1887

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

.

Regional Integration in South Asia

An Overview

South Asia is increasingly becoming an important and large market in the global economy, with the region witnessing steady economic growth accompanied by a growing large, young and dynamic workforce and a middle-class population. Since the 1990s, the region has registered an annual average output growth of 6 per cent, while consideration of the past decade (2000–10) alone would result in an even more impressive performance of about 7.5 per cent, which is much higher than the corresponding global GDP growth of 2.8 per cent and more than one percentage point higher than the average growth achieved in developing countries as a group.1 This remarkable economic growth has contributed to declining poverty incidence and improvements in other socio-economic indicators. Nevertheless South Asia continues to render one of the highest poverty levels in the world: a recent World Bank estimate suggests more than 500 million people in the region are living on less than US$1.25 a day.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error