The objectives of this policy dialogue are to
- enhance and promote national and regional competitiveness and promote inclusive growth;
- align national interests with regional priorities in economic corridor development;
- manage risks to mitigate social, economic, and environmental consequences due to increased connectivity; and
- promote stakeholder participation in regional production networks.
ADB has helped its developing member countries (DMCs) reap benefits, mitigate risks, and maximize opportunities of globalization by promoting regional cooperation and integration (RCI). The initiatives are typically driven by investments in regional infrastructure, which provide a platform for cooperation among member countries. One initiative 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 lead to further economic growth and regional development, and will help reduce poverty. ECD has proven to be a holistic strategy that improves the quality and reach of intraregional infrastructure, benefiting both a sub region and the economies within it.
Despite differences in orientation, approaches, and results of the economic corridors in various sub regions, some successes can be seen and important lessons learned. Lessons can also be learned from national corridor development. 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 that can lead to refinements of initial ECD approaches adopted. Knowledge sharing and capacity development activities can help collaboratively explore and generate common concepts, characteristics and principles that can guide the ECD approach across Asia and the Pacific.
Against this background and as a response to requests from the governments to learn from the experience of Central Asia Regional Economic Cooperation (CAREC), South Asia sub regional Cooperation (SASEC), Greater Mekong sub region (GMS), Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA, Indonesia Malaysia Thailand-Growth Triangle (IMT-GT), and the national approaches of participating countries on economic corridor development that the training program on Economic Corridor Development for Competitiveness and Inclusive Asia was conceived and organized jointly by ADB, ADBI, S. Rajaratnam School of International Studies (RSIS) at Nanyang Technological University, and the Ministry of Foreign Affairs, Singapore.
This policy dialogue will examine 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.
36 policy makers from 17 developing countries in Asia (ASEAN10, People’s Republic of China, India, Nepal, Sri Lanka, Kyrgyz Republic, Tajikistan, and Uzbekistan) who are directly involved in formulating strategies and policies for regional economic integration, particularly in economic corridor development, regional production networks, and connectivity.
Active participation in discussions, networking, brainstorming approaches, and building understanding about policy issues facing the region.
- Improved capacity of government officials to understand concepts, models and drivers of economic corridors as well as to design 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, uploaded on the ADBI website.
How to register
By invitation only.
Southeast Asia Regional Department (SERD), 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
8:00 - 17:00