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Regional Integration and Cooperation in Asia—An Indian Perspective

Author

Listed:
  • Ram Upendra Das

    (Senior Fellow, Research and Information System for Developing Countries (RIS), New Delhi. E-mail: upendra900@gmail.com)

  • C.M. Vasudev

    (Centennial Development Advisory Services, New Delhi. E-mail: cmvasudev@gmail.com)

  • Madhukar Gupta

    (Centennial Development Advisory Services, New Delhi. E-mail: madhukarg@gmail.com)

Abstract

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.

Suggested Citation

  • Ram Upendra Das & C.M. Vasudev & Madhukar Gupta, 2011. "Regional Integration and Cooperation in Asia—An Indian Perspective," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(3), pages 373-394, September.
    • Handle: RePEc:sae:emeeco:v:3:y:2011:i:3:p:373-394
    DOI: 10.1177/097491011100300306
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    References listed on IDEAS

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    1. Ram Upendra Das, 2009. "Regional Economic Integration in South Asia : Prospects and Challenges," Macroeconomics Working Papers 22987, East Asian Bureau of Economic Research.
    2. Homi Kharas, 2010. "The Emerging Middle Class in Developing Countries," OECD Development Centre Working Papers 285, OECD Publishing.
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    Cited by:

    1. Kalirajan, Kaliappa, 2012. "Regional cooperation towards green Asia: Trade in low carbon goods and services," Working Papers 249395, Australian National University, Centre for Climate Economics & Policy.
    2. Harinder Kohli & Ashok Sharma & Anil Sood (ed.), 2011. "Asia 2050: Realizing the Asian Century," Books, Emerging Markets Forum, edition 1, number asia2050, May.

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    Keywords

    regional cooperation; regional integration;

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