By Pradumma B. Rana, John Malcolm Dowling
This well timed publication experiences how South Asia is emerging to the problem of globalization. particularly, how are South Asian international locations maximizing some great benefits of globalization while minimizing its bills? What classes have those nations realized from the East Asian monetary difficulty? What activities have they taken on the nationwide, nearby, and worldwide point? a few vital issues lined during this booklet contain coverage reforms and fiscal integration in South Asia, comparisons among South Asia (mainly India) and China, and monetary linkages among South Asia and East Asia together with the potential of an built-in Pan-Asia just like the eu Union. lecturers, researchers, scholars, policymakers and observers of South Asian, and extra greatly Asian, monetary improvement and integration probably want to learn this booklet. Contents: South Asia s international Integration; A Comparative research of financial functionality and coverage Reforms in South Asia and PRC; financial Integration among South Asia and East Asia: the second one section of Pan-Asian Integration?; monetary Integration in South Asia
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Additional resources for South Asia: Rising to the Challenge of Globalization
Qxd 12/10/2008 7:43 AM Page 11 Introduction and Summary 11 various standards and codes and best practices for the financial sector, improving labor market flexibility, and upgrading governance and infrastructure throughout the region (see Chapter 3, Appendix 3, for further details). A review of the pattern of economic growth and sectoral changes in the PRC and India brings out several aspects that are important in assessing the future prospects for these two giant economies. First is the overwhelming importance of industrial growth in the PRC.
Not available. Source: UNCTAD FDI database online. Page 24 1990 11:02 AM South Asia’s Share of World FDI 1985 11/12/2008 Bangladesh Bhutan India Maldives Nepal Pakistan Sri Lanka South Asia World 1980 South Asia: Rising to the Challenge of Globalization Country Foreign Direct Investment Inflows, 1980, 1985, 1990, 1995, 2000, and 2005 ($ million). 4 Direct Investment and Portfolio Investment in India and Pakistan, 1991, 1995, 2000, 2005, and 2007 ($ million). a. a. a. a. = not available. Source: Institute of International Finance website.
Sri Lanka has signed a pact with Iran. The rest are under negotiation. Only India is negotiating with a large number of countries that are not Islamic and outside West Asia. Since most of these FTAs or preferential trading arrangements (PTAs) are still under negotiation, it will take some time before their impact on the pattern of South Asian trade and economic development can be assessed. International Trade Liberalization Tariff reduction is the primary way to liberalize international trade, and tariff and nontariff barriers in South Asia have been lowered rather dramatically over the past two decades.