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Innovation Networks and the New Asian Regionalism

A Knowledge Platform on Economic Productivity

Hans-Peter Brunner

The rise of Asia, as well as the future of regional cooperation and integration (RCI) the world over, will be profoundly influenced by the challenges of slowing productivity growth, increasing economic inequalities and systemic vulnerabilities. Such structural reform issues will require RCI policies that complement domestic policy reform. This unique book explains what drives the regional economic integration of nations and their contribution to national knowledge capital. It also lays out how such beneficial integration can generate broad-based, equitable wealth in Europe and Asia.
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Hans-Peter Brunner

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Hans-Peter Brunner

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Hans-Peter Brunner

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Hans-Peter Brunner

Chapter 4, apart from presenting a succinct roadmap for developing Asian regional cluster ecologies, recommends in detail the development of an Asian Regional Integration Observatory. Such an observatory provides a regional consensual focus for operating regionally productive and inclusive activities.

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Hans-Peter Brunner

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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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Mustafizur Rahman, Khondaker Golam Moazzem, Mehruna Islam Chowdhury and Farzana Sehrin

This chapter identifies cross-border initiatives with Bangladesh’s involvement particularly at the bilateral, subregional and regional levels. Some of these initiatives are also integrated with Asia-wide broader connectivity particularly through the Asian Highway and Trans Asian Railway initiatives. Ongoing initiatives include construction and upgrading of multi-lane highways and railways, road and rail bridges, procurement of locomotives and wagons, and construction of internal container river ports. A consensus among the concerned countries is needed with regard to standard operating procedures, harmonization of standards and customs procedures, and service charges and user fees for transit facilities. Additionally, significant investment will be required for trade facilitation and to upgrade border trade facilities at land ports, inland waterways and sea ports. The chapter identifies five key areas where concrete action from major stakeholders is required: (1) mobilizing the necessary funds for building physical infrastructure; (2) identifying and sequencing of priorities; (3) cross-border coordination; (4) building human resources to manage cross-border mega projects; and (5) building supply-side capacities to benefit from connectivity-driven regional market opportunities.