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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.

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.

One way to reduce poverty in developing countries is to make it cheaper and easier for migrant workers to send money home.

Technology can help reboot the tourism sector by enabling contactless and digital transactions and mapping COVID-19 infections for disease control.

The pandemic opens an opportunity to reset CAREC’s aviation industry through green lanes and domestic tourism, among others.  

Countries need to adopt new regulations and technologies to counter an estimated $66 million net welfare loss by 2040.

CAREC countries adopt diversification strategies as they shift to a market-oriented agriculture.

Local government can enhance the developmental impact of remittances, increase migrants’ capacities, and support their communities.