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Tables of Contents for New Economy and Apec
Chapter/Section Title
Page #
Page Count
Executive Summary
1
9
Overview of the Project
1
1
From Brunei
1
1
...to Shanghai
1
1
Summary Objectives of the Report and Basic Outline of Method
2
2
A New Emphasis on Transformation
3
1
Summary of Analytical Conclusions
4
6
Spanning the four domains:
5
1
Within the domain of trade and cross-border investment
6
1
Within the domain of banking and financial policies:
7
1
Within the domain of pro-competitive market policy and legal regime:
7
1
Within the domain of fiscal policy and fiscal activities of government:
8
2
The Fundamentals: Definition and Policy Underpinnings of the New Economy
10
13
What is-the ``New Economy''
10
2
The Knowledge-Based Economy and the New Economy
12
3
What Are the Policy Fundamentals?
15
7
Fiscal Policy and Fiscal Activities:
15
2
Banking and Financial Structure:
17
1
Trade and cross-border investment policies:
18
2
Competition policy and legal regimes:
20
1
Synergies among policy domains:
21
1
Conclusion
22
1
The Evidence: Benefits and Challenges of the New Economy
23
15
Introduction
23
1
Information and Transformation; Dot-Com Bust, But Not the New Economy
23
2
Evidence on Productivity Growth and the Use and Diffusion of ICTs
25
5
Review of the Literature: The US experience precipitates research
26
1
...and raises similar questions for other economies
27
2
ICTs are the fad now, but research on productivity growth goes back a long way
29
1
Aggregate and global benefits of the New Economy
30
8
Time-series analysis of efficiency gains:
31
1
Broad analysis of policy reforms:
31
2
Economic gains through trade liberalization, particularly in services:
33
3
Sub-Regional Trading Arrangements
36
2
Case Studies of the New Economy in APEC
38
21
Restructuring and Transformation
38
11
Conclusions About Transformation
49
1
Transformation and Policy
49
7
Fiscal Policy
50
2
Financial Deepening
52
1
Trade and Investment Policy
53
1
Competition and Legal
54
2
The Place of Human Resource Policy
56
1
National E-Commerce Promotion Strategies
57
2
Implications of New Economy Divergence: Digital Divide
59
24
Introduction
59
1
Initial conditions and Predisposition to Policy Reform
60
6
Productivity and Growth
60
2
Digital Measures
62
2
KBE Status Indicators
64
1
Challenges to and Predisposition to Reform
65
1
Policy Conditions, Sectoral Transformation and Trade Competitiveness in the New Economy
66
13
Measuring Overall Policy Conditions in APEC Economies
67
4
Measuring Sectoral Transformation In the New Economy
71
2
Putting These Together with Trade Patterns: Competitive Pressures and Opportunities
73
6
Other Aspects of Differential Progress
79
4
Brain drain:
80
1
Reactions from civil society:
81
1
International relations and new alliances?
81
2
Analytical Conclusions
83
8
Challenge to Reforms: Spanning the Four Policy Domains
83
1
``Stove-pipe'' government bureaucracy and public-private alliances:
83
1
Poor domestic and global economic and political environments:
84
1
Resource transfers and liberalization:
84
1
Challenges for Trade and Cross-Border Investment Liberalization
84
1
Absence of on-going multilateral trade round:
85
1
Incomplete fulfillment of existing commitments:
85
1
Challenges for Banking and Financial Market Policies
85
2
Poor Supervisory Oversight:
86
1
Lack of Financial Skills:
86
1
Thin non-bank financial markets:
87
1
Challenges for Fiscal Policy and Reform of Fiscal Activities
87
2
Redirecting internal operations and external activities:
88
1
Transforming inner workings of government:
88
1
Challenges for Pro-competitive Market Policies and Legal Regime
89
1
Sophistication and rapid evolution of competitive environment:
89
1
Difficulty of scope and nature of legal reforms:
89
1
Lack of a trusted environment:
89
1
Command and control will speed adjustments right now:
90
1
A Final Word
90
1
Appendix 1 Research on Transformation of Industries by ICTs Technologies
91
2
Appendix 2 Trade Exposure Charts for Each Economy
93
10
Appendix 3 Trade Exposure Charts for Each Sector
103
6
Appendix 4 Case Studies
109