ANALYSIS FROM THE EAST WEST CENTER: March 2002

The following are new titles from the East-West Center. Ordering information and abstracts of the publications appear after the listing of titles.

As Asia’s Population Ages, Worries Grow about the Future, by Andrew Mason, Sang-Hyop Lee, and Gerard Russo. Asia Pacific Issues, No. 58. January 2002.

Investment Opportunities and E-Business Models in Asian Emerging Markets. Asia Pacific Conference on E-commerce Summary Report. 2001.

As Asia’s Population Ages, Worries Grow about the Future, by Andrew Mason, Sang-Hyop Lee, and Gerard Russo. AsiaPacific Issues, No. 58. January 2002. 8 pp. Printed hard copy available from the East-West Center for $2.50 plus shipping/handling. Free downloadable PDF file located at http://www.EastWestCenter.org/stored/pdfs/api058.pdf

Asia, a region whose population has long been dominated by children, is seeing the proportion of its elderly rise rapidly. The U.N. projects the population 65 and older will more than quadruple by 2050, while the population under age 15 will decline. Though Asia’s population is still younger than the West’s, dramatic declines in childbearing and significant improvements in life expectancy are causing it to age faster. The result will be growing demand for health care, retirement systems, and old-age support-particularly if the traditional family support system continues to erode. The challenge to countries with large elderly populations and relatively under-developed economies will be especially great. Throughout Asia, population aging could slow economic growth. If governments are to meet the challenges posed by aging populations, they must start soon to adopt policies that encourage saving and investment, develop effective social and economic institutions, and find new ways to tap the productive potential of older people.

Investment Opportunities and E-Business Models in Asian Emerging Markets. Asia Pacific Conference on E-commerce Summary Report. Honolulu: East-West Center, 2001. Paper, Summary Report $15.00 plus shipping/handling; Supplemental Report $10.00 plus shipping/handling. Available from the East-West Center.

The 2nd Asia Pacific Conference on E-commerce: Investment Opportunities and E-business Models in Asian Emerging Markets” (October 28-30, 2001), brought together prominent representatives from e-commerce, telecommunications, information technology, government and academia to explore current issues in the development and utilization of new technology in the conduct of business in Asia Pacific. Topics included overviews of the new global economy, impacts of the new economy on the financial markets, government and regulatory issues, new business models, and issues of culture, sovereignty, and content.

From the opening address by Stephen McClelland through in-depth analysis of Korea’s pattern of Internet use for e-commerce, the need to understand the role that culture plays in e-commerce was addressed by many of the participants. A series of commissioned country reports on China, India, and Korea highlighting the progress in electronic exchange of goods, financial markets, and most services, were also presented and discussed. These and other reports illustrated the diversity of the region and the importance of identifying business models appropriate to individual national development. One of the common threads of the conference, the use of the Internet, illustrated the rapid growth and use of Information Technology (IT) infrastructure in many Asian countries, in particular Korea, China, Japan, and Taiwan. The lively interaction with the participants, gives testimony to the ongoing need for in-depth examination of and dialogue on how technology is adopted and how it is changing the national and regional landscapes.

The commissioned country reports are available as a Supplemental Report. Korea’s market growth for B2B commerce was closely defined by Dr. George Darby, whose paper comprehensively covers the developments in that country’s lead in the Asian economy. Dr. Kamlesh Bajaj was optimistic about the rapid growth of the software industry in India and its export potential along with the revisions in the policies of the Indian government lessening restrictions and moving toward greater private sector participation. Dr. Lin Sun’s ChinaNex Corporation has researched most of the current developments in regulatory and entrepreneurial policies in China. His paper describes in detail how China is today the world’s second largest market for Information Technology equipment and services and sheds light on the explosion of demand for e-commerce in China. Mr. Gregg Daffner of G3 Global Communications Consulting, presents an excellent review of developments in e-commerce with the use of satellite technology and how it helps to revolutionize investments in the Asian economy. This volume will be of value to policymakers in governments and corporations.

Search the East-West Center website at http://www.EastWestCenter.org/res-rp-asearch.asp for other publications by the East-West Center and its staff. To order the publications referenced above, contact the East-West Center Publication Sales Office at ewcbooks@EastWestCenter.org.

East-West Center Publication Sales Office 1601 East-West Road Honolulu, HI 96848-1601 USA Tel: (808) 944-7145 Fax: (808) 944-7376

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