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Comprehensive Asia Development Plan and Beyond -Growth Strategies for More Prosperous and Equitable East Asia-

Author

Listed:
  • Takeshi Fujimoto

    (Executive Director, JETRO Singapore)

  • Shochiro Hara

    (Senior Consultant, Nomura Research Institute, Ltd.)

  • Fukunari Kimura

    (Economic Research Institute for ASEAN and East Asia (ERIA))

Abstract

Let’s dream of our bright and prosperous future. In the year of 2020, sixteen East Asia Summit (EAS) member countries can reach doubled per capita income compared with their income level in 2008 with proper policy guidance; eight countries may join developed countries with per capita income exceeding US$10,000, five countries could enjoy the status of newly industrialized countries with per capita income between US$3,000 and US$10,000, and three countries would have per capita income above US$1,000. The Comprehensive Asia Development Plan (CADP) provides immediate policy guidance for industrialization through the development of logistics and other economic infrastructure. Beyond CADP, EAS member countries will face novel policy challenges that developing countries in the world have not broken through yet. This policy brief claims that establishing four virtuous cycles will be the key and we must have the courage to meet a number of policy challenges.

Suggested Citation

  • Takeshi Fujimoto & Shochiro Hara & Fukunari Kimura, 2010. "Comprehensive Asia Development Plan and Beyond -Growth Strategies for More Prosperous and Equitable East Asia-," Working Papers PB-2010-02, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:pb-2010-02
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    References listed on IDEAS

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    1. Charles HARVIE & Dionisius NARJOKO & Sothea OUM, 2010. "Firm Characteristic Determinants of SME Participation in Production Networks," Working Papers DP-2010-11, Economic Research Institute for ASEAN and East Asia (ERIA).
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    Cited by:

    1. Ikumo Isono & Satoru Kumagai & Fukunari Kimura, 2012. "Agglomeration And Dispersion In China And Asean: A Geographical Simulation Analysis," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 1-16.
    2. Ikumo Isono & Satoru Kumagai, 2013. "Dawei revisited: Reaffirmation of the importance of the project in the era of reforms in Myanmar," Working Papers PB-2013-01, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Ikumo Isono & Satoru Kumagai, 2012. "The Proposed Cilamaya New International Port is a Key for Indonesian Economic Development: Geographical Simulation Analysis," Working Papers PB-2012-05, Economic Research Institute for ASEAN and East Asia (ERIA).
    4. Ikumo Isono & Satoru Kumagai, 2016. "Economic Impacts of Improved Connectivity for ASEAN: An Application of the Geographical Simulation Model," Asian Economic Policy Review, Japan Center for Economic Research, vol. 11(2), pages 290-306, July.

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