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    To Uberize or Not to Uberize? Opportunities and Challenges in Southeast Asia’s Sharing Economy

    Lee, Cassey | June 2016
    Abstract
    Technology-driven market disruptions are not new. Joseph Schumpeter famously coined the term “creative destruction” to describe the impact of innovations on markets via the creation of new products that render old ones obsolete. The type of innovation associated with the services provided by Uber and Grab belongs to what is known today as the “sharing economy”.2 Made possible by technological advances in GPS, mobile communications, social networking and cloud computing, the sharing economy has affected almost all industries such as transport, retail, logistics, food and beverage, and accommodation. The stakes involved in the sharing economy are high. The size of the sharing economy, estimated globally for five sectors, is projected to increase from US$ 15 billion in 2014 to US$ 335 billion by 2025.3 The cost and benefit calculus of the impact of the sharing economy goes beyond the immediate gains enjoyed by consumers (and new service providers) and the losses incurred by traditional service purveyors. For starters, there is already some evidence of cross-border investment opportunities brought about by such innovations. For governments, such innovations – disruptive as they are – may provide new opportunities to revitalize micro-enterprises and even provide new sources of revenues for the state. More importantly, any misguided government policy and regulation in this area has the potential to dampen future innovations. Thus the question of “to uberize or not to uberize” is about how governments should respond to the challenges posed by the sharing economy. This essay addresses the question by explaining the nature of the sharing economy, its foothold in Southeast Asia, and finally, the various policy responses by governments in the region. The policy challenges of engaging with the sharing economy (“to uberize or not to uberize”) is examined via a comparative study of the countries in the region. Examples from the car sharing market is used in this essay to focus the discussions on specifics.
    Citation
    Lee, Cassey. 2016. To Uberize or Not to Uberize? Opportunities and Challenges in Southeast Asia’s Sharing Economy. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/9150.
    ISSN
    2335-6677
    Keywords
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Results-Based Monitoring And Evaluation
    Project Evaluation & Review Technique
    Project Evaluation
    Program Evaluation
    Performance Evaluation
    Operations Evaluation
    Evaluation Methods
    Evaluation
    Social condition
    Economic dependence
    Economic assistance
    International monetary relations
    International monetary relations
    International trade
    National accounting
    Market
    Project impact
    Development projects
    Program management
    Performance appraisal
    Project appraisal
    Technology assessment
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Exports
    Exchange
    Comparative economics
    Index number
    Monetary policy
    Value analysis
    Adjustment cost
    Transaction cost
    Conditionality
    International relations
    Cumulative effects assessment
    Grievance procedures
    Participatory monitoring and evaluation
    Exchange rate
    Economic development projects
    Economic policy
    Economic forecasting
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    Citable URI
    http://hdl.handle.net/11540/9150
    Metadata
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    ISEAS_Perspective_2016_33 68551 CL (003).pdf (628.6Kb)
    Author
    Lee, Cassey
    Theme
    Economics
    Evaluation
     
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise