Integrating South and East Asia: Economics of Regional Cooperation and Development

ISBN : 9780199474127

Jayant Menon; T. N. Srinivasan
448 ページ
138 x 216 mm

Economic ties between South and East Asia can be traced back to the time of the ancient Silk Road. In the recent past, these sub-regions have made great progress towards reviving close economic links among their countries, fuelled by domestic reforms and emergence of regional production networks. More recently, bilateral and regional-level initiatives have also largely enhanced integration. If such initiatives succeed, could these sub-regions grow to dominate global trade? This book evaluates the economic implications of increasing cooperation between the two regions, providing empirical analyses for informed policy decisions and improved outcomes. Exploring the role of market forces as well as domestic and regional policies, it examines how integration helps in spurring inclusive economic development in small economies. It also focuses on the prospects for India's integration with East Asia, elaborating on its role as the biggest driver of integration in the sub-region.


List of Tables and Figures
Foreword by Shang-Jin Wei
Introduction - T.N. Srinivasan and Jayant Menon
1 Assessing the Experience of South AsiaEast Asia Integration - Ganeshan Wignaraja
2 The Causal Relationship between Trade and FDI: Implication for India and East Asian Countries - Choongjae Cho
3 Can FTAs Support the Growth or Spread of International Production Networks in Asia? - Jayant Menon
4 Are Asias LDCs Gaining from Regional Integration? An Initial Look at Participation in Advanced Manufacturing Value Chains - Alisa DiCaprio and Sithanonxay Suvannaphakdy
5 Nepals Trade Performance and Potential with Regional Partners - Ramesh Paudel and Swarnim Wagle
6 Repositioning in the Global Apparel Value Chain in the Post-MFA Era: Strategic Issues and Evidence from Sri Lanka - Prema-Chandra Athukorala and Raveen Ekanayake
7 Mapping the Future of High Value Manufacturing in India - Rajat Kathuria, Mansi Kedia, and Uttara Balakrishnan
8 Indian Manufacturing in Asian Production Networks: Patterns and Prospects of Deeper Regional Integration - Meenu Tewari , C. Veeramani, and Manjeeta Singh
9 Trade and Investment Barriers Affecting International Production Networks in India - Anwarul Hoda and Durgesh Kumar Rai
10 Integrating South and Southeast Asia through Services Value Chain: The Case of India and Thailand - Arpita Mukherjee and Tanu M. Goyal
About the Editors and Contributors


Jayant Menon is Lead Economist at the Asian Development Bank (ADB) in Manila, Philippines, where he works on trade, international investment, and development issues, and leads the Trade Team.; T.N. Srinivasan is Samuel C. Park, Jr. Professor of Economics Emeritus and Professor Emeritus in International and Area Studies at Yale University. He is a Distinguished Professor (201419) at the Indian Institute of Technology, Madras.