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Role of SAARC in Convergence of South Asian Economies

Role of SAARC in Convergence of South Asian Economies

Sudhakar Patra
Copyright: © 2016 |Pages: 26
ISBN13: 9781522502159|ISBN10: 1522502157|EISBN13: 9781522502166
DOI: 10.4018/978-1-5225-0215-9.ch007
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MLA

Patra, Sudhakar. "Role of SAARC in Convergence of South Asian Economies." Handbook of Research on Global Indicators of Economic and Political Convergence, edited by Ramesh Chandra Das, IGI Global, 2016, pp. 144-169. https://doi.org/10.4018/978-1-5225-0215-9.ch007

APA

Patra, S. (2016). Role of SAARC in Convergence of South Asian Economies. In R. Das (Ed.), Handbook of Research on Global Indicators of Economic and Political Convergence (pp. 144-169). IGI Global. https://doi.org/10.4018/978-1-5225-0215-9.ch007

Chicago

Patra, Sudhakar. "Role of SAARC in Convergence of South Asian Economies." In Handbook of Research on Global Indicators of Economic and Political Convergence, edited by Ramesh Chandra Das, 144-169. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-5225-0215-9.ch007

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Abstract

The objective of the chapter is to analyze the role of SAARC in regional integration, trade convergence in south Asia. It also highlights the pattern and direction of export and import, share in world trade, preferential trading in South Asian countries. With strong and improving macroeconomic fundamentals, the South Asian region is well established on a high growth path. Based on secondary data on South Asian trade collected from South Asian Economic reports and other statistical volumes, the study observes a decreasing trend of export during the period 1990-2011. Consequently, the overall intra-regional trade intensity index decreased to 1.5 in the year 2010 from 4.2 in the year 2005. SAARC and SAFTA have not contributed in integration and convergence of South Asian Countries rather lead to trade divergence.

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