Geo-Economic Importance Index for Doubling the Efforts by 2030

Kaliappa Kalirajan (), Kazi Arif Uz Zaman and Venkatachalam Anbumozhi
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Kazi Arif Uz Zaman: Bangladesh Bank (The Central Bank of Bangladesh) Head Office, Motijheel
Venkatachalam Anbumozhi: Economic Research Institute for ASEAN and East Asia (ERIA)

Chapter 11 in Sustainable Development Goals and Pandemic Planning, 2022, pp 479-503 from Springer

Abstract: Abstract The Association of Southeast Asian Nations have been working towards ‘doubling the efforts’ of achieving the Sustainable Development Goals (SDGs) by 2030. It is strategically important to make an assessment of member countries for their “regional integration contributions” to improving the trans-boundary macroeconomic effects on achieving SDGs. In this context, this study has developed a performance measure – ‘Geo-economic Importance Index’ (GEII) – by incorporating the major components of the important subset of both the ASEAN community Vision 2025 and the UN2030 Agenda. The subset is: (i) Poverty Reduction (SDG 1) (ii) Infrastructure and Connectivity (SDG 9) (iii) Natural Resource Management (SDG 15) (iv) Sustainable Consumption and Production (SDG 12) and (v) Resilience Capacity (SDG 13). The results of the empirical analysis indicate that the Regional Comprehensive Economic Partnership (RCEP) cooperation enables more ASEAN members to accelerate their ‘doubling the efforts’ strategy by 2030. The channels through which relatively more acceleration can happen are improving labour productivity and human capital development. Political commitments not to decrease education and health expenditure will be necessary given the migration and population aging, which will increase the demand for education and healthcare services. There is potential to organize select education and healthcare services regionally to improve competency and efficiency in delivery.

Keywords: ASEAN Community Vision 2025; UN2030 Agenda Sustainable Development Goals; Regional Comprehensive Economic Partnership; ‘Doubling the efforts’; Geo-economic Importance Index (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-6734-3_11

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DOI: 10.1007/978-981-16-6734-3_11

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