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South Asia has performed well over the past 25 years in reducing poverty, improving human development and increasing growth, but faster progress with poverty reduction will require a higher rate of growth. This book shows that the development performance is not a puzzle but largely explained by good policies. Countries in the region have maintained good macroeconomic environments, opened up their economies to greater domestic and international competition, and reduced the role of corrupt and inefficient public enterprises.
This book analyses economic successes in South Asia and the reasons why they emerge by offering an in-depth analysis of a few case studies against the backdrop of overall policy context and economic performance of these countries. Offering a brief comparative review of South Asia in a global context, the book shows that the region remains an economically and socially lagging region. The author argues that within South Asia, most countries demonstrate examples of economic or social success. This book explores such successes that provide lessons for other South Asian countries and beyond. Case studies include the textile industry and microcredit in Bangladesh, information technology in India, forestry management in Nepal, surgical and sports goods in Pakistan, and human development in Sri Lanka. At the macro level, the book discusses India’s catch-up growth first given the country’s global importance and because of the prominence of the debate on its catch-up growth to development economics. A novel addition to the literature with its focus on successful initiatives with broad policy implications, this book will be of interest to researchers in the field of development economics, development studies and South Asian Studies, in particular South Asian policy.
Human capital is an important factor for economic growth in South Asia. Between 1981 and 2010, human capital contributed about 22% of annual gross domestic product per worker growth in India. During the same period, it contributed around 21% in Bangladesh, and 16% in Sri Lanka. However, education and skills remain the binding constraint. Raising the quality of education and skills in South Asia's workforce can play a critical role in catching up to the level of development of the People's Republic of China, the Republic of Korea, and other successful Southeast Asian economies. This study reviews the development of human capital in South Asia and analyzes contributing factors to human development including policies and strategies that countries in South Asia follow.
At the beginning of the second decade of the new millennium, South Asia has emerged as a key regional variable in the contemporary global order. The last decade saw the region experiencing a robust phase of economic growth and development. Over time, South Asia's economic progress is expected to accelerate, given its favourable demography and strategic location. The prospects of faster economic growth and development, however, will materialize depending upon the region's success in handling various challenges including security, climate change, political instability and ethnic strife. It is in this context that the Sixth International Conference on South Asia brought together academics and policy specialists to provide insights and contribute to an understanding of the challenges and prospects facing the region in the new decade. This volume is a collection of the papers presented at the Conference and assembles a large and diverse set of viewpoints and perceptions on the region.
This publication showcases eight projects that delivered exemplary and significant results in their implementation. These projects represent various sectors such as energy, urban development, transport, information and communications technology, irrigation, and disaster risk reduction. This publication identifies lessons learned and highlights good practices that can be replicable across South Asia.
This book reflects the crisis of development, the associated crises of state and its impact on regional cooperation in South Asia. The resulting political and social unrest, violence and militarisation of state structures are considered in detail. The contributors to this volume focus on the depth of the crises and articulate alternatives available and sustainable in the South Asian context -- the common heritage, the renewable resource base and the available stock of knowledge which enlarges the range of technological options.
This new edition provides an up-to-date guide to the growing markets in South Asia. It offers an analysis of the changes and consequences of high sustainable growth of the region and provide an outlook as to where these economies are heading in the future. Focusing on the region's economic performance and achievements in the economic development front, the textbook will be of great interest to students and researchers in development economics, business economics, development studies and Asian studies.
This book analyzes the structural factors that underlie the persistent mass poverty and extreme inequality in South Asian countries. It highlights the fact that the supposed trade-off between output growth and job creation is a false dilemma. Growth can create jobs, and jobs can drive growth, mutually reinforcing one another. Increased employment and better jobs would mitigate the problems arising from a widening inequality gap. The book argues that policies focused on employment generation, mostly through industrialization, are the way forward in terms of providing livelihoods, sustaining growth and reducing inequality. The book is divided into two main parts. Part A explores cases in selected countries in South Asia in detail, primarily focusing on the opportunities and challenges of job creation in the manufacturing sector, as well as related issues, including constraints on manufacturing-sector growth in South Asia, exports and trade linkages, participation in value chains and the role of investment. In turn, Part B addresses a number of aspects that can promote a deeper understanding of strategies for industrialization and employment creation in the South Asian context, including regional cooperation, skill development, and industrial competitiveness. Gathering contributions from some of the region’s top minds, this book is of interest to scholars, researchers, policymakers and industry analysts alike.
Contributed articles with reference to economic conditions of various countries in South Asia post 1950.