COVID-19

Recent research

Publication type: Working paper

Title: Repositioning Indonesia in the post-COVID-19 global value chains

Author(s): Andree Surianta,Arianto A. Patunru

Excerpt:

As the Global Value Chains (GVC) struggle to restructure around COVID-19 transport restrictions and its economic fallout, Indonesia faces an uphill battle to restart its economy and stave off ballooning unemployment. With stagnant economic growth now turning into recession, President Joko “Jokowi” Widodo pushes for the biggest regulatory reform in recent history through the Omnibus Law on Job Creation.

Date of publication: 2021

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Publication type: Working paper

Title: The International Monetary Fund and capital flows

Author(s): Stephen Grenville

Excerpt:

Controls on international capital flows were a central issue for the International Monetary Fund at Bretton Woods in 1944. But by the 1970s, mainstream thinking was encouraging open capital flows. A succession of damaging crises followed: Latin America in the 1980s, Mexico again in 1994 and Asia in 1997. Fund policies were tweaked, but the causes were seen as being largely in the recipient countries. Capital controls were specifically rejected. Nevertheless, the Fund’s view began to shift, probably encouraged by the 2008 global financial crisis.

Date of publication: 2021

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Publication type: Working paper

Title: How effective is capital flow management? The Indonesian experience

Author(s): Wishnu Mahraddika

Excerpt:

This paper reviews capital flow management (CFM) policy in Indonesia and examines its effectiveness from 2000 to 2019. The methodology involves constructing a new capital flow management policy restrictiveness index (CFMIX) and examining impulse responses of these flows to CFMIX adjustments through structural vector auto-regression (SVAR) estimation. The index shows that the Indonesian CFM policy stance has been more accommodative of capital inflows and restrictive on outflows over time.

Date of publication: 2021

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Publication type: Working paper

Title: Rethinking Sri Lanka’s industrialisation strategy: Achievements, lost opportunities and prospects

Author(s): Prema-chandra Athukorala

Excerpt:

The purpose of this paper is to contribute to the contemporary policy debate in Sri Lanka on industrialization strategy by analysing policy regime shifts and their outcome in terms of export performance, growth and employment during the post-independence era. The analysis is guided by the received body of knowledge relating to the challenges faced by a small economy that takes world prices as given and is unable to affect world demand and supply in designing national industrialisation strategy in this era of economic globalization.

Date of publication: 2021

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Publication type: Policy

Title: New Indo-Pacific Partnership: Building Australia-Bangladesh Security Ties

Author(s): David Brewster

Excerpt:

As part of its Indo-Pacific strategy, Australia needs to broaden its engagement in South Asia.

For at least a decade, Australia has rightly concentrated on its partnership with India, but it is now time to broaden that strategy to include other countries in that region.

Bangladesh should be an important part of that new focus. With its thriving economy and a population of more than 160 million, it has the potential to become the next ‘Asian tiger’.

Date of publication: 2021

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Publication type: Policy

Title: Protecting Education Exports: Minimising the damage of China’s future economic coercion

Author(s): Dirk van der Kley,Benjamin Herscovitch

Excerpt:

Coercion against Australia’s education sector would significantly impact the nation’s prosperity.

Education is Australia’s only remaining export to China valued over $10 billion annually which is both reliant on China and which Beijing can target without significant self-harm.

And unlike many industries currently subject to China’s economic coercion, education is job-intensive and closely linked to Australia’s technological competitiveness.

Date of publication: 2021

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Publication type: Policy

Title: Australia as a Space Power: Combining Civil, Defence and Diplomatic Efforts

Author(s): Cassandra Steer

Excerpt:

Space is a critical strategic domain for Australia’s civilian and military interests but is increasingly congested, contested and competitive.

Major powers are engaged in a destabilising space arms race – China, Russia and the United States have rejected the strategic restraint that kept space a stable political and military domain.

As a ‘middle space power’, Australia has the capacity to encourage responsible behaviour in space.

Date of publication: 2021

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Publication type: Policy

Title: Senate inquiry into foreign policy research funding: submission from Head of NSC

Author(s): Professor Rory Medcalf

Excerpt:

In this submission to an Australian Senate inquiry, the Head of the National Security College, Professor Rory Medcalf, argues for foreign and security policy research to be a national priority, linked to clear requirements for national-interest relevance and collaboration between institutions. He asserts there is value both in the inputs of universities and think tanks, which each apply their own distinct standards of rigour.

Date of publication: 2021

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