8 th, 2015 Number of pages: 58

Charting Singapore s Economy, 1Q 2016 Publication Date: December 8 th, 2015 Number of pages: 58 Charting Singapore s Economy, 1Q 2016 Publication Date: December 8 th, 2015 Number of pages: 58 Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) You are free to: Share copy and

More information

Pakistan 2.5 Europe 11.5 Bangladesh 2.0 Japan 1.8 Philippines 1.3 Viet Nam 1.2 Thailand 1.0

Pakistan 2.5 Europe 11.5 Bangladesh 2.0 Japan 1.8 Philippines 1.3 Viet Nam 1.2 Thailand 1.0 173 People Snapshots Asia and the Pacific accounts for nearly 55% of global population and 6 of the world s 10 most populous economies. The region s population is forecast to grow by almost 1 billion by

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT. September 2010

KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT. September 2010 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT September 2010 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara,

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT. March 2010

KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT. March 2010 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT March 2010 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara, Phnom

More information

VIII. Government and Governance

VIII. Government and Governance 247 VIII. Government and Governance Snapshot Based on latest data, three-quarters of the economies in Asia and the Pacific incurred fiscal deficits. Fiscal deficits also exceeded 2% of gross domestic product

More information

Taiwan s Development Strategy for the Next Phase. Dr. San, Gee Vice Chairman Taiwan External Trade Development Council Taiwan

Taiwan s Development Strategy for the Next Phase. Dr. San, Gee Vice Chairman Taiwan External Trade Development Council Taiwan Taiwan s Development Strategy for the Next Phase Dr. San, Gee Vice Chairman Taiwan External Trade Development Council Taiwan 2013.10.12 1 Outline 1. Some of Taiwan s achievements 2. Taiwan s economic challenges

More information

Population. C.4. Research and development. In the Asian and Pacific region, China and Japan have the largest expenditures on R&D.

Population. C.4. Research and development. In the Asian and Pacific region, China and Japan have the largest expenditures on R&D. Statistical Yearbook for Asia and the Pacific 2013 C. Education and knowledge C.4. (R&D) is a critical element in the transition towards a knowledgebased economy. It also contributes to increased productivity,

More information

Lecture 4 Multilateralism and Regionalism. Hyun-Hoon Lee Professor Kangwon National University

Lecture 4 Multilateralism and Regionalism. Hyun-Hoon Lee Professor Kangwon National University Lecture 4 Multilateralism and Regionalism Hyun-Hoon Lee Professor Kangwon National University 1 The World Trade Organization (WTO) General Agreement on Tariffs and Trade (GATT) A multilateral agreement

More information

Globalization GLOBALIZATION REGIONAL TABLES. Introduction. Key Trends. Key Indicators for Asia and the Pacific 2009

Globalization GLOBALIZATION REGIONAL TABLES. Introduction. Key Trends. Key Indicators for Asia and the Pacific 2009 GLOBALIZATION 217 Globalization The People s Republic of China (PRC) has by far the biggest share of merchandise exports in the region and has replaced Japan as the top exporter. The largest part of Asia

More information

Current Situation and Outlook of Asia and the Pacific

Current Situation and Outlook of Asia and the Pacific ESCAP High-level Policy Dialogue Ministry of Finance of the Republic of International Economic Summit 2013 Eleventh Bank Annual International Seminar Macroeconomic Policies for Sustainable Growth with

More information

E-Commerce Development in Asia and the Pacific

E-Commerce Development in Asia and the Pacific 2013/ SOM3/CTI/WKSP1/015 e-commerce Development in Asia and the Pacific Submitted by: ESCAP Workshop on Building and Enhancing FTA Negotiation Skills on e-commerce Medan, Indonesia 27-28 June 2013 E-Commerce

More information

STUDENT VISA HOLDERS WHO LAST HELD A VISITOR OR WHM VISA Student Visa Grant Data

STUDENT VISA HOLDERS WHO LAST HELD A VISITOR OR WHM VISA Student Visa Grant Data STUDENT VISA HOLDERS WHO LAST HELD A VISITOR OR WHM VISA 2013-14 Student Visa Grant Data Over 40,000 or 14% of all student visa grantees in 2013-14 last held a visitor or WHM visa Visa grants by sector

More information

Tourism Highlights International Tourist Arrivals, Average Length of Stay, Hotels Occupancy & Tourism Receipts Years

Tourism Highlights International Tourist Arrivals, Average Length of Stay, Hotels Occupancy & Tourism Receipts Years KINGDOM OF CAMBODIAA NATION RELIGION KING 3 TOURISM STATISTICS REPORT Oct tober 2013 MINISTRY OF TOURISM Statisticss and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khann 7 Makara,

More information

BBVA EAGLEs. Emerging And Growth Leading Economies Economic Outlook. Annual Report 2014 Cross-Country Emerging Markets, BBVA Research March 2014

BBVA EAGLEs. Emerging And Growth Leading Economies Economic Outlook. Annual Report 2014 Cross-Country Emerging Markets, BBVA Research March 2014 BBVA EAGLEs Emerging And Growth Leading Economies Economic Outlook Annual Report 2014 Cross-Country Emerging Markets, BBVA Research March 2014 Index Key takeaways in 2013 Rethinking EAGLEs for the next

More information

Year. Fig.1 Population projections

Year. Fig.1 Population projections Outline of DNE21+ Model - Population, GDP Estimates- March 25, 28 1. Population Statistics from United Nations 26 are used. (UN, World Population Prospects:The 26 Revision. http://esa.un.org/unpp/) (Figure

More information

geography Bingo Instructions

geography Bingo Instructions Bingo Instructions Host Instructions: Decide when to start and select your goal(s) Designate a judge to announce events Cross off events from the list below when announced Goals: First to get any line

More information

Female Labor Force Participation: Contributing Factors

Female Labor Force Participation: Contributing Factors REGIONAL SEMINAR WOMEN S EMPLOYMENT, ENTREPRENEURSHIP & EMPOWERMENT: MOVING FORWARD ON IMPERFECT PATHWAYS Female Labor Force Participation: Contributing Factors Valerie Mercer-Blackman Senior Economist

More information

APPENDIXES. 1: Regional Integration Tables. Table Descriptions. Regional Groupings. Table A1: Trade Share Asia (% of total trade)

APPENDIXES. 1: Regional Integration Tables. Table Descriptions. Regional Groupings. Table A1: Trade Share Asia (% of total trade) 1: Regional Integration Tables The statistical appendix is comprised of 10 tables that present selected indicators on economic integration covering the 48 regional members of the n Development Bank (ADB).

More information

WORLDWIDE DISTRIBUTION OF PRIVATE FINANCIAL ASSETS

WORLDWIDE DISTRIBUTION OF PRIVATE FINANCIAL ASSETS WORLDWIDE DISTRIBUTION OF PRIVATE FINANCIAL ASSETS Munich, November 2018 Copyright Allianz 11/19/2018 1 MORE DYNAMIC POST FINANCIAL CRISIS Changes in the global wealth middle classes in millions 1,250

More information

The Philippines: The New Tiger of Asia

The Philippines: The New Tiger of Asia The Philippines: The New Tiger of Asia Dr. Bernardo M. Villegas Ph.D. (Harvard) University Professor, University of Asia and the Pacific Manila, Philippines The Philippine Economy: Reaching the Tipping

More information

Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all

Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all Table 4.1: Selected Indicators for SDG 7 - Energy Efficiency and Access to Modern and Renewable Energy Sources By 2030,

More information

Presented by Sarah O Keefe External Relations Officer European Representative Office Frankfurt, Germany

Presented by Sarah O Keefe External Relations Officer European Representative Office Frankfurt, Germany Asian Development Bank ADB Business Opportunities Seminar AICEP Portugal Global Av. 5 de Outubro, 101 1050-051 Lisboa 4 October 2012 Introduction ti to ADB Presented by Sarah O Keefe External Relations

More information

Proliferation of FTAs in East Asia

Proliferation of FTAs in East Asia Proliferation of FTAs in East Asia Shujiro URATA Waseda University and RIETI April 8, 2005 Contents I. Introduction II. Regionalization in East Asia III. Recent Surge of FTAs in East Asia IV. The Factors

More information

Inclusive Growth: Challenges For The East Asia Region

Inclusive Growth: Challenges For The East Asia Region Inclusive Growth: Challenges For The East Asia Region ADFIAP International CEO Forum XI New World Makati Hotel, Makati City, Dec 8, 2015 Rogier van den Brink Lead Economist and Program Leader World Bank

More information

Exploring relations between Governance, Trust and Well-being

Exploring relations between Governance, Trust and Well-being Exploring relations between Governance, Trust and Well-being Using recent Gallup WorldPoll data Robert Manchin Gallup Europe Asia-Pacific Conference on Measuring Well-Being and Fostering the Progress of

More information

Asian Development Bank

Asian Development Bank Asian Development Bank October 2015 President Takehiko Nakao Azerbaijan ADB Regional Members(48 economies) Uzbekistan Kazakhstan Georgia Armenia Turkmenistan Afghanistan Pakistan Kyrgyz Republic Mongolia

More information

CHINA GTSI STATISTICS GLOBAL TEACHER STATUS INDEX 2018

CHINA GTSI STATISTICS GLOBAL TEACHER STATUS INDEX 2018 CHINA GTSI STATISTICS GLOBAL TEACHER STATUS INDEX 2018 0 20 40 60 80 100 CHINA GTSI STATISTICS TEACHER STATUS IS HIGHER IN CHINA THAN IN ANY OF THE 35 COUNTRIES POLLED IN THE NEW GLOBAL TEACHER STATUS

More information

Figure 1.1: Percentage Distribution of Population by Global Region, and by Economy in Asia and the Pacific, 2014

Figure 1.1: Percentage Distribution of Population by Global Region, and by Economy in Asia and the Pacific, 2014 195 People Snapshots Asia and the Pacific accounts for nearly 55% of the global population and six of the world s 10 most populous economies. The region s population is forecast to grow to 5.3 billion

More information

ASEAN: THE AEC IS HERE, FINALLY 2030: NOMINAL GDP USD TRILLION US CHINA EURO AREA ASEAN JAPAN UK $20.8 $34.6 IN IN

ASEAN: THE AEC IS HERE, FINALLY 2030: NOMINAL GDP USD TRILLION US CHINA EURO AREA ASEAN JAPAN UK $20.8 $34.6 IN IN 14: NOMINAL GDP USD TRILLION US EURO AREA CHINA JAPAN UK $2.9 $4.6 : THE AEC IS HERE, FINALLY $1.4 $13.4 $17.4 3: NOMINAL GDP USD TRILLION US CHINA EURO AREA JAPAN UK $6.8 $6.4 $8.5 $.8 $34.6 $33.6 $2.5

More information

Asia and the Pacific s Perspectives on the Post-2015 Development Agenda

Asia and the Pacific s Perspectives on the Post-2015 Development Agenda Ver: 2 Asia and the Pacific s Perspectives on the Post-2015 Development Agenda Dr. Noeleen Heyzer Executive Secretary United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Bangkok

More information

2013 (received) 2015 (received) Local Local Local Local currency. currency (millions) currency. (millions)

2013 (received) 2015 (received) Local Local Local Local currency. currency (millions) currency. (millions) Table 1. UNDP regular resources: contributions received or pledged in - figures are based on contribution amounts already received or officially pledged. (For contributions received, the UN echange rates

More information

Lecture III South Korean Economy today

Lecture III South Korean Economy today Lecture III South Korean Economy today Lecture 3: South Korean Economy - Current Status and Issues in the future South Korean Economy: Current Status 1 Korean Economy with Numbers GDP (PPP based) S. Korea

More information

CHAPTER I: SIZE AND GEOGRAPHICAL DISTRIBUTION OF THE POPULATION

CHAPTER I: SIZE AND GEOGRAPHICAL DISTRIBUTION OF THE POPULATION CHAPTER I: SIZE AND GEOGRAPHICAL DISTRIBUTION OF THE POPULATION 1. Trends in the Population of Japan The population of Japan is 127.77 million. It increased by 0.7% over the five-year period, the lowest

More information

Goal 1: Eradicate Extreme Poverty and Hunger

Goal 1: Eradicate Extreme Poverty and Hunger 59 In 15 economies of the Asia and Pacific region, including some of the most populous, more than 10% of the population live on less than $1 a day. In 20 economies, again including some of the most populous,

More information

Trademarks FIGURE 8 FIGURE 9. Highlights. Figure 8 Trademark applications worldwide. Figure 9 Trademark application class counts worldwide

Trademarks FIGURE 8 FIGURE 9. Highlights. Figure 8 Trademark applications worldwide. Figure 9 Trademark application class counts worldwide Trademarks Highlights Applications grew by 16.4% in 2016 An estimated 7 million trademark applications were filed worldwide in 2016, 16.4% more than in 2015 (figure 8). This marks the seventh consecutive

More information

Drivers of Regional Integration in ASEAN

Drivers of Regional Integration in ASEAN Drivers of Regional Integration in ASEAN Skills for Tomorrow, Collaborating for the Future: Australia-Indonesia-ASEAN Symposium, Jakarta, 22-24 August 2017 Professor Christopher Ziguras President, International

More information

POLICY OPTIONS AND CHALLENGES FOR DEVELOPING ASIA PERSPECTIVES FROM THE IMF AND ASIA APRIL 19-20, 2007 TOKYO

POLICY OPTIONS AND CHALLENGES FOR DEVELOPING ASIA PERSPECTIVES FROM THE IMF AND ASIA APRIL 19-20, 2007 TOKYO POLICY OPTIONS AND CHALLENGES FOR DEVELOPING ASIA PERSPECTIVES FROM THE IMF AND ASIA APRIL 19-20, 2007 TOKYO RISING INEQUALITY AND POLARIZATION IN ASIA ERIK LUETH INTERNATIONAL MONETARY FUND Paper presented

More information

Market Briefing: Trade-Weighted Dollar

Market Briefing: Trade-Weighted Dollar Market Briefing: Trade-Weighted Dollar February 12, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites at blog.

More information

The IISD Global Subsidies Initiative Barriers to Reforming Fossil Fuel Subsidies: Lessons Learned from Asia

The IISD Global Subsidies Initiative Barriers to Reforming Fossil Fuel Subsidies: Lessons Learned from Asia Barriers to Reforming Fossil Fuel Subsidies: Lessons Learned from Asia Tara Laan Global Subsidies Initiative 20 June 2014 Outline of presentation 1. Introduction to the GSI 2. Scale of fossil-fuel subsidies

More information

Inequality in Asia and the Pacific

Inequality in Asia and the Pacific Inequality in Asia and the Pacific Inter-regional Expert Group Mee3ng Placing Equality at the Centre of Agenda 2030 Patrik Andersson Chief, Sustainable Socioeconomic Transforma9on Sec9on Social Development

More information

Inclusive Green Growth Index (IGGI): A New Benchmark for Well-being in Asia and the Pacific

Inclusive Green Growth Index (IGGI): A New Benchmark for Well-being in Asia and the Pacific Inclusive Green Growth Index (IGGI): A New Benchmark for Well-being in Asia and the Pacific Presented by Radtasiri Wachirapunyanont Intern Governance Thematic Group VPKM and ERCD Outline Stock-taking Introduction

More information

Japan s Policy to Strengthen Economic Partnership. November 2003

Japan s Policy to Strengthen Economic Partnership. November 2003 Japan s Policy to Strengthen Economic Partnership November 2003 1. Basic Structure of Japan s External Economic Policy -Promoting Economic Partnership Agreements with closely related countries and regions

More information

Emerging Market Consumers: A comparative study of Latin America and Asia-Pacific

Emerging Market Consumers: A comparative study of Latin America and Asia-Pacific Emerging Market Consumers: A comparative study of Latin America and Asia-Pacific Euromonitor International ESOMAR Latin America 2010 Table of Contents Emerging markets and the global recession Demographic

More information

Making Growth Work for the Poor: The Challenge of Inclusive Growth

Making Growth Work for the Poor: The Challenge of Inclusive Growth 15/SOM1/EC/39 Agenda Item: 7 Making Growth Work for the Poor: The Challenge of Inclusive Growth Purpose: Information Submitted by: World Bank First Economic Committee Meeting Clark, Philippines 4-5 February

More information

Asian Development Bank

Asian Development Bank Asian Development Bank March 2018 President Takehiko Nakao Azerbaijan ADB Regional Members(48 economies) Uzbekistan Kazakhstan Georgia Armenia Turkmenistan Afghanistan Pakistan Bangladesh Maldives Kyrgyz

More information

V. Transport and Communications

V. Transport and Communications 215 V. Transport and Communications Snapshot In 2013, occupants of four-wheeled vehicles comprised a plurality of traffic-related deaths in 15 of 35 regional economies for which data are available. Air

More information

Trans-Pacific Trade and Investment Relations Region Is Key Driver of Global Economic Growth

Trans-Pacific Trade and Investment Relations Region Is Key Driver of Global Economic Growth Trans-Pacific Trade and Investment Relations Region Is Key Driver of Global Economic Growth Background The Asia-Pacific region is a key driver of global economic growth, representing nearly half of the

More information

Rules of Origin Process (Chile)

Rules of Origin Process (Chile) Asia-Pacific Economic Cooperation Secretariat 2004/SOM1/SCCP1/060 Agenda Item: 10.4 Rules of Origin Process (Chile) Sub-Committee on Customs Procedures Santiago, Chile 25-27 February 2004 BACKGROUND The

More information

Inequality of opportunity in Asia and the Pacific

Inequality of opportunity in Asia and the Pacific Inequality of opportunity in Asia and the Pacific Expert Group meeting on Addressing inequalities and challenges to social inclusion through fiscal, wage and social protection policies Thérèse Björk Social

More information

Combating Corruption in Asian Countries 101: Advice for Policy Makers

Combating Corruption in Asian Countries 101: Advice for Policy Makers Combating Corruption in Asian Countries 101: Advice for Policy Makers Jon S.T. Quah, Ph.D. Anti-Corruption Consultant Singapore Email: jonstquah@gmail.com Website: www.jonstquah.com Presentation at the

More information

ARANGKADA PHILIPPINES 2010: A BUSINESS PERSPECTIVE. Figure 10: Share in world GDP,

ARANGKADA PHILIPPINES 2010: A BUSINESS PERSPECTIVE. Figure 10: Share in world GDP, Living in the High Growth Neighborhood The Philippines is located in the world s fastest growing region. Figure 10 shows that the ASEAN-6 plus 4 (China, India, Japan, and Korea) in 2009 had about the same

More information

The Challenge of Inclusive Growth: Making Growth Work for the Poor

The Challenge of Inclusive Growth: Making Growth Work for the Poor 2015/FDM2/004 Session: 1 The Challenge of Inclusive Growth: Making Growth Work for the Poor Purpose: Information Submitted by: World Bank Group Finance and Central Bank Deputies Meeting Cebu, Philippines

More information

Aid for Trade in Asia and the Pacific: ADB's Perspective

Aid for Trade in Asia and the Pacific: ADB's Perspective Aid for Trade in Asia and the Pacific: ADB's Perspective Juzhong Zhuang Assistant Chief Economist Economics and Research Department Asian Development Bank GTAP Conference Roundtable Discussion: Towards

More information

Migration (IMMI 17/002: Places and Currencies for Paying of Fees) Instrument 2017

Migration (IMMI 17/002: Places and Currencies for Paying of Fees) Instrument 2017 Migration (IMMI 17/002: Places and Currencies for Paying of Fees) Instrument 2017 I, Steven Groves, Delegate of the Minister for Immigration and Border Protection, make the following instrument. Dated:

More information

Asia Pacific Travel & Tourism: A 2014 Update on Key Metrics

Asia Pacific Travel & Tourism: A 2014 Update on Key Metrics Asia Pacific Travel & Tourism: A 2014 Update on Key Metrics Notations IVAs: International Visitor Arrivals P2P: Period-to-Period YTD: Year-to-date Country Codes: Designated Internet address endings Note:

More information

CHILE NORTH AMERICA. Egypt, Israel, Oman, Saudi Arabia and UAE. Barge service: Russia Federation, South Korea and Taiwan. USA East Coast and Panama

CHILE NORTH AMERICA. Egypt, Israel, Oman, Saudi Arabia and UAE. Barge service: Russia Federation, South Korea and Taiwan. USA East Coast and Panama EUROPE Bulgaria, Greece, Italy, Netherlands and Turkey Belgium, Denmark, France, Germany, Malta, Netherlands, Poland, Slovenia, Spain and UK Belgium, Germany, Gibraltar, Greece, Italy, Malta, Netherlands,

More information

Global Trends in Location Selection Final results for 2005

Global Trends in Location Selection Final results for 2005 Global Business Services Plant Location International Global Trends in Location Selection Final results for 2005 September, 2006 Global Business Services Plant Location International 1. Global Overview

More information

Global Consumer Confidence

Global Consumer Confidence Global Consumer Confidence The Conference Board Global Consumer Confidence Survey is conducted in collaboration with Nielsen 1ST QUARTER 2018 RESULTS CONTENTS Global Highlights Asia-Pacific Africa and

More information

Trade Mark Snapshot. Filing, Non-Use & Opposition ASIA PACIFIC 2016

Trade Mark Snapshot. Filing, Non-Use & Opposition ASIA PACIFIC 2016 Trade Mark Snapshot Filing, Non-Use & Opposition ASIA PACIFIC 2016 TRADE MARK FILING SNAPSHOT FIRST TO FILE POWER OF ATTORNEY NICE CLASSIFICATION CERTIFIED COPY OF PRIORITY DOCUMENT MULTI-CLASS IS USE

More information

Incarceration Data: Selected Comparisons

Incarceration Data: Selected Comparisons Incarceration Data: Selected Comparisons Charles Patton III Race/Ethnicity: Multidisciplinary Global Contexts, Volume 2, Number 1, Autumn 2008, pp. 151-156 (Article) Published by Indiana University Press

More information

A GAtewAy to A Bet ter Life Education aspirations around the World September 2013

A GAtewAy to A Bet ter Life Education aspirations around the World September 2013 A Gateway to a Better Life Education Aspirations Around the World September 2013 Education Is an Investment in the Future RESOLUTE AGREEMENT AROUND THE WORLD ON THE VALUE OF HIGHER EDUCATION HALF OF ALL

More information

Mizuho Economic Outlook & Analysis

Mizuho Economic Outlook & Analysis Mizuho Economic Outlook & Analysis The 18th Questionnaire Survey of Japanese Corporate Enterprises Regarding Business in Asia (February 18) - Japanese Firms Reevaluate China as a Destination for Business

More information

ASEAN Emerging Growth, Opportunities & Challenges

ASEAN Emerging Growth, Opportunities & Challenges ASEAN Emerging Growth, Opportunities & Challenges Carl Lukach President DuPont East Asia Taiwan Innovation Centre Opening June 29, 2011 Inclusive Innovation in Action The Vision of DuPont WE ARE A MARKET-DRIVEN

More information

Putting the Experience of Chinese Inventors into Context. Richard Miller, Office of Chief Economist May 19, 2015

Putting the Experience of Chinese Inventors into Context. Richard Miller, Office of Chief Economist May 19, 2015 Putting the Experience of Chinese Inventors into Context Richard Miller, Office of Chief Economist May 19, 2015 Outline Data and Methods Growth in PTO Filings Focus on foreign co-invention Patent examination

More information

ASEAN-INDIA STRATEGIC PARTNERSHIP AND DESIGN OF FUTURE REGIONAL TRADING ARCHITECTURE

ASEAN-INDIA STRATEGIC PARTNERSHIP AND DESIGN OF FUTURE REGIONAL TRADING ARCHITECTURE AIFTA ASEAN-INDIA STRATEGIC PARTNERSHIP AND DESIGN OF FUTURE REGIONAL TRADING ARCHITECTURE Agus Syarip Hidayat Economic Research Center, Indonesian Institute of Sciences (LIPI) Roundtable ASEAN-India Network

More information

Epidemiology of TB in the Western Pacific Region

Epidemiology of TB in the Western Pacific Region Epidemiology of TB in the Western Pacific Region First Asia-Pacific Region Conference IUATLD Kuala Lumpur August 3, 27 Tuberculosis notification rates, 25 Notified TB cases (new and relapse) per 1 population

More information

Shifting the balance of global economic power: The Sinosphere in ascension towards dominance

Shifting the balance of global economic power: The Sinosphere in ascension towards dominance Shifting the balance of global economic power: The Sinosphere in ascension towards dominance Sierra Rayne a,, Kaya Forest b a Chemologica Research, 318 Rose Street, PO Box 74, Mortlach, Saskatchewan, Canada,

More information

China and India:Convergence and Divergence

China and India:Convergence and Divergence China and India:Convergence and Divergence I. "What China is good at, India is not and vice versa. The countries are inverted mirror of each other».. «very real possibility that China and India will in

More information

THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement

THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement March 2016 Contents 1. Objectives of the Engagement 2. Systematic Country Diagnostic (SCD) 3. Country Context 4. Growth Story 5. Poverty Story 6.

More information

Markets in higher education

Markets in higher education Markets in higher education Simon Marginson Institute of Education (IOE) Conference on The State and Market in Education: Partnership or Competition? The Grundtvig Study Centre Aarhus University and LLAKES,

More information

Consumer Barometer Study 2017

Consumer Barometer Study 2017 Consumer Barometer Study 2017 The Year of the Mobile Majority As reported mobile internet usage crosses 50% 2 for the first time in all 63 countries covered by the Consumer Barometer Study 1, we look at

More information

UPDATE. Asia at the Crossroads: 5 forces transforming Asia-Pacific region Fraser Thompson, AlphaBeta

UPDATE. Asia at the Crossroads: 5 forces transforming Asia-Pacific region Fraser Thompson, AlphaBeta UPDATE Asia at the Crossroads: 5 forces transforming Asia-Pacific region Fraser Thompson, AlphaBeta Email: fraser.thompson@alphabeta.com Website: www.alphabeta.com 0 9 8 7 6 Million USD 500,000 USD 00,000

More information

New York County Lawyers Association Continuing Legal Education Institute 14 Vesey Street, New York, N.Y (212)

New York County Lawyers Association Continuing Legal Education Institute 14 Vesey Street, New York, N.Y (212) New York County Lawyers Association Continuing Legal Education Institute 14 Vesey Street, New York, N.Y. 10007 (212) 267-6646 Who is Who in the Global Economy And Why it Matters June 20, 2014; 6:00 PM-6:50

More information

2010/SOM1/EC/WKSP/004 Session 1. Starting a Business. Submitted by: World Bank

2010/SOM1/EC/WKSP/004 Session 1. Starting a Business. Submitted by: World Bank 2010/SOM1/EC/WKSP/004 Session 1 Starting a Business Submitted by: World Bank Workshop on Reducing Start-up and Establishment Time of Businesses Hiroshima, Japan 1-2 March 2010 Starting a Business : Asia

More information

Emerging Asian economies lead Global Pay Gap rankings

Emerging Asian economies lead Global Pay Gap rankings For immediate release Emerging Asian economies lead Global Pay Gap rankings China, Thailand and Vietnam top global rankings for pay difference between managers and clerical staff Singapore, 7 May 2008

More information

Trade Facilitation and Better Connectivity for an Inclusive Asia and Pacific

Trade Facilitation and Better Connectivity for an Inclusive Asia and Pacific Trade Facilitation and Better Connectivity for an Inclusive Asia and Pacific Highlights Trade Facilitation and Better Connectivity for an Inclusive Asia and Pacific Highlights Creative Commons Attribution

More information

SEPTEMBER TRADE UPDATE ASIA TAKES THE LEAD

SEPTEMBER TRADE UPDATE ASIA TAKES THE LEAD Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SEPTEMBER TRADE WATCH SEPTEMBER TRADE UPDATE ASIA TAKES THE LEAD All regions show an

More information

In Yokohama April, 2008

In Yokohama April, 2008 Mr CHEN Li Intelligence Analyst RILO A/P 27th January 2010 In Yokohama April, 2008 World Customs Organization (WCO) WCO RILOs Western Europe Cologne (Germany) WCO Brussels (Belgium) Beijing (China) Middle

More information

Growth, Investment and Trade Challenges: India and Japan

Growth, Investment and Trade Challenges: India and Japan Growth, Investment and Trade Challenges: India and Japan October 31, 2017 Shujiro URATA Waseda University Outline 1. Economic Growth: Japan and India 2. Foreign Trade and Investment 3. India Japan EPA

More information

International Business Global Edition

International Business Global Edition International Business Global Edition By Charles W.L. Hill (adapted for LIUC2016 by R.Helg) Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 9 Regional Economic Integration

More information

REMITTANCE PRICES W O R L D W I D E

REMITTANCE PRICES W O R L D W I D E Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized REMITTANCE PRICES W O R L D W I D E PAYMENT SYSTEMS DEVELOPMENT GROUP FINANCIAL AND PRIVATE

More information

Trade, informality and jobs. Kee Beom Kim ILO Regional Office for Asia and the Pacific

Trade, informality and jobs. Kee Beom Kim ILO Regional Office for Asia and the Pacific Trade, informality and jobs Kee Beom Kim ILO Regional Office for Asia and the Pacific Decent Work for All ASIAN DECENT WORK DECADE 2006-2015 Outline Introduction: Linkage between trade, jobs and informality

More information

Business Data For Engaging in International Real Estate Transactions in Idaho. National Association of REALTORS Research Division

Business Data For Engaging in International Real Estate Transactions in Idaho. National Association of REALTORS Research Division Business Data For Engaging in International Real Estate Transactions in National Association of REALTORS Research Division November 2016 Table of Contents Introduction 1 Table 1. Population by Place of

More information

Toward Inclusive Growth in Indonesia : Improving Trade and Employment

Toward Inclusive Growth in Indonesia : Improving Trade and Employment Toward Inclusive Growth in Indonesia : Improving Trade and Employment Guntur Sugiyarto*) Asian Development Bank Conference on Trade and Employment in a Globalized World. Jakarta, Indonesia, 1-11 Desember

More information

South Africa - A publisher s perspective. STM/PASA conference 11 June, 2012, Cape Town Mayur Amin, SVP Research & Academic Relations

South Africa - A publisher s perspective. STM/PASA conference 11 June, 2012, Cape Town Mayur Amin, SVP Research & Academic Relations South Africa - A publisher s perspective STM/PASA conference 11 June, 2012, Cape Town Mayur Amin, SVP Research & Academic Relations 0 As a science information company, we have a unique vantage point on

More information

Transport and Communications

Transport and Communications 243 Transport and Communications Snapshots Road networks have expanded rapidly in most economies in Asia and the Pacific since 1990. The latest data show that the People s Republic of China (PRC) and account

More information

2016 (received) Local Local Local Local currency. currency (millions) currency. (millions)

2016 (received) Local Local Local Local currency. currency (millions) currency. (millions) Table 1. UNDP regular resources: contributions received or pledged in - figures are based on contribution amounts already received or officially pledged. (For contributions received, the UN echange rates

More information

Prospects for future economic cooperation between China and Belt & Road countries

Prospects for future economic cooperation between China and Belt & Road countries www.pwccn.com Prospects for future economic cooperation between China and Belt & Road countries Top ten Belt & Road (B&R) economies account for 64% of overall GDP of B&R countries Content 1 Overview of

More information

Round 1. This House would ban the use of zero-hour contracts. Proposition v. Opposition

Round 1. This House would ban the use of zero-hour contracts. Proposition v. Opposition Round 1 This House would ban the use of zero-hour contracts New Zealand Bermuda Wales Romania Greece Estonia USA Scotland Slovakia Philippines Qatar Ireland Hungary Australia Japan Canada Sri Lanka Sweden

More information

Figure 2: Range of scores, Global Gender Gap Index and subindexes, 2016

Figure 2: Range of scores, Global Gender Gap Index and subindexes, 2016 Figure 2: Range of s, Global Gender Gap Index and es, 2016 Global Gender Gap Index Yemen Pakistan India United States Rwanda Iceland Economic Opportunity and Participation Saudi Arabia India Mexico United

More information

WSDC 2010: THE DRAW ROUND ZERO. PROPOSITION versus OPPOSITION NIGERIA CYPRUS CROATIA BULGARIA LEBANON PALESTINE BOSNIA AND HERZEGOVINA RUSSIA

WSDC 2010: THE DRAW ROUND ZERO. PROPOSITION versus OPPOSITION NIGERIA CYPRUS CROATIA BULGARIA LEBANON PALESTINE BOSNIA AND HERZEGOVINA RUSSIA WSDC 2010: THE DRAW ROUND ZERO IMPROMPTU CYPRUS NIGERIA BULGARIA CROATIA LEBANON PALESTINE BOSNIA AND HERZEGOVINA RUSSIA ROUND ONE THAT WE SHOULD SUPPORT MILITARY INTERVENTION IN SOMALIA INDIA IRELAND

More information

Current Situation and Outlook of Asia and the Pacific

Current Situation and Outlook of Asia and the Pacific Current Situation and Outlook of Asia and the Pacific Dr. Aynul Hasan, Chief, DPS, MPDD Dr. M. Hussain Malik, Chief, MPAS, MPDD High-level Policy Dialogue Macroeconomic Policies for Sustainable and Resilient

More information

Social Development in Brazil

Social Development in Brazil Social Development in Brazil Ministry of Social Development and Fight against Hunger Brasília March, 2013 BRAZIL Population (est. 2010): 190 million people Area: 8.5 million km² Federal Republic: 26 states,

More information