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Challenges to Regional Services Integration in South Asia

Author

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  • Rupa Chanda

Abstract

Regional integration in services in South Asia holds considerable potential across many services. This article highlights the scope for and potential benefits from regional integration of services in this region and the many sectoral as well as cross-cutting challenges to this process. The article argues that there are regulatory, infrastructural, institutional and business environment related constraints in the SAARC member countries, which impede regional services integration. There are also political economy challenges which prevent progress on critical cross-cutting issues such as intraregional mobility of service providers and investment. The article argues for a broad-based, flexible regional services agreement, which takes a progressive approach to services integration alongside regional efforts to address issues of investment, regulatory harmonization, labour mobility and connectivity, national efforts to address issues of regulatory, institutional, infrastructural and human resource capacity and a favourable policy orientation and mindset at the individual country level.

Suggested Citation

  • Rupa Chanda, 2015. "Challenges to Regional Services Integration in South Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(2_suppl), pages 19-38, September.
    • Handle: RePEc:sae:soueco:v:16:y:2015:i:2_suppl:p:19s-38s
    DOI: 10.1177/1391561415594730
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    Citations

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    Cited by:

    1. Anil Kumar Kanungo, 2018. "Regional Integration in Services in South Asia," International Studies, , vol. 55(2), pages 167-193, April.
    2. Susara J. Jansen Van Rensburg & Riaan Rossouw & Wilma Viviers, 2020. "Liberalizing Bangladesh’s Services Trade: Is Joining Trade in Services Agreement the Way to Go?," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 21(1), pages 99-121, March.

    More about this item

    Keywords

    Services; integration; regulation; mobility; infrastructure; regional cooperation;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • L8 - Industrial Organization - - Industry Studies: Services

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