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Regional Integration in South Asia

Trends, Challenges and Prospects

image of Regional Integration in South Asia

Regional Integration in South Asia: Trends, Challenges and Prospects presents an objective assessment of trade and economic co-operation among South Asian nations and highlights policy issues to foster regional integration. The analyses presented in this volume go beyond the usual discussions on trade-in-goods to provide insightful perspectives on potential new areas of co-operation, emerging challenges, and country-specific views on regional and bilateral trade co-operation issues.

Written by influential analysts and researchers, the volume’s 24 chapters include perspectives from Bangladesh, India, Maldives, Nepal, Pakistan and Sri Lanka, and examinations of new areas of co-operation such as investment, regional supply chains, energy and cross-border transport networks.

English

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Promoting Regional Energy Co-operation in South Asia

It is well established that supply of adequate, reliable and reasonably priced energy is one of the key inputs for sustainable socio-economic development of any region. South Asia is not only the second fastest growing region in the world; it is also one of the poorest, which puts energy at the very heart of the development process in the region. According to the United Nations (UN) World’s Economic and Social Situation and Prospects 2013, the region registered a growth rate of 8.3 per cent and 5.8 per cent in the years 2010 and 2011 respectively, with projections of 4.4 per cent in 2012. Despite this, significant progress remains to be made. With a population of over 1.6 billion, the region is home to half of the world’s poor. This huge population growth coupled with expanding economies has spurred ever-increasing pressures of energy demand for countries in the region. The International Energy Agency (IEA) has projected that South Asia could have the highest growth rate of energy consumption in the world by 2020.

English

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