Prospects of Regional Economic Cooperation in South Asia

1st Edition

With Special Studies on indian Industry

Authors: Gordhan Saini
Hardcover ISBN: 9781843346142
eBook ISBN: 9781780633305
Imprint: Chandos Publishing
Published Date: 7th December 2011
Page Count: 298
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Table of Contents

List of figures and tables

List of acronyms

About the author

List of contributors


Part I: Regional economic cooperation in South Asia

Chapter 1: Regional trade agreements: trends, taxonomy and motivation


Proliferation of regional trade agreements in the world economy

Regional trade agreements: taxonomy

Motivations to form regional trade agreements

Pre-conditions and key principles for successful regional integration

Chapter 2: Regional trade agreements in South Asia



Bilateral arrangements

Multilateral/inter-regional agreements

Legal basis of RTAs in South Asia

Chapter 3: Regional economic cooperation in South Asia: a literature review


Recent literature on regional trade cooperation worldwide

The debate on RTAs: arguments in favor and against

The ‘natural trading partner’ hypothesis as a criterion for the success of RTAs

Regional trade cooperation in South Asia: earlier and recent studies

The desirability of the South Asian Free Trade Area

Chapter 4: Regional trade in South Asia: findings from three indices


South Asia in the world

Trade intensity index

Index of revealed comparative advantage

Trade complementarity index

Chapter 5: Gravity analysis of South Asia's free trade



Augmented gravity model of South Asian trade

Results and discussion


Chapter 6: What do GTAP evaluations reveal about regionalism in South Asia?



Pigato et al. (1997)

Tennakoon (2000)

Siriwardana (2002)

Bandara and Yu (2003)

Asaduazzaman et al. (2003)

Mohanty (2005)

Hossain and Selim (2007)



This book is aimed at researchers and students at graduate and post-graduate level in the field of economics and international trade. The book is written against the backdrop of sluggish progress of multilateral trade negotiations under the framework of the World Trade Organization (WTO) regime which has provided impetus to the signing of regional/bilateral trade agreements the world over. This book examines the prospects and impact of regional economic cooperation in the South Asia region using various approaches; and focuses specifically on the South Asian Free Trade Agreement (SAFTA). The book also includes special studies on Indian industries: pharmaceuticals, textiles and clothing, and traditional (i.e. lock, brassware and glassware) industries in north India.

Key Features

  • Provides a detailed analysis of the prospects and impact of regional economic cooperation in South Asia through alternative approaches
  • Draws on the author’s rich experience in the field of economics and trade to assess the prospects and impact of RTA/FTA
  • Contributions are presented from highly knowledgeable and rich experienced researchers in the field


Researchers and students of graduate and post-graduate level in the field of economics, international trade and regional economic integration. Policy makers and industry people will also find this book to be of valued use in the field.


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© Chandos Publishing 2012
Chandos Publishing
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About the Authors

Gordhan Saini Author

Dr Gordhan K. Saini currently is an assistant professor at the School of Management and Labour Studies of Tata Institute of Social Sciences, Mumbai. He completed his MBA, PGDRD and PhD degrees, and then pursued a post-doctoral fellowship from Indira Gandhi Institute of Development Research, Mumbai. He has over eight years’ experience in development project implementation, management teaching and research and industry including as an academic associate at the Indian Institute of Management, Ahmedabad.

Affiliations and Expertise

School of Management and Labour Studies, Tata Institute of Social Sciences, India