Download PDF by Masami Ishida (eds.): Border Economies in the Greater Mekong Subregion

By Masami Ishida (eds.)

ISBN-10: 1137302917

ISBN-13: 9781137302915

ISBN-10: 1349453986

ISBN-13: 9781349453986

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Additional resources for Border Economies in the Greater Mekong Subregion

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1). The Southern Economic Corridors (SEC) or R1 of the roads prioritized in the GMS projects are composed of three subcorridors. The Central Sub-Corridor connects Vung Tau, a port city of Vietnam, and Bangkok by way of Ho Chi Minh City and Phnom Penh. Further, the sections between Phnom Penh and Sisophon are divided into two routes: National Route (NR) No. 5, which passes the areas below such as Tonle Sap Lake, and NR No. 6, which passes the areas above the lake. Then, the Southern Coastal Sub-Corridor starts from Nam Can, near the tip of the Indochina Peninsula, passes through Ha Tien of Vietnam and Kampot of Cambodia, and reaches Trat, a coastal province of Thailand with Cambodia.

Casinos can be seen not only at Bavet, but also at several border cities in the GMS. Most of the casinos are located on the side of the lower-income country, and gambling is prohibited in the higher-income country. In other words, as a result of the existence of the regulation in the higher-income country, the lower-income country develops a casino business at border areas by attracting gamblers or tourists from the higher-income country. The CLM countries develop casinos targeting the tourists of the GMS Middle-income Countries/Regions, and Vietnam develops casinos at border areas with China.

This situation is similar to the GMS area since the second half of 1985; the GMS countries have opened their borders through the wave of adopting a market economy by socialist countries. With this wave, cross-border trade has been liberalized and trade procedures have been simplified. Consequently, cross-border trade has been increased at many borders in the GMS. Even at the second stage, the cross-border movement of the labor force, one of the most important factors of production, is likely to be difficult.

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Border Economies in the Greater Mekong Subregion by Masami Ishida (eds.)


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