Regional Integration and Cooperation in Asia—An Indian Perspective

Regional Integration and Cooperation in Asia—An Indian Perspective

Regional cooperation and regional integration are terms that are often used synonymously, although they differ in important respects. Regional cooperation most often encompasses policies and agreements relating to matters such as preferential or free trade agreements entailing the removal of trade b...

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Bibliographic Details
Published in:Global journal of emerging market economies Vol. 3; no. 3; pp. 373 - 394
Main Authors: Das, Ram Upendra, Vasudev, C.M., Gupta, Madhukar
Format: Journal Article
Language:English
Published: New Delhi, India SAGE Publications 01-09-2011
SAGE PUBLICATIONS, INC
Subjects:
Agreements
Asia
Banking
Capital
Central banks
Communication
Constraints
Cooperation
Coordination
Economic impact
Economic integration
Energy
Energy policy
Factor analysis
Financial services
Free trade
India
Investments
Macroeconomics
Production
Production factors
Regional cooperation
Regional integration
Tariffs
Trade agreements
Trade barriers
Trade policy
Asia
regional cooperation
regional integration
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Summary:Regional cooperation and regional integration are terms that are often used synonymously, although they differ in important respects. Regional cooperation most often encompasses policies and agreements relating to matters such as preferential or free trade agreements entailing the removal of trade barriers for trade in goods; Economic Partnership Agreements (EPAs)/Comprehensive Economic Cooperation Agreements (CECAs) covering market access in trade and services besides trade in goods, as also cooperation for investment promotion and protection; among others. Regional integration on the other hand may mean deeper forms of cooperation that could include an alignment of customs regimes; the coordination in macroeconomic policies; a freer movement of factors of production like labor and capital; cross border connectivity, communications and energy related linkages; a common central bank. This article presents an overview of the Asian region and how some of the key features of Asia have influenced the Indian perspective on regional integration and cooperation. It elaborates upon some of the major drivers of current and future integration processes in Asia, as well as the dynamics and interplay of various factors and forces that may point towards the potential for Asian integration.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:0974-9101
0975-2730
DOI:10.1177/097491011100300306