The COVID-19 outbreak is affecting regional economies. To cope with grim growth prospects, governments are leaning on fiscal stimulus to weather the crisis. Such policy measures will largely be determined by politics as different sectors compete for limited resources.
The economy of Batam Island, one of the most favoured tourist destinations for Singaporeans, has deteriorated significantly due to the COVID-19 pandemic. What are the implications and how has the local government managed the situation?
The objectives of CPD's media briefing, which is being organised as part of its COVID-19 Monitoring Initiative, are three-fold: To share CPD's assessment of GoB'spublic policy response in view of the ongoing corona emergency situation. To present CPD's proposals to ensure food and income security in the situation of severe disruptions and lockdown. To disseminate CPD's proposals which has sent to the NBR in view of the FY2021 budget. Today's presentation will focus on following issues: Quick assessment of government's economic interventions in view of COVID-19. An estimate of the food and income support, particularly for the marginalised people. CPD's budget proposals submitted to the NBR.
The main objective of this assignment is to assess the socio-economic impact of COVID-19 on the severely affected sectors of the economy including travel and tourism and associated informal economy. The emphasis is on the poor and groups made vulnerable by the crisis. The study intends to inform targeted measures to be taken by the government to mitigate the effects and to enhance community resilience. This assessment is closely coordinated with relevant government departments, as well as potential stakeholders that are currently involved in discussions around response and recovery. The assessment is rapid in nature to enable swift design and delivery of response measures to reduce the negative impacts at the household and community level.
COVID-19 originated in China with the first reported cases in December 2019, and then spread across well over 200 countries, territories and areas in less than four months. In the Philippines, the first confirmed case was on January 30, 2020 (involving a 38-year-old Chinese national from Wuhan), and the first recorded COVID-19 related death outside China was in Metro Manila on 2 February 2020.1 COVID-19 cases in the Philippines shot up to over 35,000 confirmed cases, and over 1,200 deaths in a span of less than five months since that first case. Unfortunately, it appears that the Philippines is still stuck in the long first wave of infections. Metro Manila and Metro Cebu, the two largest urban agglomerations in the country, have endured long periods of severe social lockdown put in place to limit the spread of the coronavirus in and from these pandemic epi-centres. COVID-19 and the resulting lockdown measures have plunged the Philippine economy into its first recession in two decades. The government estimates that the lockdown of Northern Luzon alone could have cost up to PhP24 billion a day in output losses.
Multilateral Matters is the quarterly publication of the Centre for Multilateralism Studies (CMS), analyzing the most recent developments regarding multilateralism by our team. It covers articles on relevant economic and political issues as well as programmed and latest publications from the research center. The objective of the newsletter is to promote the research being done by our centre, raising awareness of the many events that we hold on a regular basis.
Azerbaijan became the country among the post-soviet countries, that allocated the largest share of GDP, in order to eliminate the economic challenges caused due to the outbreak of COVID-19. Providing favorable economic conditions in the post-pandemic period is as crucial as supporting the economy during the period of the pandemic. Thus, it seems like all implemented programs and activities, including the huge amount of government funding, is going to maintain the economic balance and provide the development over the long-term period. It is an undeniable fact that the impact of the pandemic on the economy might be fully assessed only over time. Experience demonstrates that early evaluation may lead to even greater recession and instability. This paper aims to demonstrate the challenges faced by Azerbaijan in the framework of the fight against a pandemic. Since the economy of a country was affected, a detailed analysis may provide a better understanding of the outcome, enlightening the areas which need more support and development.
Developing Asia has suffered as the COVID-19 pandemic persists. Growth, trade, and tourism collapsed in 2020, leading to the region's first economic contraction in nearly 6 decades. Governments across Asia acted quickly to contain the virus and its economic effects, and signs of bottoming out have now appeared. Inflation remains benign, constrained by depressed demand and declining food prices. A prolonged pandemic is the primary downside risk to the outlook. Persistent or renewed outbreaks and a return to stringent containment could possibly derail the recovery and trigger financial turmoil. Recovery depends on measures to address the health crisis and on continued policy support. The pandemic has highlighted the importance of wellness, both physical and mental. Wellness—the pursuit of holistic health and well-being—is a component of the UN's Sustainable Development Goals. This report evaluates the state of wellness in Asia, documents how the wellness economy is a large and growing part of the region's economy, and discusses how policy makers can promote wellness by creating healthy living environments, encouraging physical activity and healthy diets, and enhancing workplace wellness.
Developing Asia has suffered as the COVID-19 pandemic persists. Growth, trade, and tourism collapsed in 2020, leading to the region's first economic contraction in nearly 6 decades. Governments across Asia acted quickly to contain the virus and its economic effects, and signs of bottoming out have now appeared. Inflation remains benign, constrained by depressed demand and declining food prices. A prolonged pandemic is the primary downside risk to the outlook. Persistent or renewed outbreaks and a return to stringent containment could possibly derail the recovery and trigger financial turmoil. Recovery depends on measures to address the health crisis and on continued policy support. The pandemic has highlighted the importance of wellness, both physical and mental. Wellness—the pursuit of holistic health and well-being—is a component of the UN's Sustainable Development Goals. This report evaluates the state of wellness in Asia, documents how the wellness economy is a large and growing part of the region's economy, and discusses how policy makers can promote wellness by creating healthy living environments, encouraging physical activity and healthy diets, and enhancing workplace wellness.
Like many regions across the globe, the Western Balkans is struggling with the challenges of the COVID-19 pandemic. The region's most salient problems of prolonged political instability, economic stagnation, and emigration of its best and brightest, have worsened during the pandemic. Moving forward, the extent of the economic and social damage will be determined by two variables: the extent of political instability and the depth of the recession in the EU.
The COVID-19, or coronavirus global pandemic, has required huge responses from governments all over the world. Timor-Leste has its own unique requirements when addressing an event of this magnitude. This research aims to understand: - The concerns of the people of Timor-Leste - How well people are adopting prevention measures and taking care of their health - The level of trust in government - The use of, and satisfaction with, government programs - The social and economic impacts of the COVID-19 pandemic - How household tasks have been distributed during the pandemic - The resilience of individuals and their communities, and - The sources of news and information the people of Timor-Leste are relying on to stay informed about the pandemic.
COVID-19 is transforming cities globally. Across the world, cities have been hotspots for COVID-19 outbreaks, but they have also been at the forefront of efforts to adapt and innovate to protect citizens from COVID-19 and the damage it is causing. So far, cities across Myanmar have rightly focused on managing their short-term response to the COVID- 19 pandemic. DAOs and CDCs have been stretching their resources to implement lockdown measures, support businesses and meet residents' basic needs. However, as it is becoming clear that COVID-19's effects will not disappear quickly, it is important that DAOs/CDCs also consider how they can keep functioning sustainably in the longer-term. This report looks specifically at the sources of municipal revenue which cities need to keep running. It considers how revenues could be affected by COVID-19 and what DAOs and CDCs can do about these effects. DAOs and CDCs receive minimal financial support from Myanmar subnational and union governments and so must levy a mixture of taxes and fees on local economic activity to fund their activities. The arrival of COVID-19 has caused a slowdown in local economic activity and made it practically challenging for DAO/CDC officials to collect some revenues safely. The result is that municipalities face a difficult challenge – just as municipal revenues are urgently needed to fund a swift response to COVID-19 and sustain urban services, municipalities face the prospect of a dramatic decline in revenues. This report considers how DAOs and CDCs can respond sustainably to this new challenge. Although COVID-19 in Myanmar could remain relatively well contained with lesser health implications than in neighbouring countries, there is still a huge amount of scientific, economic and political uncertainty facing cities. The economic shock from COVID-19 is likely to be global and the risk of a second outbreak of infections is a very real threat.1 In a best-case scenario where the effects of virus are contained, we hope this report provides a useful overview of municipal revenues. In a worst-case scenario, where COVID-19 wreaks extreme public health and economic damage across Myanmar's cities, we hope that this analysis can provide a useful tool for quickly adjusting local revenue policy. Section 2 of this note looks at the current sources of municipal revenue in Taunggyi, Pathein and Mandalay to identify which sources of revenue are most important for municipalities. Section 3 considers the characteristics of each source of revenue in detail and how they are likely to be impacted by COVID-19. Section 4 considers the policy options available to DAOs, and Section 5 presents a scenario analysis exploring the possible impact of different policy options. Finally, Section 6 concludes.
Prospecting, attracting, locating and anchoring foreign direct investment (FDI) projects in a country is now a major challenge for economic and political leaders. Public management actors (technicians, elected officials, citizens) then question themselves on the type of management and territorial economic intelligence to be implemented in order to facilitate the anchoring of these projects. The literature on this subject is rich in research on attractiveness factors and the determinants of location but has been very little addressed from the perspective of management sciences. In order to understand the reasons for the success or failure of the implementation of such projects, it is then relevant to question the process of territorial public management in order to understand what underlies the implementation and anchoring of an FDI project during its life cycle. Based on qualitative case studies, we study the links between the process of implementing an FDI project and its inclusion in the territorial ecosystem for i) a Chinese project in France in the telecommunications sector and ii) a South Korean project in Brazil in the semi-conductor sector. On the basis of an initial historical study produced using primary and secondary public sources as well as confirmatory interviews with involved stakeholders, we propose secondary analyses from the perspective of translation sociology associated with the "strategy as practice" framework. By challenging a traditionally linear view of the project life cycle and identifying key managerial events and practices, we better understand the process and how territories demonstrate, or not, strategic agility. Relations between universities, companies and government are also analysed in terms of supporting territorial attractiveness. Considering the attractiveness of FDI projects from a collaborative perspective thus provides new empirical evidence and explanations of the phenomenon. We can then propose the following managerial implications: i) the use of a triple helix strategy ...
Prospecting, attracting, locating and anchoring foreign direct investment (FDI) projects in a country is now a major challenge for economic and political leaders. Public management actors (technicians, elected officials, citizens) then question themselves on the type of management and territorial economic intelligence to be implemented in order to facilitate the anchoring of these projects. The literature on this subject is rich in research on attractiveness factors and the determinants of location but has been very little addressed from the perspective of management sciences. In order to understand the reasons for the success or failure of the implementation of such projects, it is then relevant to question the process of territorial public management in order to understand what underlies the implementation and anchoring of an FDI project during its life cycle. Based on qualitative case studies, we study the links between the process of implementing an FDI project and its inclusion in the territorial ecosystem for i) a Chinese project in France in the telecommunications sector and ii) a South Korean project in Brazil in the semi-conductor sector. On the basis of an initial historical study produced using primary and secondary public sources as well as confirmatory interviews with involved stakeholders, we propose secondary analyses from the perspective of translation sociology associated with the "strategy as practice" framework. By challenging a traditionally linear view of the project life cycle and identifying key managerial events and practices, we better understand the process and how territories demonstrate, or not, strategic agility. Relations between universities, companies and government are also analysed in terms of supporting territorial attractiveness. Considering the attractiveness of FDI projects from a collaborative perspective thus provides new empirical evidence and explanations of the phenomenon. We can then propose the following managerial implications: i) the use of a triple helix strategy ...
Prospecting, attracting, locating and anchoring foreign direct investment (FDI) projects in a country is now a major challenge for economic and political leaders. Public management actors (technicians, elected officials, citizens) then question themselves on the type of management and territorial economic intelligence to be implemented in order to facilitate the anchoring of these projects. The literature on this subject is rich in research on attractiveness factors and the determinants of location but has been very little addressed from the perspective of management sciences. In order to understand the reasons for the success or failure of the implementation of such projects, it is then relevant to question the process of territorial public management in order to understand what underlies the implementation and anchoring of an FDI project during its life cycle. Based on qualitative case studies, we study the links between the process of implementing an FDI project and its inclusion in the territorial ecosystem for i) a Chinese project in France in the telecommunications sector and ii) a South Korean project in Brazil in the semi-conductor sector. On the basis of an initial historical study produced using primary and secondary public sources as well as confirmatory interviews with involved stakeholders, we propose secondary analyses from the perspective of translation sociology associated with the "strategy as practice" framework. By challenging a traditionally linear view of the project life cycle and identifying key managerial events and practices, we better understand the process and how territories demonstrate, or not, strategic agility. Relations between universities, companies and government are also analysed in terms of supporting territorial attractiveness. Considering the attractiveness of FDI projects from a collaborative perspective thus provides new empirical evidence and explanations of the phenomenon. We can then propose the following managerial implications: i) the use of a triple helix strategy ...