scholarly journals The readiness of industry for a transformative recovery from COVID 19

2020 ◽  
Vol 3 ◽  
Author(s):  
Sam Fankhauser ◽  
Raphaela Kotsch ◽  
Sugandha Srivastav
Keyword(s):  
South Korea ◽  
Manufacturing Sector ◽  
East Asian ◽  
Low Carbon ◽  
Growth Opportunities ◽  
Comparative Advantages ◽  
Asian Economies ◽  
Zero Carbon ◽  
Industrialised Countries ◽  
East Asian Economies

Non-technical summary Many countries are committed to emerge from COVID 19 on a more sustainable environmental footing. Here we explore what such a structurally transformative recovery would mean for the manufacturing sector of 14 major economies. We find that all countries have zero-carbon growth opportunities post-COVID and comparative advantages in some sectors, but industrialised countries and the East Asian economies, especially South Korea, appear best positioned, thanks a push in low-carbon innovation that predates the pandemic.

scholarly journals East Asian Transportation

2019 ◽  
Author(s):  
Sergei Popov ◽  
Oleg Baldynov ◽  
Konstantin Korneev ◽  
Darya Maksakova
Keyword(s):  
East Asian ◽  
Energy Transition ◽  
Transportation Systems ◽  
Low Carbon ◽  
Road Transportation ◽  
Transportation Services ◽  
Asian Economies ◽  
Hydrogen Technologies ◽  
Hydrogen Infrastructure ◽  
East Asian Economies

The energy transition paradigm consists in a substitution of fossil energy for renewable resources, and low carbon transportation is one of the most important issues within this process. The oil century introduced modern mobility to society, and since then petroleum supply has been a key to control transportation services. Energy security and environment issues, as well as business perspectives of innovative technological chains implementation at national and international stage, are major drivers for decarbonisation of the transportation services for East Asian economies. Policy, institutions and technological patterns toward less carbon footprints of the transportation sector are overviewed in the article. The emphasis is done on hydrogen technologies applications, corresponding drivers and ambitions of industrialised East Asian economies to establish hydrogen infrastructure at national stage. The major factors for the hydrogen technologies and hydrogen infrastructure developments in China, Japan, the Republic of Korea and Taiwan are briefly discussed. The role of the road transportation systems in such development is highlighted. Current energy consumption for transportation is described, some official documents are reviewed, and a snapshot of recent development is provided for each of these economies.

The transition from relation-based to rule-based governance in East Asia

2019 ◽  
Vol 14 (1) ◽  
pp. 171-186 ◽  
Author(s):  
Shaomin Li ◽  
Seung Ho Park ◽  
Rosey Shuji Bao
Keyword(s):  
South Korea ◽  
East Asian ◽  
World Market ◽  
Asian Countries ◽  
Governance System ◽  
Rule Based ◽  
Content Type ◽  
Asian Economies ◽  
Substantial Progress ◽  
East Asian Economies

Purpose The purpose of this paper is to use the framework of rule-based and relation-based governance to examine the evolution of governance environment in the East Asian region including China, South Korea and Taiwan. Design/methodology/approach Both qualitative and quantitative evidences are presented to demonstrate the paths these East Asian countries take in their transitions from relation-based governance to rule-based governance. Based on the framework, this analysis sheds light on the debate on whether East Asian economies will eventually move away from relation-based governance to rule-based societies. Findings The authors find that relation-based governance has helped East Asian countries achieve rapid economic growth in the early stages of their development. However, as the scale and scope of East Asian economies expand, continuing to rely on it may hinder their further development and therefore these countries should adopt a rule-based governance system in order to be efficient and competitive in the world market. While South Korea and Taiwan have made substantial progress in this transition, China has just embarked on the process. Originality/value This paper is among the first to systematically review the theories and evidence of the transition and the challenges East Asian countries face during the process.

scholarly journals Are Family Firms More Levered? An Analysis of Family and Non-Family Firms

SAGE Open ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 215824402110223
Author(s):  
Jahanzaib Haider ◽  
Abdul Qayyum ◽  
Zalina Zainudin
Keyword(s):  
Family Firms ◽  
East Asian ◽  
Ordinary Least Squares ◽  
Maturity Structure ◽  
The Family ◽  
Asian Economies ◽  
The Board Of Directors ◽  
East Asian Economies ◽  
Combined Data

This study analyzes the leverage policies of the family and non-family firms of eight East Asian Economies (Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, and Taiwan) by using combined data of 690 family and non-family firms with 3,224 firm–years over the period 2006–2010. This study has used an ordinary least squares (OLS) regression for analyzing the data for the first question, while for the second question, logit regression has been used as the dependent variable (a binary variable). Prior research on family and non-family firms has revealed that family firms issue less (high) debt than non-family firms. Our analysis on a sample of East Asian Economies discloses that family firms have significantly different leverage levels than non-family firms, but their signs are not consistent. On the contrary, when the owner works as CEO/Chairman or member of the Board of Directors, then the family firms issue less debt than the non-family firms. Besides that, this study adds a new question that has not been addressed in the prior studies. The new question has focused on the speed of leverage adjustment. It is found that family firms and non-family firms regarding their debt maturity structure (short-term debt and long-term debt), the speed of leverage adjustments, and their decision to issue securities (i.e., debt vs. equity) are not significantly different. This study concluded that though family firms have a strong influence on each economy, but in South-East Asian countries, leverage policies of the family firms are not much different than that of non-family firms.

EXPLORING FAIR AND AMBITIOUS MITIGATION CONTRIBUTIONS OF ASIAN ECONOMIES FOR THE GLOBAL WARMING LIMIT UNDER THE PARIS AGREEMENT

2021 ◽  
Author(s):  
XINRU LI ◽  
XUEMEI JIANG ◽  
YAN XIA
Keyword(s):  
Developing Economies ◽  
Paris Agreement ◽  
Low Carbon ◽  
Developed Economies ◽  
Asian Economies ◽  
Zero Carbon ◽  
Nationally Determined Contributions ◽  
Emission Quotas ◽  
Per Capita ◽  
The Ideal

Focusing on the mitigation responsibilities and efforts, this paper provides a unified estimation of allowable emission quotas for a number of Asian economies to limit the global temperature rise well below 2°C based on a range of effort-sharing approaches. The study also explores the inconsistency between their planned emission pathways under the Nationally Determined Contributions (NDCs) and the allowable emissions to achieve the 2°C target. The results show that most of the Asian developing economies would be in favor of the Equal-Per-Capita and Grandfather criteria, for which they would obtain more allowable emissions quota. However, even with the most favorable criterion, official mitigation pledges represented by NDCs are far less enough for these developing Asian economies such as China, India, Vietnam, Thailand and Pakistan, as their emission pathways under NDCs significantly exceed the ideal pathways under all effort-sharing approaches. In contrast, most of the Asian developed economies have already planned reductions of annual CO2 emissions under NDCs, in line with their ideal pathways under the most favorable effort-sharing approach. However, their reductions of emissions require deep strengthening of deployment in low-carbon, zero-carbon and negative-carbon techniques, given the current growing trend of emissions for these economies.

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