Regional Comprehensive Economic Partnership(RCEP)is the world’s largest regional trade agreement,signed by ten ASEAN countries and five regional trade partners.In January 2022,the RCEP officially took effect,which no...Regional Comprehensive Economic Partnership(RCEP)is the world’s largest regional trade agreement,signed by ten ASEAN countries and five regional trade partners.In January 2022,the RCEP officially took effect,which not only marks the triumph of multilateral cooperation,but more importantly,will be significant contributor to global economy.At present,facing the wave of digital globalization,RCEP could put more emphasis on the international cooperation in technology innovation,digital infrastructure,and cross-border e-commerce,making digital economy boost RCEP’s goal to deeper economic integration.Member states can achieve long term success through jointly establishing cooperation mechanism on digital economy,and working to build community with digital sharing for RCEP parties,which also help revive economic strength in the big recession caused by COVID-19 pandemic.Furthermore,this study finds that the former“Tiger Cub”economies which are Indonesia,Thailand,Malaysia,and Philippines stand a credible chance of becoming the new“Tiger Cub”economies in Asia-Pacific,for their rapidly rising digital markets.展开更多
Recognizing the role of society in the sustainability of payment system innovation through the quadruple helix framework,this study analyzes the causal influence of demand-side financial inclusion indicators on societ...Recognizing the role of society in the sustainability of payment system innovation through the quadruple helix framework,this study analyzes the causal influence of demand-side financial inclusion indicators on society's uptake of digital payment solutions(DPS)within the regional economy of the Gulf Cooperation Council.To this end,the present study relies on data extracted from Global Findex surveys(in 2014 and 2017),as well as the economic theory of random utility maximization,to model individuals'DPS uptake decisions“ceteris paribus.”The maximum likelihood estimation revealed no gender-based gradient in DPS uptake behaviors;additionally,financial inclusion indicators such as transaction account ownership and debit card ownership did not significantly influence endogenous or exogenous DPS uptake decisions between 2013 and 2017.However,all remaining financial inclusion indicators did significantly influence DPS uptake.Assessing these findings through the lens of open innovation and the ongoing efforts from the Arab Regional Payment System project,which seeks to expand financial inclusion by facilitating access to transaction accounts,there is reasonable evidence to suggest that complementary financial inclusion policies addressing the use dimension of DPS(i.e.,extending access to saving and borrowing,along with digital payroll practices for both private and public enterprises)would contribute to more effective policy on financial inclusion in the region.展开更多
This paper delves into the national standards for e-invoices,the seamless integration of fully-digitalized e-invoices with international norms,and the digital identity system,shares the explorations and practices made...This paper delves into the national standards for e-invoices,the seamless integration of fully-digitalized e-invoices with international norms,and the digital identity system,shares the explorations and practices made by China’s tax authorities in cross-border interoperability,and proposes suggestions and outlook for future development.展开更多
文摘Regional Comprehensive Economic Partnership(RCEP)is the world’s largest regional trade agreement,signed by ten ASEAN countries and five regional trade partners.In January 2022,the RCEP officially took effect,which not only marks the triumph of multilateral cooperation,but more importantly,will be significant contributor to global economy.At present,facing the wave of digital globalization,RCEP could put more emphasis on the international cooperation in technology innovation,digital infrastructure,and cross-border e-commerce,making digital economy boost RCEP’s goal to deeper economic integration.Member states can achieve long term success through jointly establishing cooperation mechanism on digital economy,and working to build community with digital sharing for RCEP parties,which also help revive economic strength in the big recession caused by COVID-19 pandemic.Furthermore,this study finds that the former“Tiger Cub”economies which are Indonesia,Thailand,Malaysia,and Philippines stand a credible chance of becoming the new“Tiger Cub”economies in Asia-Pacific,for their rapidly rising digital markets.
文摘Recognizing the role of society in the sustainability of payment system innovation through the quadruple helix framework,this study analyzes the causal influence of demand-side financial inclusion indicators on society's uptake of digital payment solutions(DPS)within the regional economy of the Gulf Cooperation Council.To this end,the present study relies on data extracted from Global Findex surveys(in 2014 and 2017),as well as the economic theory of random utility maximization,to model individuals'DPS uptake decisions“ceteris paribus.”The maximum likelihood estimation revealed no gender-based gradient in DPS uptake behaviors;additionally,financial inclusion indicators such as transaction account ownership and debit card ownership did not significantly influence endogenous or exogenous DPS uptake decisions between 2013 and 2017.However,all remaining financial inclusion indicators did significantly influence DPS uptake.Assessing these findings through the lens of open innovation and the ongoing efforts from the Arab Regional Payment System project,which seeks to expand financial inclusion by facilitating access to transaction accounts,there is reasonable evidence to suggest that complementary financial inclusion policies addressing the use dimension of DPS(i.e.,extending access to saving and borrowing,along with digital payroll practices for both private and public enterprises)would contribute to more effective policy on financial inclusion in the region.
文摘This paper delves into the national standards for e-invoices,the seamless integration of fully-digitalized e-invoices with international norms,and the digital identity system,shares the explorations and practices made by China’s tax authorities in cross-border interoperability,and proposes suggestions and outlook for future development.
