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Regional Cooperation in Industrial Revolution 4.0 and South Asia: Opportunities, Challenges and Way Forward

Author

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  • Arpita Mukherjee
  • Divya Satija

Abstract

This paper examines the current status of use of Industrial Revolution 4.0 (4th IR) in South Asia and the role and need for regional cooperation to harness the potential and benefits of 4th IR. It examines the development across South Asian countries, their participation in international forums, their level of collaboration and cooperation in technology adaptation and digitalization. Based on secondary data analysis and in-depth meetings with experts, the paper explores the potential of 4th IR in this region and identifies the challenges of South Asian countries. It then presents recommendations on how the South Asian countries can harness the benefits of 4th IR and address their common concerns through collaborations under the South Asian Association for Regional Cooperation (SAARC), so that all member countries can benefit from 4th IR, by leveraging each other’s best practices and comparative advantages. This can help countries in the region to achieve high and inclusive growth and meet their sustainable development goals. JEL: O3, O57, F13

Suggested Citation

  • Arpita Mukherjee & Divya Satija, 2020. "Regional Cooperation in Industrial Revolution 4.0 and South Asia: Opportunities, Challenges and Way Forward," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 21(1), pages 76-98, March.
    • Handle: RePEc:sae:soueco:v:21:y:2020:i:1:p:76-98
    DOI: 10.1177/1391561420908078
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    References listed on IDEAS

    as
    1. Jayant Menon & Anna Fink, 2019. "The Fourth Industrial Revolution and Its Implications for Regional Economic Integration in ASEAN," Journal of Asian Economic Integration, , vol. 1(1), pages 32-47, April.
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    Cited by:

    1. Balaji GOPALAN, 2022. "Regionalization of Online Shopping, Product Listings and Logistics Management in the Digital Economy," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 103-116.

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    More about this item

    Keywords

    Fourth Industrial Revolution (4th IR); India; innovation; regional cooperation; SAARC; South Asia;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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