Sometimes misunderstood as highway projects, the concept of economic corridors can be complex and confusing. Though not simple, they are powerful tools for reducing poverty and increasing economic growth.
Economic corridors, like the East-West Corridor running through the Greater Mekong Subregion, are much more than just highways. They link a variety of economic activities and have wide-ranging impacts.
The Myanmar government recently approved a project that will ensure the completion of the Greater Mekong Subregion East-West Economic Corridor, which stretches from Danang, Viet Nam to Yangon, Myanmar.
The countries of the Greater Mekong Subregion (GMS) have undergone an amazing transformation since 1992, and more changes are on the way. Here are 10 things you might not know about this dynamic subregion.
KUNMING, PEOPLE’S REPUBLIC OF CHINA (10 June 2015) – Ministers and senior officials from the six Greater Mekong Subregion countries and the Vice-President of the Asian Development Bank will convene tomorrow at the 7th GMS Economic Corridors Forum to discuss how to further develop economic corridors, facilitate cross-border transport and trade, and enhance cooperation and private sector participation – including the development of Special Economic Zones.
A Greater Mekong Subregion project helps builds a transmission line from Viet Nam to Cambodia to provide a steady supply of electricity to communities and industries in the southern part of the country.
In Cambodia's Kampot province, local businesses thrive with the development of the Greater Mekong Subregion's Southern Coastal Corridor.
MANDALAY, MYANMAR (28 June 2012) - Ministers and senior government officials from the six Greater Mekong Subregion countries met today to discuss ways of expanding economic corridors to better facilitate the movement of people and products around the subregion.