...Expanding Horizons and Forging Cooperation in a Resurgent Asia SAARC 2015 The New Delhi Statement on SAARC 2015 and Asian Resurgence © Friedrich-Ebert-Stiftung, March 2007 Published by: Friedrich-Ebert-Stiftung India Office K-70B, Hauz Khas Enclave New Delhi Email: fes@fesindia.org Edited by: Kant K. Bhargava and Mahendra P. Lama Designed and printed by: New Concept Information Systems Pvt. Ltd., New Delhi ISBN 81-7440-065-6 Contents Foreword Preface Background Paper Inaugural Address by I.K. Gujral Group Reports New Delhi Statement Annexures: (i) Programme (ii) List of Participants & Special Invitees (iii) List of Written Papers and Presentations Related Publications iv vi 1 17 23 45 56 71 Foreword As part of its programme for the promotion of regional cooperation in South Asia, the Friedrich-Ebert-Stiftung organised the Conference on SAARC 2015: Expanding Horizons and Forging Cooperation in a Resurgent Asia in February 2007 in New Delhi in collaboration with Ambassador Kant K. Bhargava, former Secretary-General of SAARC, and Prof. Mahendra Lama, Chairman, Centre for South, Central, South East Asian and South West Pacific Studies, School of International Studies, Jawaharlal Nehru University, New Delhi. The main thrust of the Conference was that the SAARC as an entity and its member states must prepare themselves well for leveraging the opportunities arising from the current resurgence in Asia. The Background Paper for the Conference was prepared by...
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...I. LEVELS OF ECONOMIC INTEGRATION A. THE FREE TRADE AREA—ALL BARRIERS TO TRADE AMONG MEMBER COUNTRIES ARE REMOVED, BUT MEMBERS MAY DECIDE THEIR OWN TRADE POLICIES TOWARD NONMEMBERS B. The Customs Union—Free Trade Area plus a common trade policy toward nonmembers C. The Common Market—Customs Union plus free flow of labor, capital, and technology among members (factor mobility) D. The Economic Union—Common Market plus integration of economic policies such as monetary policies, taxation, government spending, and a common currency II. Arguments Surrounding Economic Integration A. Trade Creation and Trade Diversion 1. Trade creation—increased exports by new member to other members resulting from membership 2. Trade diversion—decreased exports to members of the economic union by nonmember nations often resulting in the advantage shifting away from the lower-cost producer to the higher cost producer B. Reduced Import Prices can result from importers efforts to remain competitive despite tariffs imposed C. Increased Competition and Economies of Scale 1. The larger market created also means more competing firms which can result in greater efficiency and lower consumer prices 2. Economies of Scale—lower production costs resulting from greater production for an enlarged market D. Higher Factor Productivity 1. Factor mobility leads to movement of labor and capital from areas of low productivity to areas of high productivity 2. Poorer countries may lose badly needed investment...
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...The East Asia’ Regional Economic Integration Tutor: Griffith, Edward Student ID: 20647046 Student Name: Hong Xu (Eric) Word Count: 2369 Date of Submission: 18/1/2016 The East Asia’ Regional Economic Integration In the past twenty years, the East Asian economies realized the freedom of foreign trade and direct investment (FDI) because of the influence of GATT/WTO and APEC and as a result, it further promotes the economic growth of East Asia. The mutual economic dependence of each countries has increased a lot and therefore, close economic cooperation among Asian countries is necessary for healthy economic development. Many countries try to deepen their cooperation by establishing agreement and carrying out negotiation or discussion (Kawai 2004). Besides, the East Asian countries want to have their own institutions where they have vital voice in decision making after the financial crisis. As a consequence, the regional economic integration become an inevitable trend. The structure of this essay is organized as follows. The first part of this essay will discuss the driving forces of...
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...Report On Cross National Integration & co-operation for Economic Development COURSE NO: 304 Course Title: Development Economics Date of Submission: 03/12/2011 MEMBERS OF THE GROUP SL. NO. NAME IDNO /EXAM. ROLL REMARKS 01 MD. Sarwar Alam (L) ID: 08302123 02 MD. Salah Uddin ID: 08302110 03 Mohammad Istiaque Bin kalam ID: 08302122 04 MD. Yeasin Bin Faruque Bhuyan ID: 08302129 05 Hasan Bin Hider ID: 08302031 06 Nilima Sabnam ID: 08302006 07 MD. Fida Hasan Bhuyan ID: 08302056 08 Jewel Aich ID: 08302077 09 Sakib Rahman ID: 08302045 10 Sharmin Sultana ID: 08302060 11 MD. kamrul Hossen ID: 08302094 Letter of Submission November 22, 2011 To, Mr. Md. Abul Basar Assistant Professor Department of Management Studies University of Chittagong. Subject: Submission of report. Dear Sir, We are submitting to you the Term study report titled “Cross National Integration & Co-Operation for Economic Development” in the context of different countries socio economic co-operation and integration that we requested. The report has been prepared as fulfillment of the partial requirement of our course “Development Economics (304)”. In preparing our report, the relevant information is collected and integrated accordingly. It is a matter of pleasure for us to have you as a supervisor of our theoretical with pragmatic experience, which is an integral...
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...The Silk Road 1. Introduction Silk road is a road that connects China with those countries of central and western Asia. It starts from Chang’an, the capital of ancient China, to Mediterranean ending at Rome. The overall length of this road is about 6440 kilometers. As the main commodity transported on this road is Chinese silk, it is called Silk Road. It is an important trade channel for those people of China, central Asia, western Asia, southeastern Asia, Europe, Africa, and America to friendly exchanges. The physical and spiritual communication caused by the Silk Road not only riches the physical lives of these regions around this road but also hugely impacts their culture and social structure. One of the most important contributions made...
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...Introduction “There is no commerce without community,” (Jennae as cited in Goodreads, n.d.). Indeed, commerce has pervaded the global stratosphere, linking countries in a communal bond of trade. Designated as trade blocs, these bonds are a type of intergovernmental agreement, usually associated with geographically aligned intergovernmental confederations, “where regional barriers to trade, (tariffs, and non-tariff barriers) are reduced or eliminated among the participating states” (Boundless, n.d.). As such trade blocs enable politico-economic ventures to flourish in the benefaction of its member nations. Albeit, trade blocs also represent diverse forms of economic integration, markedly, the preferential trade area, free trade area, custom union, common market, economic union and complete political integration (“What are trading blocs?”, n.d.). Customarily, the preferential trade area denotes the lowest level of commitment to reducing tariff barriers; typically member nations reduce trade barriers sans eliminating any amoung themselves (Finance Train, 2012). Whereas, the free trade area exists under the terms whereby trade barriers are removed on all member country imports, whilst independent tariff policies for non-member imports are retained (Finance Train, 2012). Comparatively, within the custom union, trade barriers are not only removed on all imports from member states, but a set of common policies are authorized in dealing with imports from non-member countries (Finance...
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...Chapter EIGHT CROSS-NATIONAL COOPERATION AND AGREEMENTS OBJECTIVES • To profile the World Trade Organization • To discuss the pros and cons of global, bilateral, and regional integration • To describe the static and dynamic effects and the trade creation and diversion effects of bilateral and regional economic integration • To define different forms of regional economic integration • To present different regional trading groups, such as the European Union (EU), the North American Free Trade Agreement (NAFTA), and Asia-Pacific Economic Cooperation (APEC) • To describe the rationale for and success of commodity agreements Chapter Overview Regional economic integration represents a relatively new phenomenon in the history of world trade and investment. Chapter Eight first examines the roles of the General Agreement on Tariffs and Trade and the World Trade Organization in determining the ground rules of the world trade environment. It then introduces the basic types of economic integration and explores the potential effects of the process. Next it examines in detail both the European Union (its structure and its operations) and the North American Free Trade Agreement and briefly describes a variety of other regional economic groups. The chapter concludes with a discussion of various commodity agreements and producer alliances, including the Organization for Petroleum Exporting Countries. Chapter Outline OPENING CASE: TOYOTA IN EUROPE Known for...
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... Horizontal integration b. Vertical integration c. Conglomerate integration d. None of the above 2. The source (home) location of most of the world's leading multinational enterprises is: a. North America and Europe b. North America and Asia c. Europe and South America d. Europe and Asia 3. Which type of multinational diversification occurs when the parent firm establishes foreign subsidiaries to produce intermediate goods going into the production of finished goods? a. Forward vertical integration b. Backward vertical integration c. Forward horizontal integration d. Backward horizontal integration 4. Suppose that an American automobile manufacturer establishes foreign subsidiaries to market the automobiles. This practice is referred to as: a. Forward vertical integration b. Forward conglomerate integration c. Backward vertical integration d. Backward conglomerate integration 5. Suppose that a steel manufacturer headquartered in Japan sets up a subsidiary in Canada to produce steel. This practice is referred to as: a. Conglomerate integration b. Forward vertical integration c. Backward vertical integration d. Horizontal integration 6. During the 1970s, American oil companies acquired nonenergy companies (e.g., copper, auto components) in response to anticipated decreases in investment opportunities in oil. This type of diversification is referred to as: a. Horizontal integration b. Conglomerate integration c. Forward vertical integration d. Backward...
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...field staff. The OSCE deals with early warning, conflict prevention, crisis management and post-conflict rehabilitation. Its 57 participating states are located in Europe, Asia and North America and cover most of the land area of the Northern Hemisphere. It was created during the Cold War era. The six official languages of the OSCE are English, French, German, Spanish, Italian, and Russian. Political direction of organization is given by heads of state or government during summits. Summits are not regular or scheduled but held as needed. The last summit took place in Astana (Kazakhstan), on 1 and 2 December 2010. It was the first time when the Organisation has been led by a post-Soviet, Asian and Muslim country. At the same time the OSCE, whose mission is promoting democracy, is being chaired by an authoritarian state. Kazakhstan has been entrusted with the OSCE’s chairmanship because our country within less than twenty years of independence, has modernised and reached an economic development, it has ambitious foreign policy, all without any social unrest. The Kazakh chairmanship of OSCE's is a chance for Kazakhstan becoming a 'spokescountry' for Central Asia, or even CIS(Commonwealth of Independent States) to the West. This could prompt the Organisation to pay more attention to issues on Central Asia area (especially security questions), as OSCE's traditional priority is to promote democracy. The fact that...
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...ASSIGNMENT ON INTERNATIONAL TRADE (Course no: Mgt-310) TOPIC: ECONOMIC INTEGRATION SUBMITTED TO: Dr. MD. ATAUR RAHMAN PROFESSOR DEPARTMENT OF MANAGEMENT STUDIES UNIVERSITY OF DHAKA SUBMITTED BY: GROUP: 08 ROLL: 127, 128, 141, 154, 211, 212, and 213 SEC-B, BBA 16TH BATCH DEPARTMENT OF MANAGEMENT STUDIES UNIVERSITY OF DHAKA DATE OF SUBMISSION: 09.07.12 ECONOMIC INTEGRATION CONTENTS SL. Topics No. 1. Meaning and level of Economic Integration 2. Objectives of Economic Integration 3. Importance of Economic Integration 4. Benefits from of Economic Integration 5. Arguments for of Economic Integration 6. Arguments against of Economic Integration 7. Economic Integration of Asia 8. Economic Integration of America 9. Economic Integration of Europe 10. Economic Integration of Africa 11. Modes of Economic Integration 12. Problems of Economic Integration 13 Danger of Economic Integration 1. Meaning and Level of Economic Integration: Meaning of Economic Integration: Economic Integration means agreements between groups of countries in a geographic region to reduce and ultimately remove tariff and non-tariff barriers to ensure free flow of goods, services and factors of...
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...Economic Integration The concept of “Economic Integration” has been growing in significance for the past 50 years and was established by economists who investigated the early attempts of European countries to combine separate economies into larger economic regions.18 More specifically, economic integration—also called “regional integration”—refers to the discriminate reduction or elimination of trade barriers among participating nations. This also implies the establishment of some form of cooperation and coordination among participants, which will depend on the degree of economic integration that ranges from free-trade areas to an economic and monetary union. Integration among countries in a geographical region to reduce, and ultimately remove, tariff and non-tariff barriers to the free flow of goods, services, and factors of production among each other. For examples: EU (European Union), NAFTA (North American Free Trade Agreement), APEC (Asia Pacific Economic Cooperation) Level of economic integration: The levels of economic integration divided into five different levels and they are shown in figure 1.0. The first one is the Free Trade Area, Custom Union, Economic Union, Monetary Union and then the political union. These five levels are inter- linked with each other; first we have to have the come up with the identification of the free trade area among the participant. Than to ensure the exchange of the goods among the participant a custom union will be required. This custom...
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...North American Economic Integration: NAFTA and Beyond Dr. Igor M. Paramonov, Southern Alberta Institute of Technology, Calgary, AB, Canada ABSTRACT This paper examines various possibilities for future economic integration within and beyond the North American Free Trade Agreement (NAFTA). Previous publications have suggested three potential trajectories including development within the envisioned original structure, deepening, and widening of NAFTA (Clement et al, 1999). It is necessary to revisit these directions while summarizing major developments and new perspectives. Vision and hard work are required for NAFTA to remain one of the most economically competitive regional trading arrangements in the world. In addition to NAFTA, each member nation has pursued its own plans to integrate with countries and regions beyond North America. The most recent developments involve trade negotiations between Canada and the European Union, as well as both Canada and Mexico’s considerations to join the nine countries of the Trans-Pacific Partnership Pact. The United States cooperates with a group of smaller developing economies within the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR). This paper presents ongoing analysis of governmental, academic, and other sources for the purpose of teaching in the field of international business, including the uncommon course of “Business under NAFTA.” INTRODUCTION Is the “Age of NAFTA” over? This is a legitimate...
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...Over the last few years Kazakhstan has implemented foreign policies aimed to improve relations with a vast array of new geopolitical actors, besides common partners such as Russia, on which the Central Asian country was formerly heavily dependent. Using its huge potential in the hydrocarbon industry, Kazakhstan has managed to rise above all other Central Asian states in terms of political and economic importance and has turned its eyes to China as an important and powerful partner for cooperation in the economic, political, and security spheres. This article on Kazakhstan and China was written by Fabio Belafatti, and originally published by our knowledge partner "Equilibri" at the following address: http://www.equilibri.net/nuovo/sites/default/files/focus_belafatti_china%20kazakhstan.pdf The “Kazakh path” (with its contradictions) and Kazakh-Chinese relations In recent years Kazakhstan has become an important actor in regional international relations in Central Asia. The country's improvements have been underscored by international observers in many occasions. It is undeniable that compared to the rest of the region, Kazakhstan shows much higher levels of development. In purely macroeconomic terms, Kazakhstan’s economy is the largest in Central Asia and has shown very high growth levels for many years, recovering very fast when hit by the world economic crisis. In broader terms, Kazakhstan’s success is underscored by the fact that it is the only country in the region...
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...[pic] CHINA’S POLICY TOWARDS CENTRAL ASIA Muddassir Ali Khan M.A International Relations 2010-12 Abstract The emergence of five central Asian states Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan is result of the disintegration of Soviet Empire. These states are full of natural resources like gas and oil. They have adopted “open door policy” to exploit the enormous wealth of natural resources .They engineered this policy to ensure internal development, strong economy and better foreign relations. In this regards her neighboring country china also there to fulfill the huge needs of energy, to contain U.S. influence in this region, counter terrorism, and make this region as strong economic market, china’s make better policies to achieve these goals and try to enhance better relations with these Central Asian States. The disintegration of Former Soviet Socialist Republics (USSR) in 1991 and the five independent central Asian republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan opened up phenomenal opportunities for china to exercise its influence in the central Asian region. These states attracted the world, primarily for its vast energy resources and other raw materials. The geo-economic and geo-strategic im to enhance its economic ability, strengthen its security to fulfill the Chinese principle of foreign policy...
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...Russian Foreign Policy in Central Asia since 2013: Assessing the successes and failures Generally it is assumed that Russian foreign policy in Central Asia has been characterized by “neo-imperialism”. Yet this is statement is only partially true considering the fact that Moscow’s policies within its “sphere of influence” have not be static, and have been characterized by sweeping modifications. Since the breakup of Soviet Union, Russian policy in Central Asia has gone through drastic transformations and its influence in the region has varied over time. At present, Russian authority in Central Asia is weakening, yet the Kremlin continues to utilize number of political, institutional and economic strategies to prolong its presence there. Multilateral as well as Bilateral arrangements, and economic and energy leverages combined with cultural instructions are widely implemented in order to maintain Russian influence in Central Asia. Considering the fact that states in the region most importantly though not solely Kazakhstan, have begun to search for diversification and partnership with other great powers, they have gained a certain degree of independence from Moscow. Besides, in recent years China has emerged in Central Asia as an important rival to Russia in terms of influence, and has already established multiple agreements and investments with all of the states in the region. The degree of independence that Central Asian states have managed to gain due to their conviction to act...
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