Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/109608 
Year of Publication: 
2013
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration No. 110
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
Regional economic integration through logistics, information network and connectivity improvement can increase the 'virtual size' of an economy as trade with neighboring countries increases. This leads to substantial benefits from scale, network, coordination and agglomeration economies. As is shown, especially in small economies and LDCs, regional economic integration induces the necessary rebalancing needed for integration of the regional portions of Global Value Chains (GVCs) to the global portions of GVCs. This paper demonstrates this with South Asian case studies in GVC development and with the related mapping methodology. This methodology traces a product through an entire channel across a region, from the point of product conception to the point of consumption. As an appropriate set of investment and policy measures is undertaken across a region, it can as we show in the paper, lead to a substantially ‗rebalanced‘ way of income growth.
Subjects: 
Rebalancing
spatial distribution of growth
regional economic integration
South Asia
value chains
JEL: 
C15
F12
F15
O18
R12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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