We develop an index to measure the degree of regional integration in Asia and the Pacific (48 economies in six subregions). The index comprises 26 indicators in six dimensions of regional integration, i.e., trade and investment, money and finance, regional value chains, infrastructure and connectivity, free movement of people, and institutional and social integration.
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To ensure effective and timely achievement of the strategic objectives laid out in CAREC 2020, the 11th CAREC Ministerial Conference held in Wuhan, People’s Republic of China (PRC) in October 2012 endorses the Wuhan Action Plan. Three priority areas of actions are detailed in the Wuhan Action Plan to guide the CAREC Program through its next phase of operations.
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CAREC 2020 provides the strategic framework for the Program’s next 10 years. It reflects the required enhancements in the CAP to move the Program toward its vision of Good Neighbors, Good Partners, and Good Prospects.
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