New Futures for BIMSTEC


Book Description

BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) represents one of the most diverse regions of the world. Providing a unique link between South Asia and Southeast Asia, it brings together 1.5 billion people and a combined GDP of $2.7 trillion. This volume focuses on issues related to connectivity, commerce, and security challenges facing BIMSTEC. It studies BIMSTEC’s relevance as an inter-governmental organization in the changing international milieu. The volume discusses the necessity of connectivity to enhance Bay solidarity and analyses the political, strategic and security concerns that restrain commercial connectivity. It also looks at the Bay of Bengal region as a zone of competition—and possible collaboration—between the littoral countries and major powers involved in the region. Comprehensive and topical, this volume will be an essential read for scholars and researchers of international relations, South Asian studies, foreign policy, diplomacy, Southeast Asian studies, defence and strategic affairs, maritime studies, international trade, regional cooperation, and political studies.




Twenty Years of BIMSTEC


Book Description

This book reviews the past and provides new strategies to help BIMSTEC achieving a new paradigm of integration. It primarily deals with the regional cooperation and integration issues, and assesses policy priorities, effectiveness, implementation imperatives and challenges. Each chapter in this book tries to capture essential features of the crosscutting issues and attempts to draw some policy implications. The subject of this book will be of special interests to policy planners, development organisations, academicians, researchers as well as potential investors. Please note: T&Fdoes not sell or distribute the Hardback in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka.




Crossing the Bay of Bengal


Book Description

The Indian Ocean was global long before the Atlantic, and today the countries bordering the Bay of Bengal—India, Bangladesh, Burma, Sri Lanka, Thailand, and Malaysia—are home to one in four people on Earth. Crossing the Bay of Bengal places this region at the heart of world history for the first time. Integrating human and environmental history, and mining a wealth of sources, Sunil Amrith gives a revelatory and stirring new account of the Bay and those who have inhabited it. For centuries the Bay of Bengal served as a maritime highway between India and China, and then as a battleground for European empires, all while being shaped by the monsoons and by human migration. Imperial powers in the nineteenth century, abetted by the force of capital and the power of steam, reconfigured the Bay in their quest for coffee, rice, and rubber. Millions of Indian migrants crossed the sea, bound by debt or spurred by drought, and filled with ambition. Booming port cities like Singapore and Penang became the most culturally diverse societies of their time. By the 1930s, however, economic, political, and environmental pressures began to erode the Bay’s centuries-old patterns of interconnection. Today, rising waters leave the Bay of Bengal’s shores especially vulnerable to climate change, at the same time that its location makes it central to struggles over Asia’s future. Amrith’s evocative and compelling narrative of the region’s pasts offers insights critical to understanding and confronting the many challenges facing Asia in the decades ahead.




BIMSTEC


Book Description

This volume is a comprehensive study of the challenges and opportunities facing the BIMSTEC, The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. BIMSTEC was established to promote economic cooperation among rising economic powers in South and Southeast Asia, but after years of stagnation the need for renewed regional commitment is starker than ever. The book studies the BIMSTEC’s present status and highlights the ways in which the organisation can be rejuvenated to forge a stronger Bay of Bengal community. It looks at key themes such as the challenges to regional integration, India’s "Look East" and Thailand’s "Look West" policies, transport connectivity and tourism within the BIMSTEC and the aspirations of various member countries. It also examines BIMSTEC’s approach towards climate change, disaster management and rehabilitation. A timely contribution, this volume will be useful for scholars and researchers of international relations, South Asian studies, foreign policy, diplomacy, Southeast Asian studies, defence and strategic affairs, maritime studies, international trade, regional cooperation and political studies.




Regional Trade and Development Strategies in the Era of Globalization


Book Description

Despite three decades of continuous globalization, transitional economies in many countries remain marginalized. In order to maximize the positive growth of employment creation opportunities in various sectors, including agriculture, existing patterns of long-run sustainable equilibrium relationships, technology transfers, and trade to promote export-led economic growth must be examined and identified. Regional Trade and Development Strategies in the Era of Globalization provides a comprehensive overview of globalization and regional initiative trends of trade and development through the examination of theoretical and practical experiences of their underpinning principles through approaches to overcome the obstacles of globalization and its positive and negative impacts on global trade and economic development. The content within this publication examines economic integration, foreign investment, and financial risk. It is designed for trade specialists, government officials, students, researchers, policymakers, business professionals, academicians, and economists.




BIMSTEC Trade Facilitation Strategic Framework 2030


Book Description

This report outlines nontariff barriers to trade between BISMSTEC subregion countries and shows how a structured approach centered on boosting compliance, harnessing technology, and improving infrastructure can bolster intraregional trade. It gives a run-down of the trade infrastructure and regulations of each member country–Thailand, India, Bangladesh, Myanmar, Sri Lanka, Bhutan and Nepal–outlines the constraints each faces and details progress made to date. Explaining how the region is recovering from the pandemic, it shows how factors such as faster clearing, stronger mutual agreements, and greater automation can streamline trade between the countries and spur economic growth.




Evaluating Trade and Economic Relations Between India and Southeast Asia


Book Description

Owing to a strong cultural and historical bond, India and Southeast Asia have progressed rapidly. Though there are political and ideological differences between these two entities, it may not hamper the strong bond as there are many common shared values among these nations. The history of these nations identifies that the cooperation between them in terms of trade and commerce is not upheld per the given potential of these nations. In the past, the Indian economy was linked with Southeast Asian countries under the “Look East” policy, which has been re-energized again under the present government. Now, the “Look East” policy is practically more vibrant than ever before with the motto “Act East.” This policy facilitates these countries in emphasizing the importance of better regional connectivity for tourism as well as robust trade and commerce. It leads to a phenomenal growth in terms of imports and exports for these countries. Evaluating Trade and Economic Relations Between India and Southeast Asia sheds light on the trade and economic linkages between India and Southeast Asia and their impact on the nations in the past, present, and for the future. The chapters study whether the win-win strategy works for the strengthening of these countries in terms of both trade relations and political integrity, as well as in facing common enemies across international boundaries. Some of the topics covered include food security, tourism opportunities, trade blocs, trade relations, and economic relations between countries. This book is a valuable reference tool for economists, government officials, policymakers, trade analysts, practitioners, researchers, academicians, and students interested in the policies and relations between India and Southeast Asia that affect trade and the economy.




Foreign Direct Investments (FDIs) and Opportunities for Developing Economies in the World Market


Book Description

The role of foreign direct investment initiatives is pivotal to effective enterprise development. This is particularly vital to emerging economies that are building their presence in international business markets. Foreign Direct Investments (FDIs) and Opportunities for Developing Economies in the World Market is a critical scholarly publication that explores the importance of global stocks to new economic structures and explores the effects that these holdings have on the financial status of growing nations. Featuring a broad range of topics, such as economic transformation, investment in production facilities, and foreign direct investors, this publication is geared towards academicians, practitioners, and researchers seeking current and relevant research on the importance of global investment in new and growing financial municipalities.




India in the Era of China’s Belt and Road Initiative


Book Description

Anil Sigdel dives into some of the most interesting trends in international relations, such as the rising influence of China and the instruments it uses to advance its interests worldwide, chiefly among them the Belt and Road Initiative(BRI) and the interplay between China and India, and what means New Delhi employs to come after China in the wider world. To this end, Sigdel takes both a geographic view by analyzing China’s and India’s relations with key regions – South East to Central Asia, Indian Ocean Region and Africa - and a functional view scrutinizing issues of relevance to the main topic – from cultural ties to infrastructure investment and maritime security. In his incisive analysis, Sigdel provides rich details on how India’s partnership is shaping with the major stakeholders in the Indo-Pacific region such US, Japan and France, and how India is balancing these partnerships vis-à-vis the one with Russia. The conclusions point to interesting prospects for the future – China challenge has, in a way, helped India further advance its own ambition of becoming a separate pole or leading power, therefore, India is likely to pursue that status by aligning issue-wise with all the powers.




China-asean Sub-regional Cooperation: Progress, Problems And Prospect


Book Description

This book is an edited volume about China-ASEAN relations with contributions from experts based in China and Singapore. The book includes a few excellent papers that were presented at a conference the editor organized in October 2009 and also two other research papers. They examine China-ASEAN relations from a sub-regional cooperation perspective. The book discusses and analyzes China-ASEAN cooperation in the Greater Mekong River Sub-region (GMS), the emerging Pan-Beibu economic zone, ASEAN's growth triangles, and the hydraulic power sector, as well as China-ASEAN economic relations in the wake of the financial crisis. They carefully review the progresses that have been achieved, examine new policy proposals that have been put forth, and explore problems that exist in all these sub-regional cooperation schemes between China and ASEAN.