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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.
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.