By Anjum Siddiqui
South Asia has turn into an important focal point at the international degree with the U.S. army involvement in Afghanistan considering that Sep 11, the continuing crisis over Islamic fundamentalism in Pakistan, and India's emergence as a neighborhood financial energy. furthermore, the age-old difficulties of South Asia - mass poverty, terrible infrastructure, misgovernance, rampant corruption, political uncertainty, and local wars - upload to the elevated curiosity within the zone. Incorporating the most up-tp-date info to be had, the specialist overseas members to this guide learn the economies and geo-political advancements of India, Pakistan, Afghanistan, Nepal, Bangladesh, Sri Lanka, and Bhutan. They specialize in 3 center components of value: alternate and improvement within the post-WTO period of globalization; macroeconomic adjustment and monetary development; and poverty, governance, the struggle on terror, and social signs. With its innovative research, the guide is a vital reference for all scholars, researchers, and practitioners facing the sector.
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Extra resources for India And South Asia: Economic Developments in the Age of Globalization
9. On the connection between high levels of military spending and corruption, see Gupta, de Mello, and Sharan (2000). 10. Speciﬁc tariffs (an absolute dollar amount of duty per unit of import) are generally viewed as less transparent and more distorting to prices than ad valorem tariffs. Tariffrate quotas (in which tariff rates are dependent on the quantity imported) emerged from the Uruguay round of WTO multilateral trade negotiations in an attempt to minimize market access for certain sensitive products.
Going a step further, international donor agencies have themselves been the subject of criticism for lack of transparency and lack of coherent strategy to quell corruption in recipient countries. It is worrisome that the World Bank, despite its intimate knowledge of the extent of corruption in South Asia, has not pressed the respective governments in the region to reduce and arrest corruption—it has merely expressed concern. If the World Bank is serious about being engaged as a partner in the economic prosperity of South Asia, it will have to stop praising the South Asian governments for their “performance” in its annual country reports, and start tying all ﬁnancial assistance to an improvement in the corruption ratings.
Excludes Vietnam. 8. NA 34 52 73 54 79 83 NA 71 NA 77 1990 33 49 77 65 77 85 67 42 77 40 NA 2001 Manufactured exports (as % of merchandise exports) 23 24 ANJUM SIDDIQUI innovations in products, processes, and marketing are required. It is expected that ﬁerce competition from China and India will reduce exports that SMEs in Pakistan have traditionally enjoyed. The World Economic Forum’s Global Competitiveness Report, 2004–5, has examined the readiness of 133 developing countries to deal with the competitive environment of the post–WTO world.