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This book assesses the changes that the Comprehensive Economic Partnership Agreement (CEPA) could produce by boosting the competitiveness of firms in India and Korea. It evaluates the CEPA in terms of its effects on the environment and natural resources of the importing and exporting countries alike. Further, it employs the revealed comparative advantage (RCA) and relative trade advantage (RTA) methods of analysis to gauge the influence of the CEPA on industrial competitiveness in both host and receiving countries. While the CEPA would increase trade between India and Korea in their respective strong domains, the book argues that, given the nature of the exported and imported goods and products, India would be more susceptible to serious environmental impacts than would Korea. The book subsequently presents these impacts in a qualitative framework and stresses the need for a comprehensive valuation of not only environmental impacts, but also the losses due to tariff cuts and the gains due to increased trade between the two countries.
This book explores South Korea's phenomenal economic rise and the impact that this has had on the country's foreign policy.
This book analyzes the performance and impact of the India–Sri Lanka free trade agreement over the past decade and suggests the way forward. India became an important source of imports for Sri Lanka immediately after the implementation of the free trade agreement. Bilateral trade between the countries increased steadily thereafter, with Sri Lankan commodities finding a large market in India. The composition of trade also changed with an increased number of new goods being traded. The book computes indices and suggests scope for deepening economic cooperation between the two countries by pruning the negative lists for trade in goods, identifying potential investment, and suggesting policies for expanding cooperation in services.
The growth of world trade has been stagnant in recent times; trade liberalisation now has been challenged. The recent rise of anti-globalisation calls for a better integration in East Asia. How should East Asia manage its openness? This book provides profound analyses on rules of origins, non-tariff measures, restrictiveness in services and investment. It gives insight into how East Asian countries should shape its trade, investment and industrial policies. This book helps to answer what kind of a better integration it should be, and how East Asia can realise it.
Examining the underlying logic of the strategic and economic partnership between the Republic of Korea and India, this book is the first detailed study of the numerous facets — cultural, economic, people-to-people, and strategic — of blossoming relations between two major Asian democracies. This comprehensive survey documents the interaction between the two governments, relying on facts and hitherto unpublished original records provided by India’s Ministry of External Affairs; offers an illuminating account of India’s active role as a neutral party in the post-Second World War events of the Korean War and the division of the Korean Peninsula; and provides a vision of the future direction of India–Korea relations. The author also shares candid observations of Korean society and its people during his service as Ambassador of India in Seoul. The work will be useful to policy makers as well as students of politics and international relations, strategic studies, economics, and contemporary world history.
Traces the evolution of India-Japan relations starting from introduction of Buddhism in Japan to the institutionlisation of an annual prime ministerial level dialogue between the two countries. An attempt has been made to study how the relationship between the two Asian civilizations has evolved over the centuries.
Surveys the main features of contemporary Indian foreign policy.
The book deals with urban transportation planning in light of environmental sustainability and social equity. It begins with a review of the Indian urban transportation system and the issues surrounding it, and discusses the alternatives and policy directions that are being considered. It examines all the environmental issues arising out of transportation as a sector and assesses the alternatives that can be considered to improve sustainability. Further, the book not only analyses transportation modes that cater to the travel needs of the poor, so as to make them more socially equitable, but also explores measures to promote them using a multi-criteria and multi-stakeholder approach. It addresses the barriers that are bottlenecks for the implementation of cleaner fuels and modes of transport and presents an incremental approach to tackle environmental concerns, including climate change, when planning transportation in the long term. Finally, it presents the dilemma of city administrators in choosing between strategies aimed at local pollution control and those aimed at limiting global emissions. This unique book provides a comprehensive overview of “sustainable transportation.” It discusses all the important elements that are essential to transportation planners and policy makers when planning a city’s transportation. Theoretical presentations augmented by case-specific research work and the methodology used in some of the modules, make it a valuable resource for researchers working at the forefront of this area.
This book analyses India’s trade policy evolution in the last two decades in the broad context of trends and patterns in global trade and in particular, with reference to the emergence of global value chains (GVCs). Through an in-depth analysis of its trade policy evolution in the 2000s, the author explains India’s limited share of global merchandise trade, especially manufacturing trade and relatively low GVC integration. The book discusses India’s trade policy, pattern and global trade participation not just in the comparative context of China as is true of most analyses relating to the Indian economy, economic reforms and trade liberalization in India but also in the context of regional economies like Vietnam, Thailand, Malaysia, Bangladesh and other emerging market economies (EMEs) that have successfully integrated with GVCs/ RVCs in the period under reference. Progress and nature of India’s value chain participation relative to other economies has been evaluated in this context. The book further examines policy developments with respect to traditional trade measures like tariffs and export schemes, trade and GVC related policies in special economic zones (SEZs) as well as GVC-facilitating policy instruments such as regional/ free trading agreements (RTAs/FTAs) and investment treaties. Three sectoral case studies - automobiles, textiles and apparel and electronics - are presented to examine India’s participation in these dynamic GVC intensive sectors. An important study of one of the fastest growing economies in the world for almost two decades, this book will be of substantial interest to academics and policymakers in the fields of Economics, International Economics, Foreign Policy, Economic Relations, Economic Diplomacy, Indian- Southeast/East Asian Economics.
This book looks at the debates on global value chains (GVCs) and free trade agreements (FTAs) as springboards for industrial development in developing countries, especially India. It connects the outcomes in GVC-led industrial restructuring and upgrading to industrial policy choices in trade and FDI liberalisation, in particular those through FTAs. With the share of manufacturing in GDP stagnant at around 15–16% since the 1980s, India’s policymakers have pinned their hopes on greater integration into GVCs to revitalise the manufacturing sector. The multiple FTAs the country has signed over the last few years, specifically the ones with the Association of Southeast Asian Nations (ASEAN), South Korea, Malaysia and Japan have been sought to be rationalised using the same argument. The book argues that failing to factor in the industrial policy causalities involved in sustainable indigenous technology development, structural barriers to the entry into GVCs, the assessments of the available evidence on the adverse impact of trade and FDI liberalisation as well as existing FTAs on firm-level incentives for undertaking domestic production, and the industrial policy constraints imposed by FTAs can prove costly for the trajectories of developing country economies, including India. Rich in data, this book will be useful to scholars and researchers of development economics, economics in general, development studies and public policy as well as government bodies, industry experts and policymakers.