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Blockchain technology is making waves in developing countries across Asia.
The CAREC transport corridors present reliable alternatives to maritime chokepoints, especially for shorter distances and time-sensitive goods.
Better transport infrastructure and digitized border clearance procedures are essential to boost regional trade through rapid cargo movement.
CAREC countries can benefit from cross-border frequency regulation to boost grid stability and reduce costs.
FDI-recipient countries show positive growth in productivity but their technology gains depend on absorption capacity.
This study examines the impediments and gaps that hinder the growth of regional trade and ways to reverse declining trade efficiency.
Creating an enabling environment for financial technology and innovation and building public trust are key to encouraging more people to bank.
Strengthen regional initiatives by harnessing advances in technology, promoting cross-border technology transfer, and harmonizing policies and standards.
Harmonization of transportation and customs policies will boost the corridor’s potential as an alternative trade route between Asia and Europe.
Technology can help reboot the tourism sector by enabling contactless and digital transactions and mapping COVID-19 infections for disease control.