Table 1 - uploaded by Biswa Nath Bhattacharyay
Content may be subject to copyright.
Source publication
Open regionalism and integration between the world's two largest developing countries, People's Republic of China (PRC) and India, in trade, investment and infrastructure can foster outward-oriented development, and economic and social benefits that could result in poverty reduction. In view of the increasing trend of regional integration, particul...
Similar publications
Asia, and the Pacific. Depending on the region, the assistance is directed to large-scale infrastructure projects, energy facilities, or natural resource development activities. The aid is combined with investments and trade arrangements. Generally, China's aid programme is driven by economic, diplomatic, and strategic objectives. The rules accordi...
Sovereign wealth funds (SWFs) represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource–exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. Traditionally, these funds have invested in external assets, especially securities tr...
The aim of the article is to suggest a monitoring tool for a business model to assess performance and meet sustainable development goals and indicators for the sea commercial ports. According to the 2030 Sustainable Development Agenda, building resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation...
Undoubtedly, reliable, efficient infrastructure is crucial to economic and social development and the promotion of pro-poor growth. Poor infrastructure impedes a nation’s economic growth and international competitiveness. In fact, it has long been recognised that an adequate supply of infrastructure services is an essential ingredient for productiv...
The United Nations Conference on Trade and Development’s E-Commerce and Development Report 2002 provides a great deal of information on e-commerce from a variety of countries. The purpose of the report is to influence the expansion of e-commerce in small to medium sized companies in developing countries. Unfortunately, the data provided does not su...
Citations
... The trade bloc – South Asian Association for Regional Cooperation (SAARC) – was an attempt at formal regionalism in 1985 by providing a platform for South Asian countries to work together in a spirit of friendship, trust, and understanding. SAARC has led to the implementation of the South Asia Free Trade Area (SAFTA), signed in January 2004, and steadily enhanced formal trade between India and Bangladesh (see Table 1) (Bhattacharyay & De, 2005). SAARC however has failed to improve the border situation between India and Bangladesh. ...
Research on borderlands in recent years has emphasized the variation in how boundaries and borders operate for different groups of people and institutions in the. era of globalization. Capital, goods, and people with. resources inhabit an almost "borderless world." In contrast, people in the less developed regions tend to experience borders more as. barriers. Borders create different lived experience for people who reside in particular borderlands as distinctive in-between spaces. This paper contends to understand the formation of borderlands and their meanings in the current context of globalization, especially those created as part of colonization. or the legacies thereof. We need to carefully analyze the embedded experience of inhabitants' informal and fluid lived experiences that straddle national geopolitical disputes, local conflicts and negotiations, and in-between urban spaces characterized by what we call "relative urbanity". We offer supporting evidence for this argument via a grounded analysis of the links and interactions between people living in and across two borderlands along China's and Bangladesh's boundaries with Eastern India-that were a. creation of British colonial rule in India and have evolved with and beyond this colonial legacy.
... 24 Contributing only 16% of China's gross domestic product, Western China is akin to India's NER which shares 12% of India's population but accounts for only 10% of the country's GDP. 25 Currently, however, border trade reveals only 'symbolic' significance (discussed in detail subsequently). This paper discusses the current status of border trade, and ways of increasing the attainable area of interface with China (including improving future prospects for regular overland trade) to promote both better border management and overall intercountry trade, eventually. ...
This paper aggregates the state of India–China economic relations with a specific focus on trade at the borders. It explicates the potential for economic activity at the border regions to generate self-sustaining and/or externally linked local development for both countries. By an examination of the existing trade and investment policies and practices, it shows how geographical contiguity is yet to be transformed into opportunity along the India–China border, a practice consistent both with the history of these regions as well as with the blueprints being drawn up for the future of these regions. Informed by the Liberal school of IR theory, the paper studies border trade through the paradigmatic optic of being an important, yet underutilized, avenue of dyadic interaction, and makes a case for upgrading the status of border trade in the overall schema of bilateral trade relations between India and China.
... While the PRC has emerged as one of the world's fastest-growing economies, India's economy with a robust average annual growth rate of 6% in the 1990s is also showing healthy growth momentum. Bilateral trade and investment links between the two countries have grown rapidly over the past few years, suggesting the presence of complementarities and unexploited potentials (Bhattacharyay and De, 2005). ...
... Integration will bring reduced transaction costs; greater productive infrastructure services; lower trade barriers; faster communication of ideas, goods and services; and rising capital flows. Integration requires a strong political will not only at the national level, but also at the regional level (Bhattacharyay and De, 2005). The environment for a PTA/FTA is better than ever between the PRC and India. ...
Open regionalism and trade cooperation between the world’s two largest developing countries, the People’s Republic of China (PRC) and India, can foster outward-oriented development and intra-regional trade based on comparative advantage and available factor endowments. In view of the recent wave of worldwide subregional and bilateral trade cooperation, and the recent suspension of Doha negotiations by the World Trade Organization, the opportunity costs of not moving toward greater trade integration between the PRC and India could be increasing. This paper presents the recent trends in the PRC-India trade and examines empirically the likely impact of their preferential and free trade agreements using Gravity Model under different comparative-static scenarios. It also discusses the implications of PRC-India trade cooperation on the formation of the Asian Economic Community. [ADB Institute Discussion Paper No. 59]
... Opportunities for fruitful cooperation exist in many areas such as manufacturing, services, and investment. Their geographical proximity and large-sized economies would facilitate exploitation of these synergies (Bhattacharyay and De, 2005) In order to enhance bilateral trade and promote economic cooperation, both China and India have started negotiations for a FTA. Though the Indian Government has been vigorously trying to conclude increasing number of bilateral/regional trading arrangements with different countries in last several years, however, it has expressed its reservation to conclude similar bilateral free trade agreement with China at this moment because of its higher nominal tariffs on its imports compared to other countries in one hand and existence of hidden subsidies in China on the other. ...
As revealed by the trade intensity indices, India and the People s Republic of China have significant bilateral trade potential, which remains unexplored until now. These countries are presently negotiating for free trade arrangements among them based on their complementarities. This paper makes an attempt to estimate the likely benefits in terms of gains or losses in imports of both India and China due to different preferential trading arrangements and free trade arrangements using the gravity model. Empirical results show that in the short run India s potential gain is relatively less compared to China because of its high tariffs but in the long run, India s gains are higher than China once its tariff levels are brought at par with them. Free trade arrangement is a win-win situation for both countries and is consistent with their growing dominance in the international trade.
... Furthermore, there has been a shift in regional trade strategy, and bilateral trade accords are ascending, marking a shift from a regional emphasis on multilateralism. With the aggressive pursuit of these bilateral trade deals among Asian countries and between Asian and non-Asian countries, the opportunity costs of not accelerating bilateral regional integration are high for Asian countries (Bhattacharyay and De, 2005). In recent years, bilateral agreements have mushroomed in Asia. ...
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high growth rates, Asia is still facing considerable socio-economic challenges. If Asia is to reemerge as a major power in the global economy and in order for the region to successfully address its own challenges and issues there is a need to make the region’s economies more integrated regionally and internationally. Following the recent global trend, Asia witnessed a wave of subregional and bilateral trade agreements. This paper analyzes the recent trends and patterns and nature of regional trade and cooperation agreements (RTCAs) in Asia and associated problems and prospects. It also attempts to understand the latest wave and the future shape of RTCAs and examines if these RTCAs provide the basis for a new Asia-wide cooperation or for the emergence of new regional trade in blocs of several subregional groupings.
... The increase has been caused by the enhanced trade opportunities coming from establishment of more trade points between the members. For instance, a border custom station between Myanmar and India has been opened at Moreh (Manipur) and a second border trading point at Champhai would contribute further in that process (Bhattacharyay and De, 2005). Similarly, in the Indo-Lanka FTA India has agreed to offer more ports of entry for Sri Lankan tea and garments (Guha Thakurta, 2007). ...
It is now well-accepted that infrastructure development is essential for the growth of any economy. Successive governments in India, both at the Union and State level have given a thrust towards increased budgetary spending on infrastructure to help economic growth. On the eve of the 75th year of independence, there is a reiteration for long-term initiatives, including focused programs for roads, railways, airports, waterways, mass transport, ports, and logistics to further boost infrastructure spending. Keeping this in mind, the authors sought to systematically review the literature on how infrastructure development has unfolded in India between the years 2000–2022. The study shows that with diverse economic growth in India, there is interest in infrastructure development aligned with public interests. Infrastructure development is contextual and location-specific. Access to infrastructure positively impacts social and economic outcomes. There is however growing concern for sustainable development with rapid urbanization.
China, the world’s largest CO2 emitter, is continuing its long-term strategy to use transportation investments as a tool for development. With the expectation that transportation will contribute 30–40% of the total CO2 emissions in China in the near future, there is an imminent need to identify how the development of different transportation modes may have different long-term effects on CO2 emissions. Using time series data over the period of 1985–2013, this paper applies the combined autoregressive distributed lag (ARDL) and vector error correction model (VECM) approach to identify short- and long-run causal relationships between CO2 emissions and mode-specific transportation development, including railway, road, airline, and inland waterway. We find that China’s domestic expansions of road, airline, and waterway infrastructure lead to long-run increases in CO2 emissions. Among them, waterway has the strongest positive impact on CO2 emissions, followed by road. Despite a short-run, positive impact on CO2 emissions, railway expansion leads to long-run decreases in CO2 emissions. The results are especially encouraging for the central government of China given its long-standing and on-going efforts to expand railway infrastructure at the national level. Looking forward, it is recommended that China continues its national investments in railway infrastructure to achieve both environment and economy goals.
Along with a new wave of intense globalization at the beginning of the 1990s, the idea of a borderless world of regions and countries was widely discussed and started to take shape in the policy agenda of most countries including the ASEAN region. ASEAN’s connectivity with nations beyond the region is equally important which, in turn, would place it at the centre of economic growth and development in the region, that is the “South Asia–South East Asia–East Asia–Australia–New Zealand Corridor.” With a combined market of 1.86 billion people, a combined GDP of USD5.11 trillion and a total labour force of almost 0.8 billion, ASEAN–India connectivity offers huge potential for increased business and economic interaction contributing to increased intra-ASEAN and extra-ASEAN trade.
