Infrastructure for Integrating South and Southeast Asia
ADBI series on Asian Economic Integration and Cooperation
Edited by Michael G. Plummer, Peter J. Morgan and Ganeshan Wignaraja
This chapter summarizes the overall purpose, background, major findings and policy recommendations in this book. The goal of this book is to identify the main constraints to South Asian–Southeast Asian economic integration, to provide specific policies that governments – together with the private sector and other development partners – should follow to overcome them, and to estimate the potential benefits and costs of those policies. It surveys the key issues, delineates existing bottlenecks and what can be done to resolve them, and considers the stakes involved, that is, the benefits and costs of deepening inter-regional links. It offers policy recommendations for governments, presents promising new approaches for regional institutions, identifies priority projects, and uses a computable general equilibrium model to estimate overall benefits and impacts of various scenarios of greater cross-regional integration. The chapter provides the historical background of integration between the two regions, and describes the current state of trade and investment integration. It then summarizes the findings of the chapters and, finally, synthesizes some of the main findings of the study and summarizes key policy recommendations.