This book is a rich addition to the existing knowledge on models of
development partnership among developing countries. Unlike the Belt
and Road Initiative (BRI), which exclusively focuses on physical
infrastructure development with a strong financing component by
China, the Asia-Africa Growth Corridor (AAGC) envisages a holistic
approach toward development partnership based on the spirit of
triangular cooperation, demystifying the donor-recipient model of
development cooperation. By integrating four distinct pillars of
cooperation - connectivity and physical infrastructure, capacity
building and skill development, development cooperation projects,
and people-to-people and business-to-business partnerships - the
book provides a succinct account of how a demand-driven
people-centric model of engagement among Asian and African
countries could help achieve inclusive and sustainable development
without creating any fatal dependence on specific countries or
institutions for external funding. In sixteen chapters, the book
covers various theoretical, analytical, and policy discussions with
respect to the concept and modalities of the growth corridor
approach under the free, open, and inclusive Indo-Pacific;
potential opportunities and challenges in economic sectors and
fields like agriculture, manufacturing, trade and investment,
urbanization, industrialization, human resource development, and
the blue economy; social sector priorities including health,
education, skill development, disaster management, and women's
participation; and policy issues relating to trade facilitation,
the identification of joint projects, modalities and instruments of
project execution, and related aspects. The book offers a valuable
resource for students and research scholars working in the fields
of development economics, development cooperation, international
political economy, and international economic relations. It also
serves as a handbook for governments and policymakers on issues
concerning the suitability of development projects, sources of and
innovations in financing, implementation and execution challenges,
private sector involvement, and so on.
General
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