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This book reviews the past and provides new strategies to help BIMSTEC achieving a new paradigm of integration. It primarily deals with the regional cooperation and integration issues, and assesses policy priorities, effectiveness, implementation imperatives and challenges. Each chapter in this book tries to capture essential features of the crosscutting issues and attempts to draw some policy implications. The subject of this book will be of special interests to policy planners, development organisations, academicians, researchers as well as potential investors. Please note: T&Fdoes not sell or distribute the Hardback in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka.
This volume is a comprehensive study of the challenges and opportunities facing the BIMSTEC, The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. BIMSTEC was established to promote economic cooperation among rising economic powers in South and Southeast Asia, but after years of stagnation the need for renewed regional commitment is starker than ever. The book studies the BIMSTEC’s present status and highlights the ways in which the organisation can be rejuvenated to forge a stronger Bay of Bengal community. It looks at key themes such as the challenges to regional integration, India’s "Look East" and Thailand’s "Look West" policies, transport connectivity and tourism within the BIMSTEC and the aspirations of various member countries. It also examines BIMSTEC’s approach towards climate change, disaster management and rehabilitation. A timely contribution, this volume will be useful for scholars and researchers of international relations, South Asian studies, foreign policy, diplomacy, Southeast Asian studies, defence and strategic affairs, maritime studies, international trade, regional cooperation and political studies.
India, being the most powerful country regionally and the largest democracy in the world, has a major role in ensuring security and safety in the BOB. In order to gain a deeper appreciation of the region, the emerging situation, and the way ahead, an International Conference on Security and Prosperity in the Bay of Bengal was organized by CPPR with the support of the Friedrich Naumann Foundation (FNF), South Asia. It was held from November 29 to December 1, 2022, in Kochi, Kerala. The presentations and discussions at the Conference were insightful and brought out several valuable suggestions and recommendations for the way ahead. This volume is a compilation of papers presented at the conference.
India is known as a leading voice in international affairs. India's economic size, vast and growing market, democratic institutions, access to ocean and foundation of science largely explain why India continues to play an important role in global and regional affairs. India is the only country in Asia having the heft to counterbalance China and thus welcomed by many countries in Asia and the Pacific. India has embarked on a period of radical changes in its foreign and economic policies. Faced with a major slowdown of India's trade with Southeast and East Asia in 2014-15, the government responded by initiating far-reaching Act East Policy (AEP) aimed at greater economic integration with South, Southeast and East Asian nations. Started with a fresh vigour in 2014, AEP has gained a new momentum while acting on the east. The Act 'East' is now getting transformed into Act 'Indo-Pacific'. This book presents short essays written by the author on several key aspects of India's economic relations and the challenges faced by India in the post-AEP period. Ten broad themes are analysed in this book: BBIN, BIMSTEC, SAARC, ASEAN, MGC, Act East - North East, BCIM, BRI, Act Far East and Indo-Pacific. This volume highlights what, in author's best judgement, should be the direction for India's expanding neighbourhood. It is an economist's insight and field experience based analysis that offers guidelines for international cooperation. This volume is an invaluable companion for the policymakers, academia, students of international relations, diplomats and the general readership as well. India's foreign policy started attracting renewed global attention since the beginning of the economic reforms in 1991 which led to the gradual opening of the Indian economy. India's trade has expanded manifold and today contributes over 40 per cent of its GDP, as compared about 3 per cent before. In PPP terms, India is the world's one of the top five largest economies. Clearly, the world expects India to play a larger role, commensurate with its size and growing power. In rising protectionism worldwide, countries, particularly developing and LDCs are looking towards a greater regional cooperation.
This book presents a holistic perspective across various facets of culture, history, politics, economics and strategy in India’s relations with neighbouring South and Southeast Asian countries. This book not only analyses various issues of India’s foreign policy diplomacy but also explores the perspectives of neighbouring countries towards India. It engages experts from India and its South and Southeast Asian neighbours to discuss topics, such as overland linkages, people-to-people interactions, opportunities and implications of India’s Act East policy on its neighbours in changing geopolitical backdrop. The book emphasises on the responses to the COVID-19 pandemic and suggests a greater scope of regional cooperation on emergencies such as health crises in the Bay region. This rich collection of essays has strategic and scholarly relevance for researchers working on a wide range of topics related to development studies, cultural studies, Asian studies as well as policy makers and general readers.
Gathering contributions from leading academics and international trade experts from South Asia, this book is dedicated to the late Dr. Saman Kelegma, whose untimely death in June 2017 left a huge void in the field of regional economic cooperation. Keeping in mind his enduring legacy regarding regional cooperation in South Asia, it covers issues related to the challenges of deeper regional integration in South Asia and proposes strategies to address these challenges. It also offers an up-to-date, rigorous academic analysis of various issues related to low intra-regional trade in South Asia; prevalence of tariff barriers; incidence of a range of non-tariff measures; challenges of weak-trade-related infrastructure and the need for trade facilitation; the political economics of regional integration, highlighting how bilateral political relations affect the integration process; low level of intra-regional investment; South Asia’s pattern of integration with the global and regional value chains; pattern and dominance of informal trade; and alternative regional integration initiatives in South Asia, such as the bilateral, regional, and sub-regional trade agreements within and countries outside this region. Intended primarily for researchers and students of international trade, and policymakers from South Asia and beyond, the book is also a valuable supplementary reference resource for researchers and students. Furthermore, the pragmatic analysis of the policy options presented offers guidance for policymakers in South Asia wanting to implement effective policies and strategies for deeper regional integration.
This volume examines themes like contemporary factors shaping the emergence of the Bay of Bengal region as a critical strategic theatre in Indian foreign policy; the inter-connectedness of the Indian and Pacific Oceans; the importance of oceans to security and commerce and India’s role within the broader region; the twenty-first century maritime Silk Road and Indian alternatives and the possibilities of reconnecting disconnected spaces through re-imagining a Bay of Bengal Community. In this connection the volume takes particular note of the emerging regional cooperative order for the promotion of peace and development in the Bay of Bengal region (BIMSTEC). The volume brings together historians, political analysts and political economists to emphasize the interconnectedness of the oceanic space through a detailed analysis of the Bay of Bengal as a space of strategic and economic significance, particularly for India, but also as a space for re-imagining a new regional community. Print edition not for sale in South Asia (India, Sri Lanka, Nepal, Bangladesh, Pakistan and Bhutan).
The Indian Ocean was global long before the Atlantic, and today the countries bordering the Bay of Bengal—India, Bangladesh, Burma, Sri Lanka, Thailand, and Malaysia—are home to one in four people on Earth. Crossing the Bay of Bengal places this region at the heart of world history for the first time. Integrating human and environmental history, and mining a wealth of sources, Sunil Amrith gives a revelatory and stirring new account of the Bay and those who have inhabited it. For centuries the Bay of Bengal served as a maritime highway between India and China, and then as a battleground for European empires, all while being shaped by the monsoons and by human migration. Imperial powers in the nineteenth century, abetted by the force of capital and the power of steam, reconfigured the Bay in their quest for coffee, rice, and rubber. Millions of Indian migrants crossed the sea, bound by debt or spurred by drought, and filled with ambition. Booming port cities like Singapore and Penang became the most culturally diverse societies of their time. By the 1930s, however, economic, political, and environmental pressures began to erode the Bay’s centuries-old patterns of interconnection. Today, rising waters leave the Bay of Bengal’s shores especially vulnerable to climate change, at the same time that its location makes it central to struggles over Asia’s future. Amrith’s evocative and compelling narrative of the region’s pasts offers insights critical to understanding and confronting the many challenges facing Asia in the decades ahead.
This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. Focusing on the region’s economic development, the evolution of the international development agenda, and the story of ADB itself, this book raises several key questions: What are the outstanding features of regional development to which ADB had to respond? How has the bank grown and evolved in changing circumstances? How did ADB’s successive leaders promote reforms while preserving continuity with the efforts of their predecessors? ADB has played an important role in the transformation of Asia and the Pacific the past 50 years. As ADB continues to evolve and adapt to the region’s changing development landscape, the experiences highlighted in this book can provide valuable insight on how best to serve Asia and the Pacific in the future.