ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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An Ex Ante Evaluation of Indo-Pacific Economic Framework

A general equilibrium framework (GTAP 10) and an environment energy variant of the general equilibrium model like the GTAP-E is used to analyse and read the possible economy-wide impacts of introducing the current administrative arrangement among the countries and also the future adoption of deeper integration policies among the 14 Indo-Pacifi c alliance members, namely the Indo-Pacifi c Economic Framework for Prosperity. The deeper integration policies go beyond the tariff and non-tariff liberalisation with freer movement of capital and skilled labour fl ows and concerted attempts made to promote input- and output-oriented innovations and technological progress in the region.

Review of ASEAN–India FTA in Goods

The ASEAN–India Trade in Goods Agreement (also known as AITIGA), implemented in January 2010, is entering into its 11th year and the time is ripe to review and recast it in light of the new world order pulled open by the pandemic. This article provides the broad contours around which the review of ASEAN–India free trade agreement may focus.

The Pandemic and Economic Fallout in South Asia

Coherent national strategies, backed by regional cooperation efforts, offer a way forward for economic recovery in South Asia, which is rapidly becoming the next COVID-19 global hotspot. Challenges and policies relating to macroeconomics, health, economic sectors, stimulus measures, and reforms, which are all crucial for the region’s recovery are discussed.

Assessing Economic Impacts of Connectivity Corridors in North East India

One of the main constraints to development in North East India is the lack of connectivity. How the existing East–West Corridor and the proposed transboundary corridors such as the Trilateral Highway, the Kaladan Multimodal Transit Transport Project, and the Bangladesh–China–India–Myanmar Economic Corridor connecting India with neighbouring countries in the eastern neighbourhood would stimulate economic activities in the North East is examined. It is found that the corridor-based development projects may generate economic activities and regional development, which, in turn, would influence economic growth through higher production and consumption.

Deepening Regional Integration

In a major bid to facilitate cross-border transportation and trade, Bangladesh, Bhutan, India and Nepal signed the landmark Motor Vehicle Agreement in June 2015. Is this agreement capable of unlocking the huge trade potential of these countries and deepening regional integration in a region known to be the least integrated in the world? This note attempts to address some of these questions, reviews the salient features of the agreement and discusses the challenges involved in its implementation.

WTO Trade Facilitation Agreement

The cost of trade among South Asian countries is far too high. There is a need to simplify procedures for trade, and reduce the cost and time taken to handle cargo to ensure that trading within the region is more cost effective. The Trade Facilitation Agreement (2013), agreed upon at the World Trade Organisation Bali Ministerial Meeting, promises to address at least a few of South Asia's trade facilitation concerns.

Barriers to Trade in Higher Education Services in the Era of Globalisation

This paper highlights the issues surrounding trade in education services in India. Concentrating on the ease and difficulty of trade in education services through different modes in India, it shows that the process of trade in education services through World Trade Organisation modes 3 and 4 has just begun in India, whereas mode 2 is still the most prevalent mode of trade in education services. A field survey undertaken in this context also identifies some barriers to movement of foreign students to India.

Reassessing Transaction Costs of Trade at the India-Bangladesh Border

In recent years, south Asia has received growing attention as a region that has successfully begun the process of regional integration. The opening of free trade in the region has led to countries in south Asia experiencing high trade costs due to inadequacy in trade and transport facilitation. South Asia's trade is constrained by poor infrastructure condition, congestion, high costs, and lengthy delays. These problems are particularly severe at border crossings, many of which pose significant barriers to trade. This paper supplements the findings of previous studies on this subject and reassesses the transaction costs for India's overland exports to Bangladesh. It finds that transaction costs of India's exports to Bangladesh have increased despite simplification of documentations at border. The paper concludes that the rent-seeking informal economy is very much deep-rooted and making the trade transaction expensive at border.

How Do Different Categories of Infrastructure Affect Development?

This paper explores the role played by infrastructure in determining the level of economic development across the states over different time spans during the past quarter century. A comparative static framework is developed in order to test the movement of the development trajectory of the states in the infrastructure-income plane. The findings of the paper are statistically significant and have serious implications for future regional policies. It shows that, interstate disparities in physical, social and economic infrastructure facilities have remained at an alarmingly high level. There are also indications that interstate differences in infrastructure are responsible for a growing regional income disparities.

In Search of Answers

India in Search of Good Governance by Jayanta Kumar Roy; K P Bagchi and Company, Kolkata,
PRABIR DE Bhaduri and Nayyar (1996) starts reviewing liberalisation and governance primarily in the context of the Indian economy in the following fashion:

Indian Ports and Globalisation

Grounding Economics in Geography This paper is concerned with the economics of Indian ports as one important phenomenon in Indian economic geography, and its relationship with regional development under the free market economy. A port performance index derived with the help of principal component analysis of eight individual port performance indicators shows that overseas traffic intensity is the most significant determinant of performance. With increasing openness of the economy and absence of an integrated policy toward export transport network, there is a decline in export intensity and rising domestic coastal traffic in Indian ports.

Role of Infrastructure in Regional Development-A Study over the Plan Period

A Study over the Plan Period Buddhadeb Ghosh Prabir De In literature, the impact of public investment and physical infrastructure on both private investment behaviour and regional economic development has been found to be highly significant and positive. The latter hypothesis is tested here on Indian states over the Plan period using OLS regression. For this purpose, a physical infrastructure development indicator is formulated with the help of principal component analysis. With various unavoidable data limitations, the results are significantly conclusive: first, regional disparity has been rising in recent period, and Plan outlay has not played any major role in this regard; second, regional imbalance in physical infrastructure has been found to be responsible for rising income disparity across the states.

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