Advantages Of Regional Cooperation

Economic growth, put simply, is “an increase in the amount of goods and services produced per head of the population over a period of time”; development is inextricably linked with this economic growth. By utilising theories of economic growth and development we can see how the Chinese and Sub-Saharan African economies have emerged, but, more notably, we can use these to look at patterns from past and present to show their experience and the implications of this growth for the future.

India views Afghanistan as a means of access to Central Asian trade and energy resources, as well as a means of advancing its own broader domestic and regional interest. Central Asia is one of the fastest growing markets in the world; and economic activity in the region has had steady growth , expanding at about 6 percent per year(imf,2014). Growth in the Central Asian region has mainly been driven by strong domestic demand, oil,

In his first chapter he starts off about why growth even matters. Economic growth frees the poor from hunger and diseases. Economy wide growth in GDP per capita translates into rise in incomes for the poorest of the poor lifting them out of poverty. Taking the example of Pakistan, the author describes how 31% of the country lives in extreme poverty with incomes less than $1 a day. Infant mortality, hunger, debt bondage are directly associated with income.

Asia has also succeeded over the years to endure hasty economic growth and decrease deficiency in the region expressively. Nevertheless, this process has been escorted by enlarging salary gaps in many countries. Unfortunately with great growth comes great pain. Snowballing income unfairness destabilizes growth by diminishing comprehensive mandate because the ingesting tendency of top earning income groups is much inferior to those in middle and lower income classes. Hurried economic growth has also led to speedy urbanization in Asia, which presents both trials and opportunities for the region. Even if the economic reimbursements of urbanization outweigh its costs, the degree by which urbanization creates unsatisfactory circulation of net benefits which

Such position is centered on a two-step argument that recognizes the growth-enhancing potential of openness and, in its turn, growth's relevance to poverty reduction. Furthermore, it is also recognized the necessity of prudent, gradual and sustainable openness in order to dissociate the link between economic growth and social disruptions. This means that both trade and investment are here considered to be "engine[s] of growth" (Robertson, 1940) and that growth must be the principal (although not the only) strategy for reducing scarcity, increasing employment opportunities, and minimizing poverty. According to Bhagwati (2007,

What really is Regional Integration? From when I first heard the term I immediately thought of countries integrating or joining together to achieve some goal. Well, according to EU Learning, Regional Integration is the process by which two or more nation-states agree to co-operate and work closely together to achieve peace, stability and wealth. In other words, regional integration is the joining of individual states within a region into a larger whole. The degree of integration depends upon the willingness and commitment of independent sovereign states to share their sovereignty. It would have as its objective political or economic goals or

According to the United Nations, South-South cooperation is a broad framework for collaboration among countries of the South in the political, economic, social, cultural, environmental and technical domains; involving two or more developing countries with the ability to take on different forms of partnership. Within such cooperation, these countries share knowledge, resources, skills and expertise on different subject matters common to them. This sphere of cooperation is in response to the traditional cooperation which occurs between “North-south” where the North is the dominant hegemonic force that dictates how the dynamics and the relationship works. This has most often left the southern hemispheric country(s) at a disadvantage, economically

The case for regional integration is both simple and irrefutable. First we are small and we need to achieve economies of scale. We need to achieve such economies in markets, production, the mobilisation of regional capital for regional use, university education, science and technology, sea and air transport to mention some areas.

In his first chapter he starts off about why growth even matters. Economic growth frees the poor from hunger and diseases. Economy wide growth in GDP per capita translates into rise in incomes for the poorest of the poor lifting them out of poverty. Taking the example of Pakistan, the author describes how 31% of the country lives in extreme poverty with

In the world has many region , we discuss such kind of region geo-strategically ,geo-politically and geo-economically which is very important for its Geographical location, two economic giant ( member country India and neighbor country China),Energy based Natural resources,huge men power, two nuclear countries(India and Pakistan) etc* this region is South Asia *.South Asia is Surrounded by Middle east, Easternasia ,Centralasia Southeasternasia,Indian Ocean and the Himalayas ,is composed 8 countries (Bangladesh , India, Nepal , Bhutan , Pakistan, Sri Lanka , Maldives and Afghanistan) .

The third major drawback to regional integration (RI) in Africa is that it tends to either benefit the stronger members only or in some cases, it costs the stronger nations disproportionately. This results in unequal transaction benefits and payoffs in regional integration agreements(The Challenges of Post-1990 Regional Integration in Africa, 7). According to the standard theory of regional integration as presented by Anthony Venables, when there are counties that perform substantially better than the other states economically in a RI arrangement (such as South Africa in SADC), resources tend to flow from the weakest in the group to the strongest, “where it is relatively cheaper and easier to do business, and where there are better-developed connections to global export markets”(Alves et al, 14). As a result, relatively stronger economies will grow at the expense of the weaker members in the RI arrangement. This theory has proven to be true in Africa. On this flip side, as it relates to the distribution of costs and benefits to providing regional public goods, some members also free ride on the efforts of others. Even if

To enhance the economic growth, social progress and cultural development in the region through joint ventures in the spirit of equality and in order to strengthen the foundation for a progressive and peaceful society of Southeast Asian Nations;

BRICS is an emerging geopolitical acronym that has influenced the international system one way or another. BRICS stands for Brazil, Russia, India, China and South Africa. They share a common political objective which is state sovereignty while increasing economic and social independence as well as interdependence. India is one of countries in the BRICS (Brazil, Russia, India, China and South Africa) group which have been recognized for its phenomenal economic growth because of globalization and this has moved the country from being considered a poor nation to being a rising middle class country (Rao, 2004). India is a good example of a country that have benefitted from globalization in some respects. It sustained a high and accelerated growth rate over the past 25 years making it the fourth largest economy in the world next to China. The Indian economy has done very well in terms of the growth of the GDP “(about 6 per cent per year in the real terms in the 1990s, rising to more than 7 per cent in the last decade” (Jean, Dreze & Amartya Sen, 2013). To understand India’s development, it is necessary to understand its demography, its structure and characteristics. It is not only the largest democracy in the world, but it also the second largest country in the world because of its population (Raj, 2004, p.401). As of 2014, it has a population of about 1,236,344,631, it rose by 1.25 per cent over the last years (Europa World Online, 2015). In terms of natural

In EU there are many common factors such as democracy, human rights, they have a common enemy, all the EU countries external security is guaranteed from US, converging economic interests and strong political will. However, in South Asia, all these factors are absent. Therefore, not any factor can be taken as an example to South Asia. Some of the most important examples which can be used in South Asia include:

In the light of current global economic surroundings, which have been noticeably affected by the process of globalization, the interdependence of underdeveloped countries is underscored. Regional collaboration is indeed increasing at backwards area. South-South cooperation eventually promotes the process of regional integration.