COMPETITION LAW HARMONIZATION: WHAT ASEAN CAN LEARN FROM OTHERS?

This paper examines the difficulties of competition law harmonisation in ASEAN. Harmonisation is believed as the main tool to help ASEAN from legal friction and tension when it engaged cross-border trade within its region. The benefits of harmonisation are expected to help the member states to avoid negative impact of anti-competitive conducts. Nevertheless, there is a concern arising from such integration of competition law: differences of treatment and dissonant of legal culture.

Download Full-text

Market Design for Multilateral Trade of Electricity in ASEAN: A Survey of the Key Components and Feasibility

Asian Economic Papers ◽

10.1162/asep_a_00763 ◽

2020 ◽

Vol 19 (1) ◽

pp. 43-60

Author(s):

Yanfei Li ◽

Tsani Fauziah Rakhmah ◽

Junichi Wada

Keyword(s):

Electricity Market ◽

Market Design ◽

Power Grid ◽

Current Situation ◽

Member States ◽

Multilateral Trade ◽

Energy Cooperation ◽

Cross Border ◽

Border Trade ◽

Asean Countries

The member states of ASEAN have together identified a need to develop the ASEAN Power Grid and enable the multilateral cross-border trade of electricity in a coordinated manner within ASEAN. This has been set out in the ASEAN Plan of Action for Energy Cooperation (APAEC) 2016–25. Moving forward from the current situation, this paper reviews the key components and feasibility of establishing an interconnected and competitive multilateral electricity market within the ASEAN countries. An indicative roadmap is developed based on an in-depth survey of experts to profile an appropriate market design for the multilateral trade of electricity in the ASEAN.

Download Full-text

Impact of Cereals Production and Cross-border Trade on Food Security in Nigeria: A Time Series Analysis between 1986 and 2017

Journal of Economics Management and Trade ◽

10.9734/jemt/2019/v25i230189 ◽

2019 ◽

pp. 1-9

Author(s):

Fatima Abdullahi Shettima ◽

Saheed Zakaree ◽

Suleiman Sa’ad ◽

Yakaka Abdulhlahi Shettima

Keyword(s):

Time Series ◽

Food Security ◽

Negative Impact ◽

Policy Formulation ◽

Positive Sign ◽

Domestic Production ◽

Cross Border ◽

Border Trade ◽

Cereal Production ◽

The Impact

This study aims to examine the impact of cereals production and cross-border trade on food security in Nigeria between 1986 and 2017. The Autoregressive Distributed Lag (ARDL) econometric technique was employed to analyze the time series secondary data sourced from World Bank Development Indicators, 2017 in order to explain the relationship between food security and the cereal production and cross-border trade. The findings of this study reveal that both in short-run and long-run estimation of error correction model (ECM), cereal domestic production, cereal exports and cereal imports have significant impact on the food security. Accordingly, cereal domestic production and cereal imports have a positive sign, which implies that an increase in cereal domestic production and cereal imports influence food security. While, cereal exports have a negative sign, which suggest that Nigeria as a nation is experiencing deficit in cereal production and therefore, the little quantity produced and exported posit a treat to food security. Based on the findings of this study, it is therefore recommended that policy formulation such as government subsidies in the agricultural sector and any other intervention programmes that will encourage an increase in domestic cereal production as well as policy formulation that will not totally discourage cereal importation should be implemented since its impact on food security is positive. This can be achieved through trade liberalization. On one hand, in as much as cereal export have significant impact on food security; government should be mindful that policy formulation on cereal exports should take into consideration the level of domestic cereal production and consequently its negative impact on food security.

Download Full-text

Political aspects of security of the European Union Member States

10.31338/1641-2478pe.3.20.6 ◽

2020 ◽

pp. 97-105

Author(s):

Aleksandra Kusztykiewicz-Fedurek

Keyword(s):

European Union ◽

Negative Impact ◽

The European Union ◽

Member States ◽

Eu Member States ◽

Political Security ◽

New Institutions ◽

The Stability ◽

Key Aspects ◽

The Eu

Political security is very often considered through the prism of individual states. In the scholar literature in-depth analyses of this kind of security are rarely encountered in the context of international entities that these countries integrate. The purpose of this article is to draw attention to key aspects of political security in the European Union (EU) Member States. The EU as a supranational organisation, gathering Member States first, ensures the stability of the EU as a whole, and secondly, it ensures that Member States respect common values and principles. Additionally, the EU institutions focus on ensuring the proper functioning of the Eurozone (also called officially “euro area” in EU regulations). Actions that may have a negative impact on the level of the EU’s political security include the boycott of establishing new institutions conducive to the peaceful coexistence and development of states. These threats seem to have a significant impact on the situation in the EU in the face of the proposed (and not accepted by Member States not belonging to the Eurogroup) Eurozone reforms concerning, inter alia, appointment of the Minister of Economy and Finance and the creation of a new institution - the European Monetary Fund.

Download Full-text

On the Major Differences between the Banking Systems of the EAEU States

Economics and Management ◽

10.35854/1998-1627-2020-4-397-406 ◽

2020 ◽

Vol 26 (4) ◽

pp. 397-406

Author(s):

T. E. Chekanova

Keyword(s):

Financial Stability ◽

Systems Approach ◽

Negative Impact ◽

Banking Regulation ◽

Member States ◽

Banking Systems ◽

Significant Negative Impact ◽

The Difference ◽

The Government ◽

Major Factors

The presented study examines the problems of integration of the national banking systems of the member states of the Eurasian Economic Union (EAEU).Aim. The study aims to examine the major differences in various aspects of functioning of banking systems in the EAEU member states in terms of their impact on integration processes.Tasks. The author identifies the most prominent features of the banking systems of the EAEU states; reveals the depth of the existing differences through a comparative analysis of various indicators of national banking systems; outlines ways of overcoming integration problems associated with differences in the banking sectors of the Union states.Methods. This study is based on universal general scientific methods and elements of comparative, functional, and economic analysis within the framework of a systems approach. The author uses regulatory documents and banking reports of the EAEU states, statistical and analytical materials of the Eurasian Economic Commission (EEC), and data of Moody’s international rating agency.Results. The study identifies a number of aspects that contain the major differences in the functioning of banking systems in the EAEU member states; highlights the disproportions in the scale, level of development, financial stability, and risks of the banking spheres of the Union states; comparatively analyzes the proportion of banking and non-banking structures in the system and the share of the government and non-resident companies in the capital of banks; marks the difference in the pricing of banking services; determines differences in the existing approaches to banking regulation and the established standards; analyzes the major differences in the legislative acts of the central banks and governments of the EAEU member states and in the terms and definitions used. According to the results of the study, the major factors hindering the development of integration processes between the banking systems of the EAEU states are identified.Conclusions. The existing differences between the banking systems of the EAEU countries are diverse and multifaceted. The author states that the aspects addressed in this study have a significant negative impact on the further development of integration processes, describing the major directions and actions of the member states aimed at minimizing the exiting differences, which are required to facilitate the convergence of the states and the transition towards a common financial market.

Download Full-text