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Connecting Asia

Infrastructure for Integrating South and Southeast Asia Edited by Michael G. Plummer, Director, SAIS Europe and Eni Professor of International Economics, Johns Hopkins University, Bologna, Italy, Peter J. Morgan, Senior Consulting Economist, Asian Development Bank Institute, Tokyo, Japan and Ganeshan Wignaraja, Overseas Development Institute (ODI), UK
This book analyses how closer regional connectivity and economic integration between South Asia and Southeast Asia can benefit both regions, with a focus on the role played by infrastructure and public policies in facilitating this process. Country studies of national connectivity issues and policies cover Bangladesh, India, Myanmar, Nepal, Sri Lanka and Thailand, examining major developments in South Asia–Southeast Asia trade and investment, economic cooperation, the role of economic corridors, and regional cooperation initiatives. Thematic chapters explore investment in land and sea transport infrastructure, trade facilitation, infrastructure investment financing, supporting national and regional policies, and model-based estimates of the benefits of integration. Employing a state-of-the-art computable general equilibrium (CGE) model, the book provides a detailed an up-to-date discussion of issues, innovations and progress.
In Association with the Asian Development Bank
Extent: 416 pp
Hardback Price: $161.00 Web: $144.90
Publication Date: 2016
ISBN: 978 1 78536 347 4
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This book analyses how closer regional connectivity and economic integration between South Asia and Southeast Asia can benefit both regions. With a focus on the role played by infrastructure and public policies in facilitating this process, it provides a detailed and up-to-date discussion of issues, innovations, and progress. Country studies of national connectivity issues and policies cover Bangladesh, India, Myanmar, Nepal, Sri Lanka, and Thailand, examining major developments in trade and investment, economic cooperation, the role of economic corridors, and regional cooperation initiatives.

Thematic chapters explore investment in land and sea transport infrastructure, trade facilitation, infrastructure investment financing, supporting national and regional policies, and model-based estimates of the benefits of integration. They also identify significant opportunities for strengthening these integration efforts as a result of the recent opening up of Myanmar in political, economic, and financial terms. For the first time for these regions, the book employs a state-of-the-art computable general equilibrium (CGE) model incorporating heterogeneous firms to estimate the advantages of integration.

Providing perspective on the latest thinking on integration policy, Connecting Asia is an essential resource for academics, policymakers, and business people alike.
‘Overall, this book makes a significant contribution to our understand-ing of what will be needed to more closely link these twolarge andvitalregionsoftheworld’seconomy.’
– Asian-Pacific Economic Literature
Contributors: A. Bayley, T. Chalermpalanupap, K. Cheewatrakoolpong, S. Chirathivat, M.I. Chowdhury, M.I. Corpuz, P. De, H. Florento, J.-F. Gautrin, F. Hutchinson, B. Karmacharya, R. Mishra, K.G. Moazzem, P.J. Morgan, N. Perera, M.G. Plummer, M. Rahman, P.B. Rana, S. Ray, F. Sehrin, T.M.M. Than, M. Thuzar, D. Weerakoon, D. Wignall, M. Wignall, G. Wignaraja, F. Zhai
Contents

Foreword

1. Introduction and Overview
Michael G. Plummer, Peter J. Morgan and Ganeshan Wignaraja

PART I: HARD INFRASTRUCTURE AND FINANCING
2. Land-based Cross-border Transport Infrastructure
Jean-François Gautrin

3. Infrastructure to Support Seaborne Trade between South Asia and Southeast Asia
David Wignall and Mark Wignall

4. Infrastructure Finance and Financial Sector Development for Cross-Border Connectivity
Shubhomoy Ray

PART II SOFT INFRASTRUCTURE AND IMPACTS
5. Policies to Enhance Trade Facilitation
Anthony Bayley

6. Implementation Challenges and Coordination Arrangements
Moe Thuzar, Rahul Mishra, Francis Hutchinson, Tin Maung Maung Than and Termsak Chalermpalanupap

7. Economic Implications of Deeper South Asian–Southeast Asian Integration: A CGE Approach
Ganeshan Wignaraja, Peter J. Morgan, Michael G. Plummer and Fan Zhai

PART III: NATIONAL STRATEGIES FOR CONNECTIVITY
8. Myanmar: The Land Bridge
Hector Florento and Maria Isabela Corpuz

9. India: Building Connectivity under the Act East Policy
Prabir De

10. Thailand: Key Subregional Hub
Suthiphand Chirathivat and Kornkarun Cheewatrakoolpong

11. Bangladesh: Perspectives on Deepening Cross-border Links
Mustafizur Rahman, Khondaker Golam Moazzem, Mehruna Islam Chowdhury and Farzana Sehrin

12. Nepal: A Connectivity-Driven Development Strategy
Pradumna B. Rana and Binod Karmacharya

13. Sri Lanka: Regional Sea Transport Hub
Dushni Weerakoon and Nipuni Perera

Index