Overview

This book is a rich addition to the existing knowledge on models of development partnership among developing countries. Unlike the Belt and Road Initiative (BRI), which exclusively focuses on physical infrastructure development with a strong financing component by China, the Asia–Africa Growth Corridor (AAGC) envisages a holistic approach toward development partnership based on the spirit of triangular cooperation, demystifying the donor-recipient model of development cooperation. By integrating four distinct pillars of cooperation – connectivity and physical infrastructure, capacity building and skill development, development cooperation projects, and people-to-people and business-to-business partnerships – the book provides a succinct account of how a demand-driven people-centric model of engagement among Asian and African countries could help achieve inclusive and sustainable development without creating any fatal dependence on specific countries or institutions for external funding. In sixteen chapters, the book covers various theoretical, analytical, and policy discussions with respect to the concept and modalities of the growth corridor approach under the free, open, and inclusive Indo-Pacific; potential opportunities and challenges in economic sectors and fields like agriculture, manufacturing, trade and investment, urbanization, industrialization, human resource development, and the blue economy; social sector priorities including health, education, skill development, disaster management, and women’s participation; and policy issues relating to trade facilitation, the identification of joint projects, modalities and instruments of project execution, and related aspects. The book offers a valuable resource for students and research scholars working in the fields of development economics, development cooperation, international political economy, and international economic relations. It also serves as a handbook for governments and policymakers on issues concerning the suitability of development projects, sources of and innovations in financing, implementation and execution challenges, private sector involvement, and so on.

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9789811555527

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Sachin Chaturvedi, author and development economist, has been working on some of the key development challenges developing and least developed countries are facing, including the implementation of SDGs, and access to development finance and technology. He has served as a Global Justice Fellow at the MacMillan Centre for International Affairs at Yale University, Visiting Professor at the Jawaharlal Nehru University (JNU) and consultant to several international agencies and institutions.  He has authored and edited several books and published a large number of research papers in various journals. He is a member of the Board of Governors, Reserve Bank of India and is Director General of RIS. Anita Prakash is the Director (Policy Relations) of the Office of the President, at the Economic Research Institute for ASEAN and East Asia, Jakarta. She plays a key role in policy support to leaders and senior officials in the governments of Southeast Asia, East Asia, Oceania, Europe, andAfrica. Her research covers trade and economic cooperation in East Asia, South Asia and India, multilateralism, global governance and global value chains. Her current research focuses on connectivity and value chains in Indo-Pacific. She edited the Asia–Europe Connectivity Vision 2025 for the ASEM Summit in 2016 and the ‘Brussels Report on Asia–Europe Connectivity’ for the 12th ASEM Summit in 2018, and developed the vision document for the ‘Asia–Africa Growth Corridor’. She was a Visiting Research Associate at the Graduate Institute of International and Development Studies, Geneva from 2016-2019. Priyadarshi Dash is an Assistant Professor at the Research and Information System for Developing Countries (RIS), New Delhi. His research interests broadly cover macroeconomics, international trade and finance. He holds a Ph.D. in Economics from the Indian Institute of Technology (IIT), Bombay, where he received the ‘Award for Excellence in Thesis Work’ in 2011. Dr. Dash has published a book and several papers in peer-reviewed journals. He was a Visiting Fellow at the Korea Institute for Industrial Economics and Trade (KIET), Seoul. He serves on the Editorial Board of Advances in Economics and Business, Cambridge Scholars Publishing, London, and is Managing Editor of G20 Digest.  

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