Post-event statement

ADBI, in cooperation with the Southeast Asia Regional Department of the ADB, Singapore Cooperation Programme of the Ministry of Foreign Affairs Singapore, and the S. Rajaratnam School of International Studies of Nanyang Technological University, held a 3 day workshop covering the importance of economic corridors to development. The workshop included a panel discussion on regional cooperation and integration in Asia, a “master class” on economic corridor development, and case studies on economic corridor development in the Greater Mekong Subregion. During the event participants representing subregional programs analyzed their strategies, SWOT and strategic options, delved into the conceptual framework of economic corridors through team discussions and presentations of the subregional programs, reviewed the strategic framework for the CAREC program and PRC’s “One Belt, One Road” policy, and carried out a vision exercise to identify what makes an “ideal” economic corridor. The workshop concluded with a panel discussion highlighting the key lessons and challenges to economic corridor development in Asian integration.

Purpose

Economic Corridor Development for Competitive and Inclusive Asia is intensive training designed to provide opportunities for understanding issues and challenges in economic corridor development in Asia.

The training will focus on:

  • understanding characteristics, concepts, models and drivers of economic corridors
  • envisioning regional interdependencies that enhance and promote national and regional competitiveness and promote inclusive growth
  • aligning national interests with regional priorities in economic corridor development
  • managing risks to mitigate social, economic and environmental consequences due to increased connectivity
  • encouraging stakeholder participation for competitive and inclusive growth in the various sub-regions
  • cultivating regional champions who will have a transformative value for CAREC, SASEC, GMS, BIMP-EAGA and IMT-GT.

Case studies on economic corridor development in Central Asia, Southeast Asia and South Asia will be highlighted. The learning process will provide opportunities to share experiences and discuss lessons learned using adult learning methodology.

Background

The Asian Development Bank (ADB) has assisted its developing member countries (DMCs) in reaping benefits, mitigating risks and maximizing opportunities brought about by globalization, by promoting regional cooperation and integration (RCI). The cooperation initiatives are typically driven by investments in regional infrastructure, which also provides a platform for cooperation between and among member countries for areas of mutual interest. One approach being adopted is the economic corridor development (ECD) approach which aims to develop a highly efficient transport system that allows goods and people to move around a sub-region without excessive cost or delay. This is expected to translate to further economic growth and regional development, and thus contributes to poverty reduction. The development of economic corridors has proven to be a holistic strategy which improves the quality and reach of intraregional infrastructure, benefiting both a sub-region and the individual economies under it.

Despite differences in orientation, approaches and results of the economic corridors in various sub-regions in Asia and the Pacific, some successes and important lessons can be learned. Lessons can be learned from national corridor development as well. Malaysia for example has economic (growth) corridors strategically located to provide access to key business centers and neighboring economies, with clear sector and geographic focus, and with institutional mechanisms in place. Knowledge and experience sharing on economic corridors in the different sub-regions can add great value to government officials involved in RCI especially because there is no standard definition of economic corridors, no “one-size-fits-all” model, and information exchange can lead to refinements of initial ECD approaches adopted by various sub-regional cooperation programs.

It is against this background and as a response to the requests from governments on the need to learn from the experience of CAREC, SASEC, GMS, BIMP-EAGA, IMT-GT, and national approaches to economic corridor development that the training program on Economic Corridor Development for Competitiveness and Inclusive Asia is conceived and organized jointly by the ADB, the Asian Development Bank Institute (ADBI), S. Rajaratnam School of International Studies (RSIS) at Nanyang Technological University, and the Ministry of Foreign Affairs-Singapore.

Objectives

This workshop will delve into the lessons learned from sub-regional and national corridor development, focusing on understanding characteristics, concepts, models, and drivers of economic corridors from case studies to promote inclusive growth in the emerging region.

Participants

Policy makers from Central Asia, South and Southeast Asia, and ASEAN developing member countries who are directly involved in the formulation of policies and strategies related to regional economic integration and economic corridor development.

Participant responsibilities

Participants are expected to attend and actively participate in all sessions.

Output

  • Improved capacity of government officials in understanding economic corridor policies and issues in emerging markets as well as in designing effective policies and recommendations.
  • Enhanced dialogue and networking among government officials and experts from international organizations, academic institutions and the private sector to promote effective economic corridor growth in Asia.
  • Promotion of good governance policies and practices in the development of economic corridors and enhancement of economic connectivity.
  • Presentation materials and case studies on economic corridor development in Central Asia, Southeast Asia and South Asia, to be uploaded to the ADBI website.

How to Register

By invitation only.

Language

English

Partners and or sponsors

ADB, Ministry of Foreign Affairs (MFA)-Singapore through the Singapore Cooperation Programme (SCP), and the S. Rajaratnam School of International Studies at Nanyang Technological University (NTU)

Time of event

8:45 - 19:00

Event Contact