Lessons from the European Unionâ€™s Economic Integration for South Asian Regionalism
Zahid Shahab Ahmed and
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Zahid Shahab Ahmed: Deakin University, Burwood
Munir Hussain: Barrett Hudgson University, Karachi
Journal of Developing Societies, 2019, vol. 35, issue 3, 325-345
South Asian regionalismâ€”mainly represented by the South Asian Association for Regional Cooperation (SAARC)â€”has always been vulnerable to the influence of the long-standing bilateral disputes, and South Asian intra-regional trade and economic cooperation is limited. This article examines economic integration in Europe, from the 1950s to Britainâ€™s decision to exit from the European Union (EU) in 2016, in order to identify possible lessons for the SAARC. In particular, this article makes use of GÃ¼rlerâ€™s model of economic integration to propose a way forward for economic cooperation through the SAARC. While the full implementation of the EUâ€™s model of economic integration appears to be a distant reality for the SAARC, this article argues that a revitalized SAARC is nonetheless a suitable vehicle for pursuing a gradual process of economic cooperation in South Asia that may ultimately lead not only to economic integration but also the resolution of political disputes.
Keywords: SAARC; EU; economic integration; geoeconomics; geopolitics (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jodeso:v:35:y:2019:i:3:p:325-345
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