Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy

Since the inception of the US-Singapore FTA in 2004, #Singapore has become the second-largest trade surplus partner of the United States, with the US exporting $15 billion more in goods and $24 billion more in services to Singapore than it imports from Singapore. Notably, Singapore leads the Asia-Pacific region with a 15.3 percentage point increase in its services share of US exports. This shift towards higher-value professional services, facilitated by robust intellectual property protections and a comprehensive dispute settlement framework under the US-Singapore FTA, reflects deeper economic collaboration and underscores Singapore’s role as a critical hub for global services trade. More details are available in our #ChartoftheWeek on ACI Perspectives: https://lnkd.in/gpccTqFe By Miranda LU #NUSResearch #lkyspp #USSFTA #ServicesTrade #TradeTrends Lee Kuan Yew School of Public Policy

#EnergyTransition is critical for #ASEAN countries to achieve sustainable growth. ASEAN and its member states have spent substantial policy efforts on energy transition featuring renewable energy adoption, energy efficiency improvement and the development of clean-tech industries such as #EV, #BESS, and #solar panels. However, insufficient investment remains a fundamental challenge for regional countries to further energy transition. Unlock new insights with our ACI Perspectives: https://lnkd.in/gU5kJxug By Yijia (Joey) Huang Huawei: Luo Chuan (Nate) INDEF (Institute for Development of Economics and Finance): Dhenny Yuartha Junifta Lee Kuan Yew School of Public Policy: Xin Yi, Kway Guan Tan, Yijia (Joey) Huang #NUS #lkyspp #Renewable #CleanTech

#Asia accounts for half of the top 10 countries in blockchain innovation, including China, South Korea, India, Japan, and Singapore, according to an ACI research study using patent-level data. These Asian countries primarily develop blockchain applications for control systems, medical sectors, and transportation. The 2017 cryptocurrency price surge, along with lenient regulatory environments, has been found to catalyse blockchain innovation. Discover more insights in our #researchfeature on ACI Perspectives: https://lnkd.in/g-DXk-Cq Research by: Yixuan G., Ammu George, Taojun Xie, Bowen Yan Blog article by: Ni (Scarlet) Xu #NUSResearch #lkyspp #Blockchain #Innovation #Cryptocurrency #RegulatoryImpact #Bitcoin #EmergingTechnologies Lee Kuan Yew School of Public Policy

The #ASEAN region saw an influx of US$90 billion in #FDI into #green sectors in the past decade – almost US$40 billion more than what India and #China received during this period. However, trade and FDI statistics show ASEAN’s clean sectors remain small. Until the wide diffusion and adoption of green tech throughout the region to transform the “dirty” sectors, the hope for green growth might remain an inflated one. Check out the full op-ed published in The Business Times for more details: https://lnkd.in/d7z8Gy3A By Jingting Liu, Ulrike Sengstschmid, Bowen Yan and Hang Banh Source: The Business Times #NUS #lkyspp #GreenGrowth #Cleantech #Sustainability #Innovation #GreenEconomy #COP29 Lee Kuan Yew School of Public Policy

Over 55% of Vietnam’s #FDI comes from Korea, Japan, Taiwan, Hong Kong, and China, with Singapore emerging as the top contributor since 2020. However, as discussed in our recent webinar with ISEAS-Yusof Ishak Institute, Singapore might serve as a gateway for multinational capital. Check out the full story in our #ChartoftheWeek on ACI Perspectives: https://lnkd.in/gfbrdjfu This week's chart was also featured in The Business Times article: https://lnkd.in/gNd9Gumu By Hang B. #NUSResearch #lkyspp #Investment #Vietnam #Korea #Singapore #China Lee Kuan Yew School of Public Policy

On 24-25 October, 2024, the International Conference on Innovation and Development (#VIID) took place in Hanoi, bringing together global academics, industry leaders, and policymakers under the theme “Fostering Regional Dynamics for Sustainable Development Amid Global Challenges.” Co-organized by Foreign Trade University, SolBridge International School of Business, and the Asia Competitiveness Institute, this event showcased cutting-edge research and fostered collaboration across fields. Check out more details in our ACI Perspectives: https://lnkd.in/gwjAYGit By Hang B. Lee Kuan Yew School of Public Policy Foreign Trade University SolBridge International School of Business #NUS #lkyspp #SustainableDevelopment #Innovation #Integration #Hanoi #Conference

What does the market think about the future direction of #US interest rate changes post-US election? More are leaning toward a slower pace of Fed Funds rate cuts amid anticipated higher inflation. Explore more in our #ChartoftheWeek on ACI Perspectives: https://lnkd.in/gWJVyfj6 By Jingting Liu #NUSResearch #lkyspp #Trump #InterestRate #Inflation #Economy #Outlook Lee Kuan Yew School of Public Policy

The #ASEAN region has registered staggering economic growth and trade numbers in recent times but may be doing so at the cost of its environment, being one of the most affected by the damages of climate change. The region is a net exporter of emissions to the world – emissions embodied in exports and imports have risen remarkably over time, with #Vietnam being a significant contributor, owing to its role as a vital production and exporting hub in ASEAN. While ‘green clauses’ in trade agreements have had limited success, green economy agreements (#GEAs) are a promising alternative; the Singapore-Australia GEA (#SAGEA) contains takeaways that ASEAN countries can incorporate in potential future GEAs, moving closer to aligning economic growth and environmental protection. Read the full article in our #researchfeature on ACI Perspectives: https://lnkd.in/gwx2kJqj Research by: Ammu George, Ulrike Sengstschmid, Taojun Xie Blog article by: Akshaya Balaji #NUSResearch #lkyspp #Singapore-Australia #GreenTrade #Emissions #NetZero #ClimateChange Lee Kuan Yew School of Public Policy

Maritime ports and shipping are fundamental to the economy of archipelagic #Indonesia as the mode by which goods are moved across the country and exported. West Kalimantan as the location of the new strategic Kijin International Port is intended to play a key role in the next stage of Indonesia’s development. ACI presented quantitative studies to examine the landscape of shipping routes in Indonesia and the key issues hindering West Kalimantan’s development. Discover fresh insights on our ACI Perspectives: https://lnkd.in/ghVuCKBQ By Kway Guan Tan Helma Malini, Kway Guan Tan, Hilda Kurniawati, Miranda LU Lee Kuan Yew School of Public Policy, Universitas Tanjungpura, Pelindo Multi Terminal #NUS #lkyspp #SupplyChains #Logistics #Trade #Economics

Despite achieving 92% #TariffReductions, #RCEP still lags in tariff elimination rates compared to agreements like ACFTA and ATIGA. This gap highlights the potential for further advancements that could strengthen trade among ASEAN members and their dialogue partners. Find out more in our #ChartoftheWeek on ACI Perspectives: https://lnkd.in/gcKjYZQA By Ni (Scarlet) Xu #NUSResearch #lkyspp #ASEAN #TradeAgreements #RegionalIntegration #TradePolicy #GlobalTrade #TradeFacilitation Lee Kuan Yew School of Public Policy