ADB's Focus on Regional Cooperation and Integration (RCI)
In the Spotlight
乐动体育注册The global value chains that help drive Asia’s export-driven economic miracle have widespread development impacts. We need to understand them better to maximize the benefits.
乐动体育注册Important changes are underway for Southeast Asia’s relationship with its biggest trading partner, the People’s Republic of China.
乐动体育注册ADB President Mr. Takehiko Nakao today reaffirmed ADB’s support for two subregional development initiatives—the Indonesia–Malaysia–Thailand Growth Triangle (IMT–GT) and the Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP–EAGA).
Arjun Goswami, who leads ADB’s Thematic Group on Regional Cooperation and Integration, explains the bank’s approach to Regional Cooperation and Integration (RCI). Watch the interview
Regional cooperation and integration (RCI) is a process by which national economies become more interconnected regionally. RCI plays a critical role in accelerating economic growth, reducing poverty and economic disparity, raising productivity and employment, and strengthening institutions. It narrows development gaps between ADB’s developing member countries (DMCs) by building closer trade integration, intraregional supply chains, and stronger financial links, enabling slow-moving economies to speed their own expansion.