Regional cooperation and integration (RCI) is pivotal in enhancing economic growth,
financial stability, and social inclusion, and important for tackling poverty and enhancing
institutional stability. It features in national development strategies generally and is central in
implementing the Agenda for Sustainable Development.
In recent decades, Asia and the Pacific has made significant progress toward regional
integration, driven by trade and investment and the growing role of global production
networks. Institutional arrangements for regional cooperation have followed. The region
can do more to support RCI policies, however, and as such adequate metrics are therefore
needed to properly monitor and assess progress in this area. A number of initiatives have
thus emerged to improve measurement and capture the increasingly complex dimensions
of RCI. Most approaches are aimed at capturing relevant dimensions for regional integration,
including infrastructure and connectivity, trade and investment flows, regional value chains,
movement of people, and institutional and social integration, among others.

You May Also Like