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This volume examines the failure of regional integration and cooperation to date in West Africa and explores some of the more holistic and economically liberal options for revitalization. Annotation c. by Book News, Inc., Portland, Or.
This book reviews progress with regional cooperation and integration in Asia and the Pacific and explores how it can be reshaped to achieve a more resilient, sustainable, and inclusive future. Consisting of papers contributed by renowned scholars and Asian Development Bank staff, the book covers four major areas: public goods, trade and investment, financial cooperation, and regional health cooperation. The book emphasizes how the region can better leverage regional integration to realize its vast potential as well as overcome challenges such as the coronavirus disease (COVID-19) pandemic.
This book presents a theory of economic integration in developing regions, where the level of intraregional economic interdependence is low and the dependence on extra-regional economic relations is high. It argues that the success or failure of regional integration in the Global South is to a large degree dependent on the reaction of extra-regional actors in Europe, North America and Northeast Asia. In doing so, it demonstrates that longstanding European integration theories cannot be successfully applied to other world regions, where economic conditions are fundamentally different. By providing detailed empirical analyses that are systematic in their use of a common theoretical and methodological framework the authors fill a significant lacuna in our understanding of these issues. This edited volume will appeal to students and scholars of comparative regionalism, area studies and global governance.
This report discusses the enhanced framework of the Asia-Pacific Regional Cooperation and Integration Index (ARCII) that now includes digital connectivity and environmental cooperation among other innovations for monitoring progress. The ARCII has been used for monitoring progress in various dimensions of regional cooperation and integration (RCI) in Asia and the Pacific since 2017. With these new features of the ARCII, the report explores the links between regional and global economic integration and sheds light on the application of the index to RCI analysis and policy strategies for Asia and Pacific economies.
The coronavirus disease or COVID-19 has brought countries together to mitigate its spread and cushion its adverse consequences. Regional cooperation will be perhaps even more important in building an inclusive, resilient, and sustainable economic revival. This guidance note advocates wider, deeper, and more open regional cooperation and integration. Cooperation can be widened to include regional health security, trade in information and communication technology-enabled services, and financial safety nets, for example. It can be deepened to reach more stakeholders and sectors. It can also become more open through flexible collaboration and greater sharing of knowledge and expertise.
The Regional Economic Integration: A comparative study of Central Asian and South Asian Regions. This book has been acknowledged as an exhaustive research on Economic Integration between Central Asia and South Asian as well as within the regions. This book has given an idea that both the regions are complementary to each other having a lot of potential in all growing sectors. To harness this potential efficiently both the regions should cooperate with each other. Economic benefits might help in diluting some political problems exiting within the regions. War devastating countries by Economic Integration could yield maximum benefits in the European Union then why not these regions could do so. History is witnessed that these regions enjoy same social and culturalties while engaging in trade activities. Author has made extensive efforts to highlight the benefits of economic integration for development and prosperity of both the regions.
Over the past 2 decades, the Asian Development Bank (ADB) and its developing member countries have worked together to promote regional cooperation and integration (RCI). Evolving economic conditions continually pose new challenges to RCI efforts. In March 2012, about 160 representatives from Asia and the Pacific met to share their RCI experiences and discuss strategies for deepening RCI in the region. This summary of the conference features the discussions and presentations including information on major RCI programs. It aims to improve understanding of RCI and help guide future strategies within the region.
South Asian leaders have made it a priority to tackle key regional issues such as poverty, environment degradation, trade and investment barriers and food insecurity, among others.
The authors examine regional cooperation among neighboring countries in the area of regional public goods. These public goods include water basins (such as lakes, rivers, and underground water), infrastructure (such as roads, railways, and dams), energy, and the environment. Their analysis focuses on developing countries and the potentially beneficial role that international organizations and regional integration may play in bringing the relevant countries to a cooperative equilibrium. A major problem in reaching a cooperative solution is likely to be the lack of trust. If neighboring countries do not trust each other because of past problems, they may fail to reach a cooperative solution as each tries to maximize its gain from the regional public good. These strategies typically do not account for spillover effects and ultimately leads to losses for all parties. Other constraints on reaching a cooperative solution are its complexity and the financial requirements. Two types of institutions may help resolve some or all of these problems. International organizations can help with trust, expertise, and financing. The United Nations and the World Bank have been involved in a number of such projects in Africa, Asia, and elsewhere, and have been successful in helping parties reach cooperative solutions. Regional integration agreements, though not necessary for regional cooperation, may also be helpful by embedding the negotiations on regional cooperation in a broader institutional framework. The authors examine these issues with the support of both analysis and a number of case studies.