Asia Africa Growth Corridor: Development Cooperation and Connectivity in the Indo-Pacific
Prakash, Anita | October 2018
Abstract
Asia and Africa are conjoined by the Indian Ocean and the two regions provide a renewed opportunity for partnership for sustainable development.
The conceptualisation of an Asia Africa Growth Corridor (AAGC) by Prime Ministers Shinzo Abe and Narendra Modi is the convergence of the Free and Open Indo Pacific (FOIP) and Act East Policy of the two countries. The AAGC will bring out the economic gains for Africa through its integration with India, South Asia, Southeast Asia, East Asia, and Oceania. It sets out a new paradigm of connectivity and cooperation in Indo Pacific region. AAGC draws on the strength of shared values, convergent interest, and complementary skills and resources, to promote economic and social development, capacity building, connectivity, and infrastructure development in the Indo-Pacific region. It is expected to be a model for inter-regional growth, propelled by mutual trust and cooperation amongst friends and partner countries in Asia, Oceania, and Africa.
Citation
Prakash, Anita. 2018. Asia Africa Growth Corridor: Development Cooperation and Connectivity in the Indo-Pacific. © Economic Research Institute for ASEAN and East Asia. http://hdl.handle.net/11540/9383.ISSN
2086-8154
Keywords
Free Trade
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Intraregional Trade
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Economies in transition
International economy
Border integration
Economic integration
Gross domestic product
Trade policy
Trade Regulations
Exchange Rate
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West
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