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The Comprehensive Asia Development Plan (CADP) 3.0: Towards an Integrated, Innovative, Inclusive, and Sustainable Economy

Edited by Fukunari Kimura and Keita Oikawa

No 978-6025-460-42-5 in Books from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: The coronavirus disease (COVID-19) pandemic has caused trade disruptions; a drop in foreign direct investment; and scarring effects on poverty, education, and women in many nations. However, it has also had beneficial features. Factory Asia has continued to produce and export during the pandemic, in contrast with North America and Europe. COVID-19 has boosted digitalisation, notably in information and communication technology (ICT). The adoption of ICT has boosted economic growth. Maintaining the competitiveness of international production networks and utilising digitalisation are essential to the region’s future post-COVID-19. Based on this understanding, the Economic Research Institute for ASEAN and East Asia (ERIA) has developed the Comprehensive Asia Development Plan 3.0 (CADP 3.0). Since the previous version (CADP 2.0) in 2015, nearly 7 years have passed. CADP 3.0 addresses the above-mentioned urgent concerns and discusses economic growth and social problem-solving in the region from the viewpoints of (i) integration, (ii) innovation, (iii) inclusiveness, and (iv) sustainability. CADP 3.0 comprises 18 original chapters on the four viewpoints and digitalisation. First, CADP 3.0 claims that integration is at the core of development strategies. The Association of Southeast Asian Nations (ASEAN) and developing East Asia could use three forms of the international division of labour (the first to the third unbundlings) simultaneously. To stimulate economic growth, the region should adhere to globalisation. Second, CADP 3.0 asserts that digital technology has transformed the nature of innovation. ASEAN and East Asia must move from intensive research and development (R&D) to technology deployment. Combining incremental and disruptive innovation could revive creative manufacturing. Third, CADP 3.0 declares that inclusiveness in its three dimensions – geographical, industrial, and social – is a core value for ASEAN and East Asia. Before resorting to income/welfare redistribution, the region should employ economic forces to achieve inclusiveness wherever practicable. Last, CADP 3.0 affirms that sustainability must be realised through economic expansion and improved well-being. Decarbonisation, resource management, and disaster management are not just long-term objectives but also present challenges. The use of new technology will facilitate international cooperation in establishing a circular economy.

Date: 2022
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Downloads: (external link)
https://www.eria.org/uploads/media/Books/2022-CADP ... full-report-new3.pdf

Chapters in this book:

Ch 1 The Conceptual Framework of New Development Strategies Downloads
Fukunari Kimura and Keita Oikawa
Ch 2 Trade Facilitation and Non-Tariff Measures Downloads
Salvador Buban and Ha Doan
Ch 3 The Importance of Regulatory Coherence for Connected and Integrated ASEAN Downloads
Intan M. Ramli and Mohd Yazid Abdul Majid
Ch 4 Connecting the Connectivity Plans in Asia and Beyond: International Cooperation for Expanded Supply Chains and Resilient Growth Downloads
Anita Prakash
Ch 5 Digital Connectivity Downloads
Lurong Chen
Ch 6 Hard Infrastructure Development Downloads
Masahito Ambashi, Takuya Fujita and Hiroshi Suzuki
Ch 7 Geographical Simulation Analysis Downloads
Satoru Kumagai and Ikumo Isono
Ch 8 Innovation Systems and Digital Transformation Downloads
Keita Oikawa
Ch 9 Skill Development System: Soft Infrastructure for Leapfrogging and Feedback Downloads
Rashesh Shrestha
Ch 10 Global Value Chain, Cities and Urban Amenities: Case Study of ASEAN and East Asia Downloads
Shandre Mugan Thangavelu, Fukunari Kimura and Dionisius Narjoko
Ch 11 Realising Smart Cities Downloads
Realising Smart Cities
Ch 12 The Role of Automotive Sector toward the Regional Economic Development Downloads
Fusanori Iwasaki and Yasushi Ueki
Ch 13 Inclusive Growth Downloads
Fauziah Zen
Ch 14 MSME Responses to the COVID-19 Pandemic and Their Way Forward Downloads
Dionisius Narjoko
Ch 15 Energy Infrastructure Development Downloads
Shigeru Kimura, Venkatachalam Anbumozhi, Phoumin Han, Alloysius Joko Purwanto and Keisuke Ueda
Ch 15 Healthcare Downloads
Vanessa Yong
Ch 16 Food and Agriculture Downloads
Masanori Kozono
Ch 18 Environment and Sustainability Downloads
Venkatachalam Anbumozhi and Michikazu Kojima

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