Social and Behavioral Sciences Commons^™

New Investment Rulemaking In Asia: Between Regionalism And Domestication, Pasha L. Hsieh

Research Collection Yong Pung How School Of Law

The article analyses investment rulemaking in new Asian regionalism in the context of evolving national legislation and regional trade strategies. It argues that the Association of Southeast Asian Nations (ASEAN) and the Regional Comprehensive Economic Partnership (RCEP) represent Asia's pragmatic incrementalism in reforming the investment regime. The process reinforces the relationship between international economic law and domestic investment laws. In tandem with transforming international investment agreements, ASEAN expedited investment and services trade, and established the modern investor–state dispute settlement (ISDS) mechanism. The RCEP further buttresses the ASEAN centrality in regional frameworks by consolidating ASEAN Plus One agreements. Yet, the RCEP's …

Agriculture And Sustainable Farming In Vietnam, Minh Hoan Le

Asian Management Insights

Le Minh Hoan, Minister of Agriculture and Rural Development of Vietnam, talks about the future of sustainable agriculture in ASEAN.

Singapore: Treading Carefully Between Jostling Great Powers, Singapore Management University

Perspectives@SMU

The island state’s unique understanding of Western and East Asian cultures makes it an ideal interpreter between the U.S. and China, says SMU Chairman Ho Kwon Ping

Mapping Sustainable Development In Investment Treaties: An Analysis Of Asean States' Practice, Mark Mclaughlin

Research Collection Yong Pung How School Of Law

The interaction between sustainable development and international investment treaties is of growing concern. Could investment protection stymie health regulation? Will States be sued for introducing measures to tackle climate change? A growing body of sustainability-related case law is evidence that arbitral tribunals balance investment obligations against States’ ability to regulate for national security, health, the environment, labour rights, transparency, and corporate social responsibility. Against this background, this paper maps sustainable development issues in 371 bilateral investment treaties (hereinafter “BITs”) concluded by the Association of Southeast Asian Nations (ASEAN) States. It finds that only 26% of these treaties make any reference …

Climate Change And Sustainability In Asean Countries, David K. Ding, Sarah E. Beh

Research Collection Lee Kong Chian School Of Business

The ASEAN region is one of the most susceptible regions to climate change, with three of its countries—Myanmar, the Philippines, and Thailand—among those that have suffered the greatest fatalities and economic losses because of climate-related disasters. This paper reveals that the ASEAN’s environmental performance is sorely lagging other regions despite evidence of its cohesive and comprehensive efforts to mitigate emissions and build up adaptive capacity to climate-related disasters. Within the ASEAN, there exist gaps in environmental performance between each country. This suggests that increased cooperation between individual ASEAN countries is pertinent for the region to collectively combat climate change. In …

Cultural Diplomacy And Co-Operation In Asean: The Role Of Arts And Culture Festivals, David Ocon

Research Collection School of Social Sciences

Beyond their traditional role as entertainment, form of expression and meeting spaces within local communities, arts and culture festivals can perform various functions. They can serve as showcases of artistic pride, signal openness towards cultural diversity, support the local economy, contribute to reducing political tension and provide grounds to consolidate international relationships. On occasion, such festivals function as tools to support the vision of a multilateral co-operation institution, as is the case of the Association of Southeast Asian Nations (ASEAN). Through a comprehensive review of the arts and culture festivals curated in ASEAN, this article investigates the festivals’ ulterior motivations. …

Circuits Broken, Remade, And Newly Forged: Tracing Southeast Asia's Foreign Relations After The Vietnam War, Wen-Qing Ngoei

Research Collection School of Social Sciences

This article (2021) in Diplomatic History's pandemic feature examines how the principles and consequences of Singapore's "circuit breaker" policy offers a conceptual framework for studying the history of Southeast Asia's foreign relations in the 1970s to 1990s. With this approach, the essay considers how a study of Southeast Asia's culture-makers (artists, writers, dramatists), their works and transnational circuits, may open a productive inquiry into a diverse array of regionalisms that compete and complement ASEAN.

Financial Technology And Inclusion In Asean, David Fernandez, Marc Rakotomalala

Research Collection Lee Kong Chian School Of Business

Financial technology (FinTech) has the potential to be a positive, game-changing force for boosting financial inclusion in ASEAN, as mobile money and greater access to basic financial services have the capacity to improve the economic well-being of households. Indeed, technology has been shown to drive broader increases in economic growth, which itself interacts positively with financial inclusion. In a more direct way, new, specific fintech developments globally and in ASEAN itself can be beneficial for financial inclusion. In this paper, we look at financial inclusion and technology, and how cooperative efforts between ASEAN policymakers, the private sector, and their broader …

Green Bonds For Financing Renewable Energy And Energy Efficiency In South-East Asia: A Review Of Policies, Dina Azhgaliyeva, Anant Kapoor, Yang Liu

Research Collection Lee Kong Chian School Of Business

Mobilizing private finance for renewable energy and energy efficiency is critical for Association of South-East Asian Nations (ASEAN) not only for the reduction of global temperature rise but also for meeting fast-growing energy demand. Two-thirds of green bonds issued in ASEAN were used to finance renewable energy and energy efficiency projects. This paper provides a review of green bond issuance and green bond policies in ASEAN. Issuance of green bonds in top three green bond issuing countries in ASEAN, i.e. Indonesia, Malaysia and Singapore, are reviewed in detail. Green bond policies in ASEAN are effective in promoting green bond issuance. …

Tackling Regional Climate Change Impacts And Food Security Issues: A Critical Analysis Across Asean, Pif, And Saarc, Md. Saidul Islam, Edson Kieu

Research Collection Lee Kong Chian School Of Business

Climate change and food security issues are multi-faceted and transcend across national boundaries. Therefore, this paper begins with the premise that regional organizations are optimally positioned to address climate change and food security issues while actively engaging global partners to slow down or reverse current trajectories. However, the potential of regional organizations to play a central role in mitigating these vital concerns has not been realized. In this paper, we focus on three regional organizations—the Association of Southeast Asian Nations (ASEAN), the Pacific Islands Forum (PIF), and the South Asian Association for Regional Cooperation (SAARC) and set out to investigate …

The World In 2020, Simon Baptist

Library Events

Simon Baptist, the Chief Economist from The Economist Intelligence Unit, shared the global economic outlook in 2020:

• The outlook for the global economy and prospects for ASEAN in 2020
• The key risks, how they might play out, and what these scenarios mean
• The impact on the business environment

Introduction: Understanding The Transformational Power Of China's Belt And Road Initiative, Yue Wah Chay, Thomas Menkhoff

Research Collection Lee Kong Chian School Of Business

This book features several introductory readings about the “Belt and Road Initiative” (BRI), a strategic development initiative launched by the Chinese Government under the leadership of President Xi Jinping in 2013 to jointly build an economic belt along the Silk Road. Some of the key objectives of BRI, previously known as One Belt, One Road (OBOR) or Silk Road Economic Belt, include promoting infrastructure development, trade and investments in Asia, Europe and Africa. BRI is a gigantic development initiative whose key components include the creation of several interconnected economic land corridors (=belts): China–Mongolia–Russia; China–Central Asia– West Asia, China–Pakistan, the China–Indochina …

There And Back Again: What The Cold War For Southeast Asia Can Teach Us About Sino-Us Competition In The Region Today, Wen-Qing Ngoei

Research Collection School of Social Sciences

Expert commentary today typically focuses on the agendas and actions of the two big powers, the United States and China, which misses the bigger picture. During the Cold War, leaders of ASEAN (Association of Southeast Asian Nations) played a critical role in containing Chinese influence, shaping the terms of Sino-U.S. competition and rapprochement, and deepening the U.S. presence in Southeast Asia. The legacy of ASEAN’s foreign relations during and since the Cold War militates against the popular notion that Chinese hegemony in Asia is inevitable.

The Impact Of Fintech Innovations And Financial Standards On Bank Performance: Evidence From Selected Commercial Banks In Asean, Kiyono Hasaka

Dissertations and Theses Collection (Open Access)

In the rapidly evolving financial
technology (fintech) landscape, there has been an increase in the number of the
industry research papers and articles on fintech adoption and innovations. However,
there are relatively few empirical studies that provide a quantitative analysis
of the effects of fintech and financial standards on bank performance using
financial indicators. This dissertation attempts to fill this research gap by
identifying and analysing the impact of commercial banks’ adoption of mobile
banking technologies on bank financial performance in five countries that adopted
financial standards in the Association of Southeast Asian Nations (ASEAN). Using
the longitudinal panel data …

The Impact Of Double Tax Treaties On Inward Fdi In Asean Countries, Yue Dong

Research Collection School Of Accountancy

This study aims to assess the impact of double taxation treaties (DTT) on FDI inflows in 10 ASEAN countries from 1989 to 2016. There are two objectives of double taxation treaties. The first one is to alleviate the problem of global double taxation, which has a stimulating effect on FDI. The second objective is the sharing of information between governments, which can prevent tax evasion and thus discourage FDI. The findings suggest that new DTTs in ASEAN have a positive but insignificant impact on the FDI inflows into the region. However, the impact of old DTTs on FDI is significantly …

Quest For Relevance: Whither The Asean Charter In Shaping A Shared Regional Identity And Values, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

Promulgated in 2007, the Charter of the Association of Southeast Asian Nations (ASEAN) reaffirms ASEAN’s longstanding policy of non-interference in member-states’ internal affairs and the retention of consultation and consensus as fundamental tenets of decision-making in ASEAN. This essay considers the role of soft law in the interpretation and development of the ASEAN Charter. It also considers whether the Charter will help ASEAN achieve integration as well as promote democracy, human rights and development in an immensely diverse region comprising half a billion people. The essay argues that although the Charter is a binding legal instrument, the text enables a …

Against Populist Isolationism: New Asian Regionalism And Global South Powers In International Economic Law, Pasha L. Hsieh

Research Collection Yong Pung How School Of Law

This article provides the most up-to-date examination of the Regional Comprehensive Economic Partnership (RCEP), which is poised to become the world’s largest free trade agreement (FTA). It argues that the 16-country mega-FTA will galvanize the paradigm shift in Asian regionalism and build a normative foundation for the Global South in international economic law. Based on intertwined theoretical and substantive claims, this article opens an inquiry into the assertive legalism of developing nations in the new regional economic order. It further manifests the pivotal force of emerging economies against populist isolationism in the Trump era that undermines the neoliberal foundation of …

Review Of Ang Cheng Guan, Southeast Asia’S Cold War: An Interpretative History, Wen-Qing (Wei Wenqing) Ngoei

Research Collection School of Social Sciences

Ang Cheng Guan’s Southeast Asia’s Cold War: An Interpretive History makes a welcome scholarly contribution to the field. As he rightly points out in the introduction to his book, the “voluminous” literature concerned with the Cold War in Southeast Asia has too long centered on the United States, European decolonisation, and/or the Sino-Soviet competition for Hanoi’s loyalty.

Reassessing The Trade-Development Nexus In International Economic Law: The Paradigm Shift In Asia-Pacific Regionalism, Pasha L. Hsieh

Research Collection Yong Pung How School Of Law

This article reassesses the trade-development nexus in international economic law and provides the first examination of the approach to realize the United Nations Sustainable Development Goals through regional integration. It argues that the emerging New Regional Economic Order in the multi-polar system will fortify the coalition of the developing countries in structuring the legalization of pro-development trade policy. For decades, the misconceived concept of special and differential treatment has ignored the reality of the North-South Grand Bargain and disconnected the World Trade Organization from its development objectives. The development crisis of the Doha Round requires a feasible “Plan B” for …

A Wide Anticommunist Arc: Britain, Asean, And Nixon's Triangular Diplomacy, Wen-Qing Ngoei

Research Collection School of Social Sciences

President Richard Nixon’s triangular diplomacy succeeded because a “wide anticommunist arc” of U.S. allies in Southeast Asia had confined the influence of both China and the USSR to the Indochinese states. Beijing and Moscow welcomed détente with Washington in order to accommodate to de facto U.S. hegemony in the region.

George Yeo [Singapore, Minister Of Foreign Affairs], George Yeo

Digital Narratives of Asia

George Yeo, former Minister of Foreign Affairs who became a business leader, speaks to DNA about his philosophical Taoist worldview, the impact of the rise of China, and the challenges facing ASEAN at its 50th year. He talks on how the soft power of ASEAN's policy of non-interference has yield some successes.

Improving Connectivity Between Asean's Legal Systems To Address Commercial Issues, Locknie Hsu, Pearlie M. C. Koh, Man Yip

Research Collection Yong Pung How School Of Law

This interim report on legal barriers to doing business in ASEAN coincides with the 50th Anniversary of ASEAN’s founding and the first year of the ASEAN Economic Community (AEC). The team is privileged to be supported by, among others, the Canada-ASEAN Business Council (CABC), given that it is also the 40th anniversary of dialogue relations between Canada and ASEAN.

Despite occasional misgivings about the “ASEAN Way”, ASEAN economic integration has come a very long way. The number of member States has grown over the 50 years since ASEAN’s founding, and the joint efforts among these States driving economic growth and …

Cross Border Public Offering Of Securities In Fostering An Integrated Asean Securities Market: The Experiences Of Singapore, Malaysia And Thailand, Wai Yee Wan

Research Collection Yong Pung How School Of Law

In 2015, the Association of South-East Asian Nations (ASEAN) Economic Community was formally established and its aim was to achieve, among other things, an integrated securities market within ASEAN.

Before the formal establishment of the ASEAN Economic Community, in 2009, with a view towards achieving the objective of securities integration, Singapore, Malaysia and Thailand adopted the ASEAN Disclosure Standards, a set of harmonized disclosure standards for issuers making cross-border initial public offerings (IPOs). These participating Member States also entered into a framework for the expedited review for cross-listings. However, more than 5 years later, there is no documented use of …

Vu Khoan [Vietnam, Deputy Prime Minister], Vu Khoan

Digital Narratives of Asia

Vu Khoan, former Deputy Prime Minister for Vietnam, shares with DNA how he joined the foreign services, and then took charge of economic reform, where every assignment was a challenge that caused him to grow. He led Vietnam from political isolation to normalizing her international relations, especially with ASEAN countries. Interview and transcript in English and Vietnamese.

Ajit Singh [Malyasia, Asean Secretary-General, Diplomat], Ajit Singh

Digital Narratives of Asia

After thirty years as a career diplomat, Malaysia's first ASEAN Secretary-General Ajit Singh, sees his five-year term as the most productive, golden years of his life. He speaks to DNA about the challenges he faced with admitting Myanmar to ASEAN, and the visionary ASEAN leadership. He also expounds on the differences in impacts of work between an ambassador and a bureaucrat.

New Skills At Work: Managing Skills Challenges In Asean-5, Kim Song Tan, James T. H. Tang

Research Collection School Of Economics

The dynamic economies of Singapore, Malaysia, Thailand, Indonesia and the Philippines (ASEAN-5) boasts a growth rate of close to 5% a year despite the sluggish global economy. However, whether ASEAN-5 can grow to be significant players in the global economy will depend critically on their abilities to train workers with relevant job skills required by growth-driving industries. This challenge requires governments and employers to work together and develop coherent policies and targeted incentive structures for workers to acquire general and job-specific skills. The report Managing Skills Challenges in ASEAN-5 provides insights and recommendations on how the ASEAN-5 countries can respond …

Legitimacy Of Taiwan’S Trade Negotiations With China: Demystifying Political Challenges, Pasha L. Hsieh

Research Collection Yong Pung How School Of Law

The article analyzes Taiwan’s legitimacy debate over trade negotiations with China. The theoretical concept of legitimacy is used to assess Taiwan’s cross-straits negotiation mechanism and trade agreements. This article argues that Taiwan’s current legal framework governing congressional supervision of cross-straits agreements falls short of procedural legitimacy and performance legitimacy. By explaining the constitutional design for Taiwan’s “white glove” mechanism, the article explores the initial procedural legitimacy deficit. As cross-straits negotiations involve increasingly substantive obligations, the legitimacy of bilateral agreements has changed fundamentally. The massive protest in the Sunflower Movement due to the Services Trade Agreement reinforced legitimacy concerns. Taiwan’s ambiguous …

Ong Keng Yong [Singapore, Ministry Of Foreign Affairs, Civil Service], Keng Yong Ong

Digital Narratives of Asia

Ong Keng Yong, a law graduate who worked in MFA (Ministry of Foreign Affairs) specialising in Middle East, recalls his initial years working under S. Rajaratnam, and SR Nathan. Having served as the Secretary General of ASEAN, he shares with DNA the strategic contributions of ASEAN (Association of Southeast Asian Nations) and AEC (ASEAN Economic Community) to Singapore, highlighting the uniqueness of ASEAN socialisation at the leadership level.

E-Finance In Asean, David Kuo Chuen Lee

Research Collection Lee Kong Chian School Of Business

No abstract provided.

Liberalizing Trade In Legal Services Under Asia-Pacific Ftas: The Asean Case, Pasha L. Hsieh

Research Collection Yong Pung How School Of Law

The article examines the liberalization of trade in legal services in the Association of the Southeast Asian Nations (ASEAN) and its reform prospects to meet the challenges of multi-jurisdictional practice. It argues that while the ten-country bloc pledges to progressively liberalize the legal sector, ASEAN commitments under free trade agreements (FTAs) constitute merely ‘paper commitments’. To achieve the goal of the ASEAN Economic Community to form a single market and production base, a feasible, incremental roadmap is imperative to integrate the legal services market. The article first analyzes the economic impact of foreign law firms on ASEAN’s legal capacity building …