COVID-19 and the Future of Doing Business in Asia - Foundation Office Japan / Regional Economic Programme Asia (SOPAS)
Workshop
Details
Research Objectives and Key Questions
This proposed exploratory research will look at how COVID19 is reshaping the future of doing
business in Asia. Data will be collected from six countries to:
- Understand how COVID19 is shaping (i) institutions and economic regulation, (ii) the future of work, (iii) state of globalization, (iv) agility, innovation, and resilience, and (v) Asian-European relations
- Provide directions and recommendations to policymakers, development partners and businesses to effectively rebuild more resilient businesses and take advantage of the opportunities amidst the economic turmoil and disruption
Specifically, it will look at how the pandemic is shaping the five dimensions that define the trajectories of economic activity in the region:
- Institutions and economic regulation: How has the relationship between the State and private sectors changed? Will the ties persist? Will the State have a broader influence, or will there be less regulation?
- Future of work: How has the relationship between employers and employees changed? How has the concept of the workplace changed in terms of economic and cultural aspects as remote work has been adopted more widely? Do you expect these changes to persist in the long-term? Have these changes already been underway before the crisis?
- State of globalization: How have perceptions towards globalization changed? Are there calls towards regionalization and reorganizing supply chains around center parts of Asia?
- Agility, innovation, and resilience: How has business leadership changed in the current situation? In which sectors of the national economy do you see the most innovative willingness and capacities to react to the crisis?
- Asian-European relations: How is Europe seen from this perspective? How will the current developments alter Asian-European relations?
Scope and Methodology
I. Target audience and geographies for the research
Demographic: SMEs. We will focus on identifying and engaging with interesting cases that have displayed innovative (and to some extent, replicable) strategies in responding to the constraints and challenges brought about by the pandemic.
Geographies: China, Japan, Singapore, South Korea, Philippines, Vietnam
II. Methodology
The research can employ a case study approach combining information gathered from secondary sources through a literature review of published documents and from primary sources such as expert interviews and focus group discussions. Drawing from both primary and secondary sources encourages triangulation and helps reveal consensus and contribution across themes and issues.
III. Research Publication
Five policy papers discussing each dimension will be released around September 2020. After the publication of the policy papers, additional online media can be produced, depending on the results of the initial study.