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South Asian Integration Prospects and Lessons from East Asia

Author

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  • Ramesh Chandra

    (Indian Council for Research on International Economic Relations)

  • Rajiv Kumar

Abstract

In the context of the low levels of regional cooperation among South Asian countries when compared with the successful results from cooperation in East Asia (consisting of South East and East Asian countries), the objective of this paper is first to assess the prospects of cooperation among South Asian economies and then to draw lessons from East Asian regional experiments for South Asian regionalism for the betterment of these prospects. The main argument of the paper is that South Asia should adopt a twin-track approach : better integration within itself and better integration with rest of the world particularly East Asia. Both tracks would complement and supplement each other ensuring a greater chance of success.

Suggested Citation

  • Ramesh Chandra & Rajiv Kumar, 2008. "South Asian Integration Prospects and Lessons from East Asia," Trade Working Papers 22147, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:tradew:22147
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    References listed on IDEAS

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    1. World Bank, 2004. "Trade Policies in South Asia : An Overview, Volume 2. An Overview," World Bank Publications - Reports 15657, The World Bank Group.
    2. Michael G. Plummer & Ganeshan Wignaraja, 2006. "The Post-Crisis Sequencing of Economic Integration in Asia: Trade as a Complement to a Monetary Future," Economie Internationale, CEPII research center, issue 107, pages 59-85.
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    5. Kawai, Masahiro, 2005. "East Asian economic regionalism: progress and challenges," Journal of Asian Economics, Elsevier, vol. 16(1), pages 29-55, February.
    6. World Bank, 2004. "Trade Policies in South Asia : An Overview, Volume 1. Operational Summary," World Bank Publications - Reports 14379, The World Bank Group.
    7. World Bank, 2010. "World Development Report 2010," World Bank Publications - Books, The World Bank Group, number 4387, December.
    8. Sawhney Aparna & Kumar Rajiv, 2008. "Rejuvenating SAARC: The Strategic Payoffs for India," Global Economy Journal, De Gruyter, vol. 8(2), pages 1-19, June.
    9. Montek S. Ahluwalia, 2002. "Economic Reforms in India Since 1991: Has Gradualism Worked?," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 67-88, Summer.
    10. World Bank, 2004. "Trade Policies in South Asia : An Overview, Volume 3. Some Key Sectors," World Bank Publications - Reports 15658, The World Bank Group.
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    Cited by:

    1. Mustafizur Rahman & Khondaker Golam Moazzem & Mehruna Islam Chowdhury & Farzana Sehrin, 2014. "Connecting South Asia and Southeast Asia : A Bangladesh Country Study," Development Economics Working Papers 24423, East Asian Bureau of Economic Research.
    2. Rajiv Kumar & Abhijit Sen Gupta, 2008. "Towards A Competitive Manufacturing Sector," Macroeconomics Working Papers 22172, East Asian Bureau of Economic Research.
    3. Rajiv Kumar, 2011. "SAARC: Changing Realities, Opportunities and Challenges," Chapters, in: Ulrich Volz (ed.), Regional Integration, Economic Development and Global Governance, chapter 1, Edward Elgar Publishing.
    4. Neena MALHOTRA & Deepika KUMARI, 2016. "Revisiting Export-Led Growth Hypothesis: An Empirical Study On South Asia," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 16(2), pages 157-168.
    5. Sandy Lowitt, 2019. "Black cat, white cat: Lessons to be learned from ASEAN," WIDER Working Paper Series wp-2019-26, World Institute for Development Economic Research (UNU-WIDER).
    6. Harinder Kohli & Ashok Sharma & Anil Sood (ed.), 2011. "Asia 2050: Realizing the Asian Century," Books, Emerging Markets Forum, edition 1, number asia2050, October.

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    More about this item

    Keywords

    South Asian integration prospects; Lessons from East Asian regionalism; Open regionalism; Asian development;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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