Review of Configuration of the Greater Mekong Subregion Economic Corridors

Review of Configuration of the Greater Mekong Subregion Economic Corridors

Author
Asian Development Bank
Publisher
Asian Development Bank Institute
Language
English
Edition
1
Year
2018
Page
36
ISBN
9789292610470,9789292610463
File Type
epub
File Size
4.1 MiB

The economic corridor approach was adopted by the Greater Mekong Subregion (GMS) countries in 1998 to help accelerate subregional development. The development of economic corridors links production, trade, and infrastructure within a specific geographic area. The review of these corridors was conducted to take into account the opening up of Myanmar and ensure that there is a close match between corridor routes and trade flows; GMS capitals and major urban centers are connected to each other; and the corridors are linked with maritime gateways. The review came up with recommendations for possible extension and/or realignment of the corridors, and adoption of a classification system for corridor development. The GMS Ministers endorsed the recommendations of the study at the 21st GMS Ministerial Conference in Thailand in 2016.

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