• Title/Summary/Keyword: Asia-Pacific Region

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The Index of Asia-Pacific Regional Integration Effort

  • Ye, Victor Yifan;Mikic, Mia
    • East Asian Economic Review
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    • v.20 no.2
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    • pp.129-168
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    • 2016
  • The Asia-Pacific region is not typically seen as one geographic or socio-economic space. Yet, 58 regional economies occupying the space of 28 million square kilometers from Turkey in the West, Russian Federation in the North, French Polynesia in the East and New Zealand in the South belong to the Economic and Social Commission of Asia and the Pacific (ESCAP). This commission provides a forum for member states that "promotes regional cooperation and collective action, assisting countries in building and sustaining shared economic growth and social equity". In 2013, ESCAP's members adopted the Bangkok Declaration to enhance efforts towards deeper regional economic integration. Yet this document neither proposes a concrete modality or modalities of achieving deeper integration, nor provides a sense of distance of individual countries to a "perceived" integrated Asia-Pacific.This paper aims to comprehensively quantify recent integration efforts of economies in the Asia-Pacific region. We provide an "index of integration effort" based on twelve metrics that measure the relative distance of a given economy to the region as an economic entity. Generally, we find that while the region has trended towards becoming integrated in general, both the level of integration and integration effort are inconsistent among Asia-Pacific economies. We discuss potential applications and extensions of the index in developing our perspective of the region's economic and social dynamics.

A Study on Volatility Management of the Smart-beta Portfolio: Focus on Asia-Pacific Stock Market (스마트-베타 포트폴리오의 변동성관리에 관한 연구: 아시아-태평양 지역 주식시장을 중심으로)

  • Liu, Won-Suk
    • Asia-Pacific Journal of Business
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    • v.10 no.3
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    • pp.37-51
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    • 2019
  • In this paper, we investigate the performance of anomaly factors in Asia-Pacific Stock market and show the higher Sharpe ratio of the volatility managed smart beta portfolio. The smart beta portfolio combines the benefit of passive strategy and active strategy. However, the smart beta portfolios are seems to be exposed to the risk of anomaly factors from the perspective of traditional financial equilibrium model. Therefore, the smart beta strategy may generate negatively skewed returns unappealing to investors having lower risk tolerance. Our empirical investigations find that the return of the Asia-Pacific region stock market is more volatile than other regions with the lower efficiency ratio. However, the value factor and the momentum factor of Asia-Pacific region both show good performances. More interestingly, we also find that managing the volatility of the momentum factor in Asia-Pacific stock market almost doubles the efficiency ratio.

Development of Eco-Efficient Water Infrastructure Strategy in the Asia Pacific Region

  • Park, Ji-Seon;Jung, Hye-Yoon;Kang, Boo-Sik;Lee, Joo-Heon;Lee, Seung-Ho
    • Proceedings of the Korea Water Resources Association Conference
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    • 2010.05a
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    • pp.115-120
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    • 2010
  • This study suggests 'Eco-Efficient Water Infrastructure' as a breakthrough to the economically and ecologically challenged region; the Asia-Pacific. The study conceptualizes eco-efficient water infrastructure based on the understanding of eco-efficiency and variety of indicators for eco-efficient water infrastructure. Further, the guidelines for establishing national strategies for eco-efficient water infrastructure is introduced.

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Analysis on Major Issues relating to Asia Pacific Summit on Information Society (정보화 사회에 관한 아ㆍ태 각료회의의 주요 동향 고찰)

  • 김영태;박종봉;박기식
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2001.05a
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    • pp.567-570
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    • 2001
  • In the Asia Pacific Summit on Information Society in Tokyo, Ministers for information and communications of member countries of the APT(Asia Pacific Telecommunity) shared the view that it is necessary to take initiatives to unite efforts of all concerned and to tackle In(Information and Communication Technology)-related issues, so that a sound information-based society is established which respects the diversity of the Asia Pacific Region. At that meeting, Ministers adopted the Declaration and Action Plan for the Asia Pacific Renaissance through ICT. Thus, this paper focuses on analysis of the major issues regarding Declaration and Action Plan for the Asia Pacific Renaissance. In addition, this paper introduces the APT's following actions to implement the Declaration and Action Plan for Asia Pacific region.

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Emerging Geopolitical Landscape in the Asia-Pacific Region and the Necessity of ROK-Japan-US Maritime Cooperation (새로운 아태지역 지정학 구도와 한미일 해양협력 과제)

  • Park, Young-June
    • Strategy21
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    • s.36
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    • pp.94-120
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    • 2015
  • The Asia-Pacific Region has emerged as a arena of geopolitical competition between the U.S. and China. The Obama administration of the U.S. had laid out the concept of rebalancing strategy toward the region, concentrating its 60 percent of Naval Forces to the region till 2020 and consolidating its network of allies and partners. Whereas Chinese leader Xi Jinping also put forward the concept of new type of major power relations concerning its relations with the U.S. and a concept of 'the Asian Community of Common Destiny' aiming at a more intensified mutual relation among countries in the region. In doing so, Asia-Pacific region gradually became the arena where mutual competition and cooperation between the U.S. and China has crossfired. As a close ally to the U.S. and a partner to Japan, South Korea should develop trilateral naval cooperation by holding joint naval drill with the aim of humanitarian support and disaster relief. At the same time, Seoul also should make efforts to proceed mutual confidence building with Beijing by deepening military-to-military cooperation. These policy options will be helpful to enhance Seoul's security posture in the region.

A Study on Designing an Education Cooperation Model for HRD in Asia-Pacific Region: Focusing on Education Project of APEC

  • JANG, Hwan Young;YEON, Kyung Sim
    • Educational Technology International
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    • v.21 no.1
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    • pp.31-67
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    • 2020
  • The purpose of this study was to propose an education cooperation model for Human Resources Development (HRD) in Asia-Pacific region in response to environmental changes in business and industry. In order to carry out the model, this study reviewed the key features of human resources in the APEC which is a symbolic regional integration entity in Asia-Pacific region, shaped critical issues related with HRD in this region and then analyzed the trends of education cooperation projects conducted by the APEC in terms of topics, implementation methods and proposing economies of the projects. In result, this study proposed a triangular education cooperation model for HRD consisting of three elements: Voluntary Partnership, Information on Needs and Support for Cooperation. These interconnected and interdependent elements were designed to encourage actors to participate in education cooperative activities with their own willingness, produce and manage research-based information required for sustainable cooperation and support communication and connectivity among actors for effective activities. Also, this study expected that this model would make a commitment to narrowing educational divides, enhancing global-standard skills development, facilitating public and private partnership and organizing the foundation of future education for cultivating creative talents in the era of innovation for APEC members.

Bonds that Bind Shared Historical and Sociocultural Characteristics of Southeast Asia

  • Gin, OOI Keat
    • SUVANNABHUMI
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    • v.11 no.1
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    • pp.71-100
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    • 2019
  • The region between mainland China on the east and the Indian sub-continent on the west is referred to as Southeast Asia since the conclusion of the Pacific War (1941-1945). As a region, Southeast Asia appears as a hodgepodge of disparity and diversity, but a closer scrutiny reveals numerous common attributes and characteristics. This study attempts to identify and examine the cohesive and shared characteristics across the Southeast Asian region from a historical and sociocultural perspective. The intention is to differentiate an identity borne of the underlying commonalities of shared characteristics whether physical, experiential, emotive, and/or in terms of heritage. Subsequently, Southeast Asia has more grounds to claim itself as a distinct region, and an "area of study," besides the political expediency of ASEAN.

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Impact of the Coronavirus Disease 2019 Pandemic on Pediatric Gastrointestinal Endoscopy: A Questionnaire-based Internet Survey of 162 Institutional Experiences in Asia Pacific

  • Andy Darma;Katsuhiro Arai;Jia-feng Wu;Nuthapong Ukarapol;Shin-ichiro Hagiwara;Seak Hee Oh;Suporn Treepongkaruna;Endoscopy Subcommittee of the Scientific Committee Asian Pan-Pacific Society of Pediatric Gastroenterology and Hepatology and Nutrition (APPSPGHAN)
    • Pediatric Gastroenterology, Hepatology & Nutrition
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    • v.26 no.6
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    • pp.291-300
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    • 2023
  • Purpose: The impact of coronavirus 2019 (COVID-19) on gastrointestinal (GI) endoscopy procedures in adults has been reported, with a drastic reduction in the number of procedures. However, there are no sufficient data regarding the impact on pediatric GI endoscopy. Here, we aimed to report that impact in the Asia-Pacific region. Methods: A questionnaire-based internet survey was conducted from June to November 2021 among pediatric endoscopy institutions in the Asia-Pacific region, with each institution providing a single response. Overall, 25 questions focused on the impact of the number of procedures conducted, the usage of personal protective equipment (PPE), and endoscopy training programs during the pandemic. Results: A total of 162 institutions across 13 countries in the Asia-Pacific region participated in the study, and 133 (82.1%) institutions underwent procedure changes since the emergence of COVID-19. The number of esophagogastroduodenoscopy and ileocolonoscopy procedures decreased in 118/133 (88.7%) and 112/133 (84.2%) institutions, respectively. Endoscopy for patient with positive COVID-19 in an emergency or urgent cases still carried out in 102/162 (62.9%) institutions. Screening of COVID-19 for all patients before endoscopy was done across 110/162 (67.9%) institutions. PPE recommendations varied among institutions. Pediatric gastrointestinal endoscopy training programs were discontinued in 127/162 (78.4%) institutions. Conclusion: This study reports the impact of the COVID-19 pandemic on pediatric gastrointestinal endoscopy in the Asia-Pacific region. There has been a significant reduction in the number of endoscopic procedures and relevant training programs.