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Economic Cooperation and Regional Integration in the Greater Mekong Subregion (GMS)

Author

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  • Yann Duval

    (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP))

Abstract

Following a brief survey of the various economic cooperation programs and initiatives in which countries of the Greater Mekong Subregion (GMS) - particularly Cambodia, Lao People's Democratic Republic, Myanmar and Vietnam (CLMV) - are engaged, this paper examines the extent to which GMS economies have coveraged and become integrated, among themselves but also with other ASEAN countries. Preliminary evidence of stakeholders' involvement in selected subregional cooperation initiatives in also presented. Although all GMS countries have experienced rapid growth over the past 15 years, no evidence is found that participation of CLMV in subregional cooperation and integration initiatives has led to a narrowing of the gap between the least and most developed GMS and ASEAN countries. While significant progress has been made in reducing poverty, within-country inequality also increased during that period. In addition, while intra-GMS and intra-ASEAN trade both increased, trade of Cambodia and Lao PDR with other GMS or ASEAN countries remain small. If the various subregional cooperation frameworks are to significantly reduce the development gap among members, activities more directly aimed at this objective may need to be emphasized. Re-thinking institutional arrangements for regional cooperation at both the national and subregional/regional levels may be considered in order to facilitate participation of a more representative set of stakeholders in the prioritization of activities and to ensure synergies between the various initiatives can be captured.

Suggested Citation

  • Yann Duval, 2008. "Economic Cooperation and Regional Integration in the Greater Mekong Subregion (GMS)," Working Paper Series 208, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    • Handle: RePEc:unt:wpaper:swp208
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    Citations

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    Cited by:

    1. François Bafoil & Ruiwen Lin, 2010. "Re-examining the Role of Transport Infrastructure in Trade, Regional Growth and Governance: Comparing the Greater Mekong Subregion (GMS) and Central Eastern Europe (CEE)," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 29(2), pages 73-119.
    2. Kornkarun Cheewatrakoolpong, 2009. "Towards a better understanding of the political economy of regional integration in the GMS: Stakeholder coordination and consultation for subregional trade facilitation in Thailand," Working Papers 7209, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    3. Seyed Komail Tayebi & Zohreh Shirani Fakhr, 2013. "Does Economic Collaboration Adjust the Effects of Financial Crises on Poverty in the Islamic Countries?," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 18(1), pages 135-155, winter.
    4. Xiong Bin & Wen Shuhui, 2009. "Towards a better understanding of the political economy of regional integration in the GMS: Stakeholder coordination and consultation for subregional trade facilitation in China," Working Papers 7709, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    5. Sothy Khieng, 2009. "Towards a better understanding of the political economy of regional integration in the GMS: Stakeholder coordination and consultation for subregional trade facilitation in Cambodia," Working Papers 7509, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..

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