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South Asian Integration Prospects and Lessons from East Asia

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  • Ramesh Chandra

    ()
    (Indian Council for Research on International Economic Relations)

  • Rajiv Kumar

    ()
    (Indian Council for Research on International Economic Relations)

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    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.

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    Bibliographic Info

    Paper provided by Indian Council for Research on International Economic Relations, New Delhi, India in its series Indian Council for Research on International Economic Relations, New Delhi Working Papers with number 202.

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    Length: 39 Pages
    Date of creation: Jan 2008
    Date of revision:
    Handle: RePEc:ind:icrier:202

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    Keywords: South Asian integration prospects; Lessons from East Asian regionalism; Open regionalism; Asian development;

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    1. Plummer, Michael G. & Click, Reid W., 2006. "The ASEAN Economic Community and the European experience," HWWI Research Papers 2-4, Hamburg Institute of International Economics (HWWI).
    2. Love, Jim & Chandra, Ramesh, 2005. "Testing export-led growth in Bangladesh in a multivarate VAR framework," Journal of Asian Economics, Elsevier, vol. 15(6), pages 1155-1168, January.
    3. Kawai, Masahiro, 2005. "East Asian economic regionalism: progress and challenges," Journal of Asian Economics, Elsevier, vol. 16(1), pages 29-55, February.
    4. Andrew K. Rose, 2002. "Do We Really KNow that the WTO Increases Trade?," Working Papers 182002, Hong Kong Institute for Monetary Research.
    5. Plummer, Michael G., 2006. "Toward Win-Win Regionalism in Asia: Issues and Challenges in Forming Efficient Trade Agreements," Working Papers on Regional Economic Integration 5, Asian Development Bank.
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