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Prospects and challenges of integrating South and Southeast Asia

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  • Bhattacharyay, Biswa Nath

Abstract

Integrating the Southeast Asia with South Asia through trade and economic integration and physical and soft connectivity can contribute to peace, prosperity and stability of these two regions. This paper examines the prospects, challenges and benefits of enhancing trade, investment, production and infrastructure connectivity cooperation and integration between these two regions for catalyzing their socio-economic transformation, including the important role of Myanmar. It also examines the trends, achievement drivers, and prospects of economic growth and developments of these regions until 2030. The paper also provides policy recommendations for enhancing regional cooperation and integration. In view of global financial crisis of 2008 and ongoing European debt crisis, advance economies that are principal export markets of South and Southeast Asia economies may witness slow growth and even in recession in short term. Further integration of these two regions will generate increased intraregional trade and reduce their dependence on advanced economies.

Suggested Citation

  • Bhattacharyay, Biswa Nath, 2013. "Prospects and challenges of integrating South and Southeast Asia," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 3(2), pages 40-66.
    • Handle: RePEc:gok:ijdcv1:v:3:y:2013:i:2:p:40-66
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    References listed on IDEAS

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    1. Athukorala, Prema-chandra & Kohpaiboon, Archanun, 2009. "Intra-Regional Trade in East Asia: The Decoupling Fallacy, Crisis, and Policy Challenges," ADBI Working Papers 177, Asian Development Bank Institute.
    2. World Bank, 2011. "World Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2315, December.
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    Cited by:

    1. M. G. C. N. Madadeniya & S. Sivarajasingham, 2018. "Which Is Better For Economic Growth In Sri Lanka, Trade With Saarc Or Trade With Asean?," Journal of Smart Economic Growth, , vol. 3(3), pages 95-116, December.
    2. Debapriya Bhattacharya, 2015. "Regional Integration and the Post-2015 Framework," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(2_suppl), pages 119-141, September.
    3. G.D.N.M Godagampala, 2018. "Impact Of Investments In Human Capital Determinants On Economic Growth: Time Series Analysis Based On Sri Lanka," Journal of Smart Economic Growth, , vol. 3(3), pages 85-93, December.

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    More about this item

    Keywords

    Trade and economic integration; ASEAN; SAARC; South and Southeast Asia; connectivity; regional cooperation and integration; production network;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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