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Hans-Peter Brunner

The second and third chapters, acknowledging the differences between the Baltic Sea Region and Asia, spell out key lessons from the Baltic Sea Regional experience, which are applicable in the context of Asian regions. Chapter 2 shows how Baltic Sea Region economies quickly revived the economic mystique of the Eurasian medieval silk roads, the trading union of the ‘Hanse’, with their cooperative bottom-up and consensual regional development institutions. These resurrected institutions successfully leveraged the regional drivers of productivity growth. Productivity growth was accompanied by increased economic inclusiveness (cohesion) in the region through, among others, institutional twinning programs for human capital accumulation.

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Hans-Peter Brunner

Chapter 3, taking into account field interactions in the Greater Mekong Subregion and in Central Asia Regional Economic Cooperation economies, demonstrates a need for policy and knowledge tools in Asia which can drive regions successfully into the ecology of clusters and economic corridors: (a) via agglomeration economies; (b) via increase in value-added share in and along regional and global value chains; and (c) via structure transformation into higher skill industries and services.

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Edited by Michael G. Plummer, Peter J. Morgan and Ganeshan Wignaraja

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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.
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Zoltán J. Ács, László Szerb and Erkko Autio

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Zoltán J. Ács, László Szerb and Erkko Autio

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Edited by Biswa Nath Bhattacharyay, Masahiro Kawai and Rajat M. Nag

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Biswa Nath Bhattacharyay, Masahiro Kawai and Rajat M. Nag

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Edited by Werner Baer