Weaning Brunei off Oil
As a resource-rich country, Brunei Darussalam’s economy depends heavily on developments in the oil and gas sector.
As a resource-rich country, Brunei Darussalam’s economy depends heavily on developments in the oil and gas sector.
China’s economic recovery from the downturn due to the COVID-19 pandemic remains on track, and policies have been geared toward pursuing high-quality growth. In recent months, growth momentum weakened due to the moderating global economic recovery and several shocks.
In Singapore, the share of modern services exports rose from almost 30 percent in 2000 to 65 percent last year.
The Korean economy continues its strong rebound in 2021 led by a strong global recovery and robust demand for electronics, autos and other manufactured products.
The Korean economy continues its strong rebound in 2021 led by a strong global recovery and robust demand for electronics, autos and other manufactured products.
When China began plugging into global production networks and cross-border trade more intensely in the early 2000s, few might have foreseen it becoming one of the most important hubs for many high-tech global value chains (GVCs) by the late 2010s.
The COVID-19 pandemic triggered a sharp increase in the world demand for rubber gloves, notably medical gloves but also non-medical ones.
Vietnam’s exports have grown exponentially over the past two decades.
Global value chains have long formed the backbone of economic growth and trade, especially in East Asia.
Foreign direct investment (FDI) into Vietnam has grown exponentially in the last three decades. Thanks to its economic reforms and integration into the global economy, the country is now considered to be among the most open economies in Asia in terms of FDI receipts.