Handbook on the South Asian Economies

Handbook on the South Asian Economies

Elgar original reference

Edited by Anis Chowdhury and Wahiduddin Mahmud

This Handbook on the South Asian Economies (a companion to the Handbook on the Northeast and Southeast Asian Economies) is a comprehensive and unique collection of original studies on the economic and social development of countries in South Asia. The analytical narratives draw upon a wide range of extant literature in an easily accessible way, whilst highlighting the impact of socio-political factors on economic outcomes. The introductory chapter by the editors provides a comprehensive survey of the main features of South Asian economic development, especially in respect of the policy reforms since the late 1970s.

Preface

Edited by Anis Chowdhury and Wahiduddin Mahmud

Subjects: asian studies, asian development, asian economics, development studies, asian development, economics and finance, asian economics, international economics

Extract

South Asia is home to nearly one-quarter of the world population. The region’s cultural diversity, rich history, social and economic developments have always fascinated thinkers, from Adam Smith to Karl Marx, to Nobel Laureate Gunnar Myrdal, who titled his famous magnum opus on the region, Asian Drama (1968). South Asia provided a rich testing ground for development practitioners, and leading paradigms in development economics can be traced back to the region. For a while, though, there was a loss of interest in South Asia with the ascendency of East and Southeast Asia. Since the 1990s, the focus of development economists has begun to shift back to the region, with the region poised to take off, following economic reforms. However, as always, the region’s experience is diverse; the challenges of and responses by different countries of the region are varied. Even when they faced the same challenge, their responses were not the same. Thus, the efforts to understand the complex development experience of the region have spawned a large amount of literature. This volume is a collection of chapters on economic and social development in South Asia. The analytical narratives on the economic transformation of South Asian economies are based on the wide-ranging extant literature, and highlight the interactions of sociopolitical factors as they impact on development outcomes. In particular, they examine the role of economic policies that were influenced by historical and political circumstances of the time. Each chapter, written by country experts, begins with a brief...