Evaluating the Effectiveness of GMS Economic Corridors: Why is There More Focus on the Bangkok-Hanoi Road than the East-West Corridor?
Masami Ishida
No 123, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)
Abstract:
Since the inauguration of the Greater Mekong Sub-region (GMS) Economic Cooperation Program in 1992, road infrastructure projects have played a very important role. Their economic significance, especially, has become a focal point after the introduction of the concept of the three economic corridors in 1998: the East-West Economic Corridor; the North-South Economic Corridor; and the Southern Economic Corridor (Figure 1). The completion of the Second International Mekong Bridge between Mukdahan, Thailand and Savannakhet, Laos was an epoch-making event in the development of the East-West Economic Corridor. The business community, however, has paid more attention to the Bangkok-Hanoi Road than the East-West Economic Corridor. This study examines the reasons why the former has received more focus than the latter, by using criteria such as population density and the economic scale at a provincial or state level. Thereafter, the effectiveness of other economic corridors is examined, by applying the same criteria.
Keywords: Transportation; Gravity; Population; Regional Income; Thailand; Vietnam; Southeast Asia; Regional economic cooperation; Greater Mekong Sub-region (GMS); 運送; 引力; 人口; 地域所得; タイ; ベトナム; 東南アジア; 域内経済協力; 大メコン圏 (search for similar items in EconPapers)
JEL-codes: M31 R40 R58 (search for similar items in EconPapers)
Date: 2007-10-01
New Economics Papers: this item is included in nep-dev and nep-sea
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 123. 2007-10-01
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