Economic Liberalisation And Institutional Reforms In South Asia

The Book Has A Wide Coverage And Studies All The Famous Writers Of English Literature In The Field Of Poetry, Fiction, Essay Etc. The Writers Covered, Among Others, IncludeGeoffrey Chaucer, Philip Sidney, Herbert Spenser, Francis Bacon, Alexander Pope, Jonathan Swift, Samuel Johnson, William Wordsworth, Samuel Taylor Coleridge, John Keats, Robert Browning, George Eliot, Charles John Huffham Dickens, Thomas Hardy, Rudyard Kipling And Bernard Shaw.The Book Is Written In A Simple And Lucid Style. Abstractions Have Been Avoided And Concreteness Has Been Aimed At. It Will Be Found Of Great Interest By The Students Of English Literature, Researchers And The General Readers.

Jumpstarting South Asia focuses on the slowing pace of economic growth and makes the case for a two-pronged strategy to jumpstart South Asian economies. South Asian countries should complete the economic reform process that they had begun in the 1980s and the early 1990s and implement the more microeconomic reforms, namely, the sectoral, and governance and institutional reforms to enhance competition and improve the operation of markets. They should also implement the second round of ‘Look East’ policies or LEP2 to link themselves to production networks in East Asia, their fastest-growing market, and develop production networks in manufacturing and services within their region. This book argues that the proposed strategy will lead to a win-win situation for all countries in South Asia and East Asia, and also reinvigorate economic integration within South Asia. The book identifies the remaining policy agenda for each South Asian country.

While South Asia’s economic reform initiatives of the last two decades were often born in crisis, this alone does not account for their occurrence. This book looks at the processes and institutional arrangements behind these reforms, and analyses what lessons can be learnt about how South Asia can improve its policy efficiency. The book develops ideas about how to overcome the political restraints to reform by drawing on recent theories of political economy and policy learning. It tests these ideas against authoritative case studies of actual reform initiatives in South Asia, which illustrate processes and institutional arrangements that have helped South Asian governments to sustain reform efforts, even in the absence of a strong political base. This offers valuable lessons for the global economy as it moves into a phase of rebalancing, with the structural adjustments that this will require. The book goes on to identify weaknesses that could be addressed by South Asian national governments and regional forums. It is an important contribution to studies on South Asian Politics and International Political Economy

South Asia's developing nations have been enjoying moderate to high growth over the past decade before the global recession began. This new edition provides an up-to-date guide to the growing markets in South Asia. It offers an analysis of the changes and consequences of high sustainable growth, investigating what has been achieved in the region during the last ten years from a macroeconomic viewpoint, identifying new challenges and clearly defining what has driven the boom. The first part of the textbook presents an analysis of how South Asia is rated against Southeast and East Asia in recent decades in economic and social terms. The second part of the text focuses on South Asia's economic development over 1990s and mid-2000s, and the third and final part identifies those major governance issues, which were responsible for South Asia's underperformance both socially and economically. It is widely recognised that globalisation enhanced global trade, and that trade further increased the region’s prosperity. Embracing the view that economists can no longer regard themselves as technocratic guardians of neutral policy advice, the book advocates for a shift in focus from policy reform per se to the more challenging task of implementing institutional reform that will invigorate the capability of the political leadership to bring about rapid, sustained and poverty-reducing growth in South Asia. The central task would be to re-direct the focus of governments in South Asia in order to ensure that the core functions of the state stable, non-distortionary policy climate, a secure foundation of law, investment in basic education, health and infrastructure, protection of the vulnerable and adapting with the climate change are efficiently provided. At the same time, the reform agenda must be sensitive to the goal of ensuring that durable democratic institutions, traditions and values are preserved. This is a fundamental challenge, but one that must be met in order to secure the emergence of a prosperous South Asia in the early part of the twenty-first century. This textbook will be useful for students and researchers in Development Economics, Business Economics, Development Studies and Asian Studies.

This volume brings together frontline research on the prospects for rapid economic development in South Asia by leading academics and public policy experts. It reviews recent macroeconomic performance in Bangladesh, India, Nepal, Pakistan and Sri Lanka and examines three emergent challenges for the Indian economy: devising a policy response to climate change, attaining the millennium development goals and restructuring state level finances. The book then analyzes financial sector reforms and development of information and communications technology (ICT) firms and privatization policy in India and the South Asian approach to free trade arrangements and multilateral trade. It studies issues related to foreign perceptions of South Asian development including governance and foreign direct investment flows into India and Nepal. Finally the book studies the impact of the structural composition of economic growth on poverty in India, the evolution of inequality in India and elements of a strategy for poverty reduction in South Asia.

This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.

The link between trade liberalisation and poverty has arguably been one of the most debated topics in development policy debate. Existing studies on the subject have primarily used multi-country cross-sectional data, and there is a growing concern about the limitations of this approach in providing a sound empirical basis for informing the policy debate. These limitations point to the need for undertaking in-depth analyses within individual countries over time. In order to examine the connection between trade liberalisation and poverty, this book provides case studies of trade policy reforms and poverty reduction outcomes of seven countries in South Asia - Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The South Asia region allows for an excellent comparative study given the widespread emphasis on liberalisation reforms in the region over the past two decades, as well as highlighting significant inter-country differences in terms of the timing and comprehensiveness of reforms, and the heavy concentration of world poverty in the region. This book is a useful contribution to studies on South Asia, as well as International Trade and Development Economics.

The link between trade liberalisation and poverty has arguably been one of the most debated topics in development policy debate. Existing studies on the subject have primarily used multi-country cross-sectional data, and there is a growing concern about the limitations of this approach in providing a sound empirical basis for informing the policy debate. These limitations point to the need for undertaking in-depth analyses within individual countries over time. In order to examine the connection between trade liberalisation and poverty, this book provides case studies of trade policy reforms and poverty reduction outcomes of seven countries in South Asia - Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The South Asia region allows for an excellent comparative study given the widespread emphasis on liberalisation reforms in the region over the past two decades, as well as highlighting significant inter-country differences in terms of the timing and comprehensiveness of reforms, and the heavy concentration of world poverty in the region. This book is a useful contribution to studies on South Asia, as well as International Trade and Development Economics.