Prospects of Regional Economic Cooperation in South Asia

Prospects of Regional Economic Cooperation in South Asia

With Special Studies on indian Industry

1st Edition - December 7, 2011

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  • Author: Gordhan Saini
  • eBook ISBN: 9781780633305

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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.

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)

    Raihan and Razzaque (2007)

    Ganesh-Kumar and Saini (2009)


    Chapter 7: Trade facilitation concerns in South Asia: the case of selected agro-food industries



    South Asian integration and economic policy space

    Agricultural exports, non-tariff measures and trade facilitation in South Asia

    Indian commodity studies


    Chapter 8: The impact of the India-Sri Lanka FTA: prospects for a comprehensive economic partnership agreement



    Main provisions of ISFTA

    Trade impact of ISFTA

    Structure of Indian and Sri Lankan exports in the post-ISFTA period

    Potential areas of cooperation for trade in services



    Part II: Special studies on Indian industry

    Chapter 9: The Hatch-Waxman Act and Indian pharmaceutical firms: an analysis



    Principal provisions of the HWA

    The significance of the HWA for Indian pharma companies

    Recent case law in the HWA

    Case law and Indian pharmaceutical firms

    Conclusion and recommendations


    Chapter 10: Non-tariff measures and their impact: India’s textiles and clothing exports



    NTMs and India

    Approach and methodology

    Results and discussion

    Ad valorem equivalents of NTMs

    Conclusion and direction for future research


    Chapter 11: Cluster dynamics and performance in traditional industries: critical review of lock, brassware and glassware industries in north India



    Aligarh lock industry

    Firozabad glass industry

    Moradabad brassware industry

    Discussion on clusters



    Part III: Conclusion

    Chapter 12: Conclusion

    Part I

    Part II



Product details

  • No. of pages: 298
  • Language: English
  • Copyright: © Chandos Publishing 2011
  • Published: December 7, 2011
  • Imprint: Chandos Publishing
  • eBook ISBN: 9781780633305

About the Author

Gordhan Saini

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

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