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Can Fintech Bridge Financing Gaps for SMEs?
Over half of SME trade finance proposals are rejected compared to just 10% for multinational companies. ADBI Research Fellow Alisa DiCaprio discussed the potential for Fintech to bridge this gap at the 2nd Annual Trade Finance Program Awards held in Singapore on 7 September 2016. The findings are based on the 2016 Trade Finance Gaps, Growth, and Jobs Survey that quantifies market gaps for trade finance and explores the impact on growth and jobs.
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Collaboration Needed to Push Competition
Authorities should collaborate to tackle cross-border issues that impede competition, said ADBI Deputy Dean Bokhwan Yu at the 12th East Asia Top-Level Officials’ Meeting on Competition Policy held in Seoul, Republic of Korea, on 9 September 2016. Tatsuo Hatta, president of the Asian Growth Research Institute, cited Japan’s experience to stress how important competition policy is for economic growth. Behavior in the aftermarket, information exchange among competitors, and most favored nation clauses in the online-platform market were also discussed at the 9th Seoul International Competition Forum held on 8 September.
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Infrastructure Investment and Social Protection
Governments should invest more in infrastructure to boost their social protection programs. Investment is risky but the rewards are great if it is done right, ADBI Dean Naoyuki Yoshino told Devex. He also said that governments should create an investor-friendly environment to improve rates of return. Read more and watch video.
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Financing Infrastructure through Domestic Means
Funding for infrastructure investment should be domestic driven and come from private sources said ADBI Dean Naoyuki Yoshino in a presentation at the recently convened South Asia Diaspora Convention 2016 held in Singapore. Such funding should come from postal savings and life insurance as is the case in Japan, Germany and France which has proven to be successful. Dean Yoshino stressed that countries should avoid over reliance on funds from taxes which will lead to an increase in budget deficits. Watch video.
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Fiscal Equalization Schemes and Subcentral Government Borrowing -
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Measuring Systemic Risk Contribution of International Mutual Funds -
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Migration in the People’s Republic of China
