Research and Information System for the Non-aligned and Other Developing Countries
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Services sector has emerged as a major contributor to the recent dynamism of the South Asian economies, including its trade flows. It was against this background that the SAARC Heads of State or Government at their 13 Summit held in Dhaka in November 2005 called for a study to examine the extension of SAFTA to cover trade in services. The 14 Summit stressed the importance of the study and called for finalization of an Agreement in the services sector at the ...
South Asia Development and Cooperation Report 2004: South Asia has sustained an average growth rate of 5.5 per cent per annum over the past two decades despite many external and domestic shocks, making it one of the most dynamic regions in the world. With more than a decade of reforms behind them, the region’s economies are more intensively integrated with the global economy, growth of income and exports display promising outlook and inflation ...
The 1990s have witnessed a strong trend in different parts of the world especially the developed countries to form regional trading blocs, such as EU and NAFTA. The formation of these trade blocs has led to substantial diversion of trade and investment away from the rest of the world economy affecting the growth process in other regions that are not part of these blocs. The Asian countries on the other hand have faithfully pursued multilateralism in their trade ...
Indian economy and collectively ten ASEAN members are large and dynamic markets. They are undertaking reforms to deepen their integration within and outside the region. Although the India-ASEAN trade and economic relations have grown over the past decade in an impressive manner, the immense potential of cooperation and synergies remain to be exploited. They could fruitfully share technology, capital, human talent, developmental experiences and coordinated their ...
India currently faces a major challenge of employment generation for millions of its unskilled and semi-skilled unemployed workers. The employment in the organized sector has shrunk in the recent years despite acceleration in GDP growth. India needs a manufacturing revolution to complement the booming services sector to meet the challenge of employment creation. Some countries like China, Malaysia, Thailand, among others have built export-oriented manufacturing ...
One of the most important developments of the past decade has been the emergence of Asia as the most dynamic regions of the world with the rise of China and India a engines of growth, recovery of Japan from a decade old recession, and emergence of Asian middle class as source of final demand. This new found dynamism makes regionalism a viable trade and development strategy for Asia. Although functional integration in the region has increased as is evident from ...