 Introduction and OverviewJoseph Francois, Pradumna B. Rana and Ganeshan Wignaraja Chapter 1 in Pan-Asian Integration, 2009, pp 1-59 from Palgrave Macmillan Abstract: Abstract East and South Asia followed different economic strategies in the 1970s and 1980s. East Asia adopted outward-oriented strategies and witnessed remarkable economic prosperity while inward- oriented South Asia largely stagnated.1 Not surprisingly, prior to 1990, East and South Asian economies were relatively isolated from one another and there was little talk of pan-Asian economic integration. The only trade agreement that covered the two subregions was the Bangkok Agreement signed in 1975 that included Bangladesh, India, Sri Lanka, Lao People’s Democratic Republic (Lao PDR), Republic of Korea (henceforth Korea), and People’s Republic of China (PRC) (see Box 1.1). There was very little bilateral trade and investment among these countries. The adoption of a “Look East” Policy in India in 1991 marked the start of a new era in East and South Asia economic relations. Since then, there has been heightened policy interest in the process of pan-Asian integration, and particular interest in evolving economic relationships between the two subregions. Keywords: Foreign Direct Investment; World Trade Organization; Free Trade Agreement; Asian Development Bank; Outward Foreign Direct Investment (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23697-4_1 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.