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Introduction and Overview

In: Pan-Asian Integration

Author

Listed:
  • Joseph Francois
  • Pradumna B. Rana
  • Ganeshan Wignaraja

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.

Suggested Citation

  • Joseph Francois & Pradumna B. Rana & Ganeshan Wignaraja, 2009. "Introduction and Overview," Palgrave Macmillan Books, in: Joseph Francois & Pradumna B. Rana & Ganeshan Wignaraja (ed.), Pan-Asian Integration, chapter 1, pages 1-59, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23697-4_1
    DOI: 10.1057/9780230236974_1
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    Cited by:

    1. Mustafizur Rahman & Hosna Jahan, 2015. "Second-generation Cooperation Agenda," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(1), pages 1-26, March.
    2. Peter Morgan & Michael G. Plummer & Ganeshan Wignaraja & Fan Zhai, 2015. "Economic Implications of Deeper South Asian–Southeast Asian Integration: A CGE Approach," Asian Economic Papers, MIT Press, vol. 14(3), pages 63-81, Fall.

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