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This publication identifies regional and subregional opportunities for Myanmar to harness natural and human resources, industrial potential, and infrastructure connectivity. It updates the Vision document of the South Asia Subregional Economic Cooperation (SASEC) program since Myanmar joined as the seventh official member in February 2017. Geographically sharing borders with the giant economies of India and the People's Republic of China, Myanmar serves as a land bridge between southern, southeastern, and eastern Asia. Myanmar's rich natural endowments, including oil and natural gas, and large and young labor force are also strategic advantages for regional cooperation and inclusive and sustainable growth.
The South Asia Subregional Economic Cooperation (SASEC) vision provides the premise that SASEC countries---Bangladesh, Bhutan, India, the Maldives, Myanmar, Nepal, and Sri Lanka---which have grown robustly in recent years, can tap each other's strength to realize their potential of propelling Asia's future growth. They can harness their individual comparative advantages by cooperating better in facilitating trade and enhancing connectivity, and providing the subregion's produce, better access to global and regional markets. The SASEC Vision demonstrates how enormous benefits can be achieved through regional cooperation, by leveraging opportunities and synergies between three levers---natural resources, industrial potential, and connectivity.
The coronavirus disease (COVID-19) pandemic disrupted both supply and demand sides of an interconnected world economy in 2020. Asia and the Pacific was not immune as lockdowns and travel and trade restrictions affected nearly all aspects of cross-border economic activity. This publication examines the initial impact on trade, investment, finance, and people’s mobility across the region as the pandemic struck. It looks at how regional economies individually or collectively respond to the crisis by, for example, leveraging rapid technological progress and digitalization as well as increasing services trade to reconnect and recover. The theme chapter focuses on digital platforms and how they can accelerate digital transformation across the region.
This technical note explains why countries should cement strong public private partnerships (PPP) to help bridge deep funding gaps and build the climate-resilient infrastructure they need. It analyzes how the pandemic and government worries over value for money have combined with business’ concerns over investment risk to dampen regional PPP deals. Providing a checklist for countries to rate potential PPP projects, it explains why robust governance and strategic planning is critical to the success of public-private partnerships. It underscores that embracing the private sector is crucial for countries to build sustainable infrastructure that can boost jobs, stimulate growth, and support an inclusive recovery.
The Asian Economic Integration Report 2017 is the annual report on Asia's progress in regional cooperation and integration (RCI) of the Asian Development Bank (ADB). It covers ADB's 48 regional members and analyzes regional and global economic linkages. This year's special theme chapter, "The Era of Financial Interconnectedness: How Can Asia Strengthen Financial Resilience?" examines the region's ability to absorb financial shocks and avoid instability. The report introduces an RCI composite index to help monitor and evaluate RCI progress in the region. The Asia-Pacific Regional Cooperation and Integration Index combines six RCI components: trade and investment, money and finance, regional value chains, infrastructure connectivity, movement of people, and institutional and social integration.
This report reflects the changes in the South Asia Subregional Economic Cooperation (SASEC) Program's operational plan for the period 2016–2025. It outlines the updates on the supporting list of priority projects resulting from a rigorous vetting process. This involves defining SASEC transport and energy networks and identifying priority projects based on preparedness and their roles in filling network gaps. The result is a more reasonable estimate of funding needs to help meet the SASEC Program's goals of multimodal connectivity, energy market development, and increased intraregional and interregional trade.
The Asian Economic Integration Report is an annual review of Asia's regional economic cooperation and integration. It covers the 48 regional members of the Asian Development Bank. This issue's theme chapter is "What Drives Foreign Direct Investment in Asia and the Pacific?"
This report shows how smart trade and investment policies, and regulatory cooperation in the Asia and Pacific region can help economies tackle climate change, recover from the pandemic, and support resilient and sustainable development. Analyzing topics including global value chains, investment, the movement of people, and regional cooperation initiatives, it outlines the economic and environmental challenges the region currently faces. It explores how trade and investment policies can support climate action and highlights why a joined-up approach is essential to help deepen the digital economy, strengthen supply chains and foster greener businesses, markets, and trade.
This publication is the annual report of the Asian Development Bank (ADB) on Asia's progress in regional cooperation and integration. It covers ADB's 48 regional members and analyzes regional and global economic linkages. This year's special chapter, "Toward Optimal Provision of Regional Public Goods in Asia and the Pacific," examines how collective action among countries can help find solutions to growing transnational development challenges. It discusses how to best provide regional public goods that transcend the so-called "collective action problem," which occurs when individual interests are too weak on their own to drive cooperation on common issues. The chapter suggests that multilateral development banks should act as honest broker in enhancing mutual trust and facilitating regional cooperation for regional public goods.
This book focuses on the scope, potential and future of the India-Japan-Association of Southeast Asian Nations (ASEAN) trilateral. Through this book, contributors examine the strategic and global partnership between India and Japan and the collaboration with ASEAN. Analysing contemporary strategic issues in the Indo-Pacific, the book takes up the complex link between security and economics. It offers a thorough understanding on how the major Asian powers, India and Japan, cooperate and coordinate with the ASEAN. It delves into few critical questions: Is there a scope for India-Japan-ASEAN triangularity in the Indo-Pacific? Can a formal or institutional cooperation be forged between these three actors? What specific cooperation could India and Japan forge with ASEAN as an institution? To what extent can each ASEAN member independently become a partner with India and Japan? A novel assessment of the post-pandemic economic and political balancing and restructuring, this book will be of interest to Asian politics, international relations, strategic studies, regional organizations in Asia and think tanks specializing in foreign policy, security studies, international trade and economics.