The analysis revealed that the main topic of data governance research is its significance for digital technologies. Further aspects of data governance addressed in the literature include use of data as an economic asset, data management, data quality, data protection, compliance and organisation of data in networks. Data governance already plays a more important role in the health sector than in other industries. By effectively coordinating the requirements of business practice and scientific problem analysis, data governance can be better investigated, developed and implemented.
Robust intellectual property (IP) protection is vital for biopharmaceutical innovation. It provides the incentives and business certainty needed to attract and sustain long-term investment in prevention, treatments and cures. IP rights have little value without enforcement, however.
This paper presents evidence from 24 top executives running the world’s largest supply chains. These industry leaders believe enterprise supply chains could be the most important transformation for companies over the next five years. The white paper unveils a new approach to enterprise supply chain management – focus on the customer and maximize demand. That is, flip the focus to the customer-facing side — the frontside — of the business. As a result, improved enterprise Digital Supply Chains (DSC) can lead to a 20% reduction of procurement costs, a 50% reduction in supply chain costs, and an increase in revenue of 10%. This is true across all industries, even some, like financial services, that traditionally don’t include supply chains in revenue generating strategies. This report explains the key differences between traditional supply chains and digital supply chains, helping supply chain leaders gain more insight to better their position in the business.
This report serves as an external appraisal of the ASEAN Economic Community (AEC)'s Blueprint 2025, which aims to complete the outstanding elements of the original Blueprint and further deepen economic integration. The findings might suggest that the areas in which the AEC is making slow progress are in the areas most important to businesses, most notably in terms of the actions relating to Customs, Trade Facilitation, Standards, Technical Regulations and Conformity Assessment Procedures.
The liberalisation of trade pursued by the European Union (EU) under the European Single Market (ESM) facilitates the development of trade based on market principles where partners mutually profit from trade instead of one gaining and the other losing. This piece looks back at the fifteen years of Polish membership in the European Union to evaluate how the participation in the Single Market is changing the biggest economy to have joined the EU in the 21st century.
China recently moved to ban Canadian canola, soybeans, and other agriproducts. These efforts at economic coercion are closely tied to the ongoing tensions between the two countries, which began when Canadian authorities arrested Huawei CFO Meng Wanzhou in December 2018, following a US extradition request. In the long-term, Canada should be taking every measure available to diversify our trade beyond China. Taiwan has been vigilantly doing so for years, and Canadians should take note of its efforts to achieve greater resilience against China’s economic coercion. Such trade diversification should be part of Canada’s long-term strategy in the Indo-Pacific region.
This paper examines the technical and economic feasibility of automation in the Indian garment sector and its likely impact on jobs. Based on secondary data analysis and key informant interviews, the paper argues that though technically robotics can displace 80 per cent labour employed in the Indian garment sector, the actual displacement is going to be much lower as, owing to the economic feasibility, automation is going to be restricted to a few garment production processes only. Paper further argues that despite the automation of the certain production processes, Indian garment sector will register healthy employment growth as expansion in domestic garment demand will be more than sufficient to offset the labour-saving effect of technology.
Economists agree that sustainable economic growth depends on higher-value, knowledge-based services, high-tech manufacturing, research and development, and less reliance on the export of commodities and natural resources. Domestic manufacturing sectors within ASEAN member states, while increasingly diversified, are largely focused on the assembly of products designed and manufactured elsewhere. There is also too much reliance on the export of natural resources. For ASEAN countries to join the ranks of high-income countries, they need to continue to commit and invest in the building of a knowledge economy.