This technical assistance (TA) aims to define a second generation RCI agenda related to trade and investment (pillar 2 of the RCI Strategy) and productivity and promote this among key stakeholders. The TA will have three key outputs: (i) Analytical studies on special economic zones and production networks; small and medium size enterprises and production networks; trade facilitation; trade and supply chain financing; trade logistics; and regional institutions and financing mechanisms; (ii) Knowledge events including a Roundtable Conference to be held in November 2014; workshops to discuss initial findings; and dissemination events to present the key findings of the research work; and (iii) Knowledge products, including a book containing the analytical studies and working papers.
|Project Name||Roundtable Conference: Future Asian Regional Cooperation and Integration Agenda|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Knowledge solutions
Private sector development
|Sector / Subsector||
Finance / Money and capital markets
Industry and trade / Trade and services
Public sector management / Economic affairs management
|Gender Equity and Mainstreaming||No gender elements|
|Description||This technical assistance (TA) aims to define a second generation RCI agenda related to trade and investment (pillar 2 of the RCI Strategy) and productivity and promote this among key stakeholders. The TA will have three key outputs: (i) Analytical studies on special economic zones and production networks; small and medium size enterprises and production networks; trade facilitation; trade and supply chain financing; trade logistics; and regional institutions and financing mechanisms; (ii) Knowledge events including a Roundtable Conference to be held in November 2014; workshops to discuss initial findings; and dissemination events to present the key findings of the research work; and (iii) Knowledge products, including a book containing the analytical studies and working papers.|
|Project Rationale and Linkage to Country/Regional Strategy||
In 2014, after almost a decade has passed since the approval of the RCI strategy and more than 5 years since the adoption of ADB''s Strategy 2020, the region is faced with a rapidly changing global economic environment characterized by the tapering of the United States' quantitative easing, the threatening rise in global interest rates, volatile foreign direct investment flows as a result of advanced economies' recovery, the economic slowdown of the People''s Republic of China (PRC), and the changing role of Japan''s production networks. This has repercussions on the region by making the environment for traditional _Factory Asia_ exports more difficult and potentially hurting traditional intermediate goods trade in Asia.
To further analyze the changing global economic trends in the context of ADB''s efforts to implement its Strategy 2020, ADB has conducted a midterm review of the strategy. Included in the findings of the midterm review is the need to focus attention on the path that RCI has to take on structural reforms, over and above national efforts, to counter slowing productivity growth, reduce inequality, and mitigate vulnerability risks in the region. Given the complexities of the productivity, inequality, and vulnerability issues in the context of RCI, as discussed in the midterm review, special attention must be given to each issue on a sequential basis rather than to all three at once. The focus for 2014 will be on productivity. Two other RCI drivers - inequalities and vulnerabilities - would be addressed in 2015 and 2016, respectively.
This TA aims to implement the part of the recommendations of ADB's midterm review on second generation RCI that focuses on the recent slowdown in productivity growth globally and regionally with its scope narrowed down to pillar 2 of the RCI strategy (trade and investment). Through knowledge and understanding of the key issues surrounding the next phase of the RCI strategy for trade and investment and, subsequently, applying this within the context of the developing member countries (DMCs), the TA will help strengthen ADB''s role as a catalyst and coordinator of RCI for DMCs.
|Impact||Second-generation RCI policies and recommendations (trade- and productivity-driven growth) implemented in ADB DMCs|
|Description of Outcome||Second-generation RCI agenda (focused on trade- and investment-driven productivity) supported by DMCs and other stakeholders|
|Progress Toward Outcome||
At the Asian RCI Roundtable Conference: The Future of RCI and Productivity organized at the ADB headquarters on 17-18 November 2014, about 170 DMC government officials and representatives of the private sector, think tanks, ADB, and other multilateral and bilateral agencies gathered to discuss elements of the future RCI agenda identified through the TA research findings.
The TA also supported extensive consultation with DMCs under the subregional programs (CAREC, BIMP-EAGA, GMS and Pacific Islands Forum), where ADB clients' views and suggestions on priorities of future RCI engagement were collected and incorporated in the RCI Operational Plan (RCI-OP) approved on 8 September 2016.
|Description of Project Outputs||
1. Analytical studies on the following topics conducted:
a. Special economic zones and production networks
b. Small and medium-sized enterprises and production networks
c. Trade facilitation and trade agreements
d. Trade and supply chain financing
e. Trade logistics
f. Regional institutions and financing mechanisms
2. Knowledge events highlighting the second-generation RCI agenda focused on enhancing productivity through trade and investment cooperation and integration conducted
3. Knowledge products presenting the second-generation RCI agenda published and disseminated
|Status of Implementation Progress (Outputs, Activities, and Issues)||
Six research papers have been completed: (i) stylized facts on productivity growth; (ii) boosting productivity in fragile and landlocked states; (iii) role of regional financing mechanisms in driving productivity growth; (iv) how RCI can help middle-income and high-income Asian countries; (v) economic zones as instruments for regional production networks and supply chains; and (vi) opportunities and challenges for enhanced connectivity between South Asia, Southeast Asia, East Asia, and beyond. These papers were presented at the Asian RCI Roundtable Conference: The Future of RCI and Productivity organized at the ADB headquarters on 17-18 November 2014 (please see outcome section)
In addition, the TA has supported analytical work on future RCI opportunities related to the proposed three operational directions in the RCI-OP, namely (i) strengthening connectivity between economies, (ii) raising competitiveness in connected markets, and (iii) investing in regional public goods and collective action. Such work provided sound analysis on the RCI challenges and needs of ADB's DMCs in advancing the RCI agenda, and stronger justification for the three operational directions to scale up and strengthen ADB's future RCI operations. The analysis also incorporated recommendations by IED''s thematic evaluation study on ADB''s RCI work. The TA also supported extensive consultation with DMCs under the subregional programs (please see outcome section).
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
The TA will require about 15 person-months of international (individual) and 30 person-months of national (individual) consulting services. The international sector specialists will provide technical and analytical support to ADB focal persons in drafting and finalizing the analytical studies and undertake surveys related to the studies. Another international consultant will be the economics editor. The national consultants will assist in the development of analytical studies, conduct of knowledge events, and publication of knowledge products: one research associate to provide research support to the TA team and one project coordinator to assist in supervising and coordinating the delivery of TA outputs as well as provide administrative support to the TA. Survey experts (firms) may be engaged for the preparation of some of the analytical studies under least cost selection.
During implementation, additional consulting inputs were identified and included in the requests for minor change in scope.
|Procurement||Purchases of equipment and statistical databases may be undertaken as needed.|
|Responsible ADB Officer||Hu, Xinglan|
|Responsible ADB Department||Economic Research and Regional Cooperation Department|
|Responsible ADB Division||Office of the Chief Economist, ERD|
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
|Concept Clearance||14 May 2014|
|Fact Finding||03 Feb 2014 to 22 May 2014|
|Approval||25 Aug 2014|
|Last Review Mission||-|
|Last PDS Update||30 Sep 2016|
|Financing Plan/TA Utilization||Cumulative Disbursements|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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|Title||Document Type||Document Date|
|Roundtable Conference: Future Asian Regional Cooperation and Integration Agenda: Technical Assistance Report||Technical Assistance Reports||Aug 2014|
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