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The main objective of this study is to identify the effect of foreign direct investment (FDI) and trade openness (TO) on income inequality in 25 Asian economies using panel data from 1991 to 2018. The effects of FDI and trade openness on income inequality in the Asian region has been examined by using the Kuznets curve hypothesis on the growth–inequality relationship and employing a random effects model, generalized least squares, and system GMM estimations. This study found that the effect of FDI and trade openness on inequality is positive as they enhance income inequality in the Asian region. It also found that the growth–inequality relationship is non-linear with an inverted U-shape, which indicates that growth increases inequality in Asian economies to a certain level; after that, an additional increase in per capita GDP decreases the income inequality. This study exposed that FDI and trade openness have increased inequalities in the Asian region, making it difficult to achieve the Sustainable Development Goal (SDG) 10 within the stipulated timeframe. Asian economies should therefore review investment- and trade-related policies to reap the benefits and to ensure equitable income distribution.

The study aims to investigate the causal effect of cross-border paperless trade policy reforms and aid for trade on export performance in 14 Asian developing countries. Sample countries are selected based on membership of the South Asia Sub-regional and Economic Cooperation (SASEC) and Central Asia Regional Economic Cooperation (CAREC). This study uses annual panel data from 2005 to 2017, exploits the Economic and Social Commission for Asia and the Pacific (ESCAP) Trade Facilitation Measures survey data to sort out the pre-treatment and post-treatment period of the paperless trade policy transformation, and employs the difference-in-differences method of estimation. The results show that the adaptation of paperless trade facilitation policy measures and aid for trade to trade facilitation and the communication technology sector has a positive and statistically significant impact on export performance in Asian economies including in SASEC and CAREC region. However, the findings of this study also point out that the economic growth, foreign direct investment and the labour force has a positive effect on export performance. Thus the results from this study suggest that the export performance in these regions could be enhanced by adopting paperless trade policy measures and more aid allocation for the trade facilitation and communication technology sectors.