Recent research

Publication type: Published

Title: Matchmaking: establishment of state‐owned holding companies in Indonesia

Author(s): Kim, Kyunghoon

Excerpt:

Under the government of President Joko Widodo, Indonesia’s state‐owned enterprises (SOEs) have become the driver of the national development strategy. The current administration is actively using SOEs to conduct development projects based on the belief that SOEs are able to fix market failures and support the fiscally constrained government. In order to strengthen the role of SOEs, the Indonesian government is pursuing a medium‐term plan of creating sector‐based holding companies.

Date of publication: 2018

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Publication type: Published

Title: Insurance Plus Futures: agricultural commodity price reform in China

Author(s): Kenderdine, Tristan

Excerpt:

China’s agricultural support policies are moving towards market institutions through a quasi‐market transition. Ten years of direct minimum purchase price procurement on agricultural commodities resulted in overcapacity, oversupply, mixed‐market signals and grey‐market imports. The Insurance Plus Futures (保险 + 期货) policy pilot in agricultural price reform is a leading indicator of reform in China’s agricultural production and rural finance architecture. State procurement of staple crops is now ending, and an interim governance structure is in place for the transition to market prices.

Date of publication: 2018

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Publication type: Published

Title: 'Japan is back': autonomy and balancing amidst an unstable China–U.S.–Japan triangle

Author(s): Fatton, Lionel P.

Excerpt:

Japan’s security policy has changed dramatically in recent years. The country balances harder against China, and its armed forces are increasingly autonomous from their American counterparts. What explains Japan’s growing autonomy and balancing tendency after decades of relative apathy? I argue that this new strategic orientation results from unprecedented doubts about the effectiveness of its traditional security policy amidst an unstable China–U.S.–Japan triangular relationship. Tokyo is increasingly uncertain about American security commitments in the face of a more assertive China.

Date of publication: 2018

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Publication type: Published

Title: Capitalist maturity and South Korea's post‐development conundrum

Author(s): D'Costa Anthony P.

Excerpt:

South Korea’s post World War II economic development trajectory is well known. From an impoverished warn‐torn nation, the country has progressed on all fronts. However, the objective is to focus on the “post‐development” question, namely, what does a country do after it becomes prosperous. To put it another way, what are some of the emergent challenges that successful development poses for Korea, and how might it tackle them. I use the concept of capitalist maturity to denote Korea’s current state of prosperity and examine some of the economic, social, and political consequences.

Date of publication: 2018

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Publication type: Early release

Title: Privacy concerns in China's smart city campaign: the deficit of China's Cybersecurity Law

Author(s): Yang, Fan and Xu, Jian

Excerpt:

Many cities around the world are increasingly embedding technological infrastructure in urban spaces. These infrastructures aim to collect vast amounts of data from citizens with an apparent purpose of improving public services. This article discusses privacy concerns generated by China’s nationwide smart city campaign and further investigates why China’s latest Cybersecurity Law is not adequate to address the risks to citizens’ privacy.

Date of publication: 2018

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Publication type: Early release

Title: Linking “adaptive efficiency” with the basic market functions: a new analytical perspective for institution and policy analysis

Author(s): Song, Ligang and Simpson, Chérie

Excerpt:

This conceptual paper develops a new perspective linking the concept of “adaptive efficiency” with the allocative, discovery and creative functions of the market from an institutional perspective. The efficacy of the adaptive efficiency of market functions in improving economic performance is proposed to be measured by changes in transaction costs.

Date of publication: 2018

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Publication type: Early release

Title: Reforming the Eastern Australian gas market

Author(s): Shi, Xunpeng and Grafton, R. Quentin

Excerpt:

We analyse the deficiencies behind the Eastern Australian gas market by applying a framework proposed by the International Energy Agency. We show that this gas market has structural weaknesses that include inadequate supplies at hubs; limited pipeline capacity; predominance of long‐term gas supply contracts; deficiencies in design; and difficulties with third party access. We provide five policy actions to help remedy these deficiencies and to help establish a functional gas market.

Date of publication: 2018

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Publication type: Early release

Title: Bumping, precedents, and de‐escalation in South China Sea: options for the United States and China

Author(s): Vuković, Siniša and Alfieri, Riccardo

Excerpt:

The article departs from a much needed clarification about the 2 overlapping conflicts in South China Sea: sovereignty dispute between China and ASEAN countries, and freedom of navigation dispute between China and the United States. Although both are well documented and covered by an extensive range of academic and policy‐relevant analyses, the lines between the 2 have often been blurred, yielding a very limited set of options for proper conflict management. This paper looks at the actual reasons behind Chinese defiance toward the United States, and how can this be reversed.

Date of publication: 2018

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