Abstract
Regional corridors are popular components of regional cooperation initiatives and have been in use for several years. Yet discussion about development of these corridors tends to be relatively general in scope and difficult to pin down in terms of content and implications. This paper elaborates on a simple framework for regional corridors development in the context of regional cooperation, anchored on two dimensions of these corridors: the extent to which they are national or regional and the area of their utilization. The framework is subsequently applied to the Greater Mekong Subregion (GMS) regional cooperation program, yielding several implications for its future. The GMS program needs to redefine what constitutes a regional project and to formulate a regional master plan for further development of GMS regional corridors. The framework is also applied toward identifying an appropriate methodology for monitoring performance of regional corridors.
Highlights
Regional corridors are an important part of the toolkit for regional cooperation initiatives
In the two sections, this paper develops and elaborates a simple framework for assessing development of regional corridors in the context of regional cooperation
This paper elaborated on a framework for regional corridor development on the basis of two essential aspects of these corridors, namely, the extent of their regionality and their area of influence or width
Summary
Regional corridors are an important part of the toolkit for regional cooperation initiatives. One approach to development of regional corridors envisages them as transforming through five stages, namely, Stage 1: Transport Corridor, Stage 2: Transport and Trade Facilitation Corridor, Stage 3: Logistics Corridor, Stage 4: Urban Development Corridor, and Stage 5: Economic Corridor This taxonomy is a useful initial step but needs to be further developed. The framework allows bringing together and analyzing links between various concepts of importance in regional cooperation such as (i) corridor development, (ii) trade and transport facilitation, (iii) measuring and monitoring performance of corridors, and (iv) logistics development. Analyzing such links highlights complementarities and trade-offs across these categories that may need to be recognized in operational work in regional cooperation. By embedding TTF within the broader context of corridors development, the framework can contribute to improving the operational context of TTF initiatives and to better prioritization of scarce resources
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