India's Role in South Asia Trade and Investment Integration
Kumar, Rajiv; Singh, Manjeeta | July 2009
Abstract
Recent developments in South Asian countries, especially the re-emergence of democratic governments, new growth momentum despite the global economic downturn and greater openness, warrant a fresh look at the region’s prospects for economic integration. On the basis of a thorough review of the literature on potential and prospects of regional integration in South Asia and after examining the trends in intra-SAARC trade and investment flows, this paper finds that the progress in regional cooperation has been far short of potential. The paper, therefore, focuses on the ‘real impediments’ to regional integration and on that basis makes a set of policy oriented recommendations for furthering deeper regional integration in South Asia. It also emphasizes that given its dominant size, human resources, and aspirations for a global role, India will have to take on a disproportionately larger responsibility for promoting regional cooperation in South Asia. However, regional integration will not be achieved by India’s unilateral actions alone. Neighboring governments will have to respond positively to Indian initiatives for successful regional integration in South Asia.
Citation
Kumar, Rajiv; Singh, Manjeeta. 2009. India's Role in South Asia Trade and Investment Integration. © Asian Development Bank. http://hdl.handle.net/11540/1816. License: CC BY 3.0 IGO.Keywords
Regionalism
Regional Economy
Regional Trading Arrangements
Regional Trade Integration
Regional Economic Integration
Regional Cooperation
Interregional Cooperation
Trade Disputes
Trade Barriers
Economic integration
Regional Development Bank
Preferential tariffs
International negotiation
Protectionist measures
Access to markets
Economic agreements
International trade law
Regional integration
Trade relations
Regional disparities
Interregionalism
Regional economic disparities
Regional economic blocs
Industrial arbitration
Show allCollapse
Citable URI
http://hdl.handle.net/11540/1816Metadata
Show full item recordUsers also downloaded
-
International Spillovers of Monetary Policy: US Federal Reserve's Quantitative Easing and Bank of Japan's Quantitative and Qualitative Easing
Kawai, Masahiro (Asian Development Bank, 2015-01-15)This paper assesses the impact of unconventional United States (US) and Japanese monetary policies on emerging economies, and explores policy coordination issues to promote macroeconomic and financial stability in developed and emerging economies. The paper first considers a theoretical framework that allows us to analyze the impact of one country’s monetary policy on other economies. There are two ...This paper assesses the impact of unconventional United States (US) and Japanese monetary policies on emerging economies, and explores policy coordination issues to promote macroeconomic and financial stability in developed and emerging economies. The ... -
Disaster Management: A Disaster Manager's Handbook
Carter, W. Nick (Asian Development Bank, 2008-12-15)This handbook is a ready reference guide for those actively involved with management of natural disasters before, during, and after disaster situations in developing member countries. It draws upon disaster management practices in Asia and the Pacific and endeavors to relate realistically to the needs of national disaster managers.This handbook is a ready reference guide for those actively involved with management of natural disasters before, during, and after disaster situations in developing member countries. It draws upon disaster management practices in Asia and the Pacific ... -
Fire, Smoke and Haze: The ASEAN Response Strategy
Asian Development Bank (Asian Development Bank, 2001-02-01)This publication, a joint effort of ADB and the Association of Southeast Asian Nations, brings together the current knowledge about land and forest fires, examines their causes and impacts with particular reference to Southeast Asia, and suggests what could happen in the future.This publication, a joint effort of ADB and the Association of Southeast Asian Nations, brings together the current knowledge about land and forest fires, examines their causes and impacts with particular reference to Southeast Asia, and suggests what ...