TY  - BOOK
AU  - Acharya,Sushmita
AU  - Tang,John C.S.
AU  - Ramanathan,K.
AU  - Buchel,B.
ED  - Government of France,
ED  - Asian Institute of Technology,
TI  - An analysis of economic integration among South Asian countries and its possible implications for Nepal
T2  - Research studies project report
PY  - 1997///
CY  - Bangkok
PB  - Asian Institute of Technology
KW  - International economic integration
KW  - Nepal
KW  - Commerce
N1  - A research study submitted in partial fulfillment of the requirements for the degree of  Master of Business Administration, School of Management; Research studies project report (M.BA.) - Asian Institute of Technology, 1997
N2  - The world today is more economically dependent than at any time in history. Reduced  transportation and communication cost together with globalization of business has drawn  regional nations together, which has resulted in steady movement by nations towards  economic integration. Seven South Asian countries, namely Bangladesh, Bhutan, India,  Maldives, Nepal, Pakistan and Sri Lanka, have also initiated 'their effort of regional  cooperation by establishing the South Asian Association for Regional Cooperation (SAARC).  To promote economic cooperation the member countries have ratified the South Asian  Preferential Trade Agreement (SAPTA) and are working towards establishment of South  Asian Free Trade Area (SAFTA), by 2001 .  Trade is an engine for economic growth. The success of any regional cooperation  depends upon the volume of its internal and external trade. Despite close geographical  location, common history and culture, members of SAARC have not been major trading  partners. Most of the countries in South Asia face problems of poverty and under development. Moreover, they are facing problems of fragmentation of global trading system  due to emergence of other regional groupings, rising protectionism from their traditional  exports market, and reduced financial aid from industrialised countries. In this context, their  movement towards economic integration is timely and appropriate. Effectiveness of their  economic integration depends on how these countries handle impediments within the region  and challenges from the rest of the world.  Nepal has been a small player in the region with minimal contribution to the regional  trade. It is believed that the economic integration will benefit Nepal in number of ways. But  the very nature of the Nepalese economy imposes many obstacles. Major impediments for  Nepal in terms of economic integration is its landlocked position, poor infrastructure and  undeveloped industrial structure. Economic integration provides both opportunities as well as  threat to Nepal. Therefore, Nepal needs to move cautiously towards higher degrees of  economic integration prioritizing those areas in which it bears competitive advantage
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ER  -