Progress of CADP Projects

Outline

ERIA has conducted a series of research projects to aid the formulation of the Comprehensive Asia Development Plan (CADP), in response to a request from the leaders of the East Asia Summit, as 'a coherent master plan, which would contribute to coordinating, expediting, upgrading, and expanding sub-regional initiatives and promoting private participation.'

CADP Conceptual Framework

East Asia has been leading the world in sustained economic growth for the past three decades. The strength of the East Asian economies has resided in the unprecedented development of international production networks. After demonstrating strong recoveries from two major economic crises and further upgrading of its combined economy, East Asia has truly become the 'Factory of the World.' However, East Asia is facing a big challenge. On the one hand, economic forces in the era of globalization require an even higher level of de jure and de facto economic integration than before. On the other hand, East Asia consists of countries and regions widely different in their development stages, with diversified historical, cultural, and political backgrounds. How to reconcile two objectives, i.e., deepening economic integration and narrowing development gaps, is an urgent issue for policy discussion in East Asia, and this is what CADP intends to address.

The CADP report is available for download at:
http://www.eria.org/publications/research_project_reports/the-comprehensive-asia-development-plan.html

Progress

ERIA submitted the CADP to the 5th East Asia Summit in October 2010, as a grand spatial design for infrastructure development in East Asia. The conceptual framework of the CADP, which was elaborated based on new international trade theory, namely the fragmentation theory and new economic geography, demonstrates how the region can pursue deepening economic integration as well as narrowing development gaps. This claim was supported by simulation analyses on the impacts of logistic enhancement to the region using the Geographical Simulation Model. CADP also provides a long list of prospective infrastructure projects that would be important to realize the policy recommendation of the CADP.

Figure 1 shows the implementation status of the prospective infrastructure projects provided in the CADP. The conceptual stage means projects that have only a conceptual design or proposal. The feasibility study stage includes preliminary feasibility studies, bankable feasibility studies, and contract stages. The construction stage takes account of the projects under construction and the projects completed but waiting for operation. More than 80% of the projects have reached the feasibility study stage.



Figure 1: Implementation status of CADP infrastructure projects

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Figure 2 shows the 4-year transition of CADP projects from 2011 to 2014. The number of projects which are in the construction and operation stage was 28 percent in 2011 and is 51 percent in 2014. The projects are progressing steadily.


Figure 2: CADP projects; transition from 2011 to 2014

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Figures 3, 4, and 5 illustrate the implementation status of the selected infrastructure projects in the Mekong sub-region, the Indonesia-Malaysia-Thailand Growth Triangle Plus (IMT+) sub-region, and the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area Plus (BIMP+) sub-region, respectively. Positive trends in the Mekong sub-region can be seen compared with IMT+ and BIMP+.

Figure 3: Selected infrastructure projects in the Mekong sub-region

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Figure 4: Selected infrastructure projects in the IMT+ sub-region

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Figure 5: Selected infrastructure projects in the BIMP+ sub-region

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