This volume examines the dichotomy between the two faces of South Asiaߟone poverty stricken and lagging in development, the other highly urbanized and growing rapidlyߟand tries to find a workable solution to bridge this gap. It looks at the many policy and institutional constraints that contribute to this dichotomy, especially regional conflict that has made South Asia one of the least integrated regions of the world.
Chapter 14: Regional Cooperation in South Asia: Pakistan Perspective
Regional Cooperation in South Asia: Pakistan Perspective
The one premise on which there is universal consensus among economists is that international trade is good for the socioeconomic development of all countries. South Asian countries will benefit significantly from greater economic integration and trade liberalization by taking advantage of the benefits of regionalism and globalization. The optimum economic benefits of regionalism and globalization can be reaped through the dynamic vehicle of the private business sector.
Despite its potential benefits, socioeconomic integration has been miserably slow in the South Asian region. It is the least integrated economic region of the world, despite having enormous physical resources and 22 percent of the global population. The regional trade of South Asia remains dismally low ...