Table of Contents

Regional Integration, Economic Development and Global Governance

Regional Integration, Economic Development and Global Governance

Edited by Ulrich Volz

The contributors expertly provide a comparative perspective on regional integration in different regions of the world while at the same time analysing the various facets of integration, relating to trade, FDI, finance and monetary policies. They provide a comprehensive treatment of the subject and offer new perspectives on the potential developmental effects of regional integration and the implications of regional integration for global economic governance. Whilst highlighting and illustrating the potential benefits deriving from regional economic integration, the book also stresses the problems and challenges regional integration processes are usually confronted with.

Chapter 7: Regional Trade-FDI-Poverty Alleviation Linkages – Some Analytical and Empirical Explorations

Ram Upendra Das

Subjects: development studies, development economics, economics and finance, development economics, regional economics

Extract

Ram Upendra Das* 7.1 INTRODUCTION The theme of this chapter is to explore both analytically and empirically the interlinkages among trade, foreign direct investment (FDI) and poverty alleviation in a regional context. While most regional cooperation initiatives entail trade liberalization and investment cooperation agreements, they have largely been bereft of being contextualized in terms of developmental goals like poverty reduction. Various factors explain this neglect of development concerns in regional economic groupings both at the analytical and policy levels. First, most of the rather successful regional economic groupings have remained in the developed world. Second, there are only few regional integration initiatives in the developing world that have been acknowledged as relatively successful, such as the Association of Southeast Asian Nations (ASEAN), but they have not coherently incorporated developmental goals as their prime policy pursuits. Third, some of the developing country groupings that have done so have not been acknowledged as successful, such as the South Asian Association for Regional Cooperation (SAARC).1 Finally, the analytical basis of the channels through which trade can contribute to poverty reduction is not yet fully understood. For instance, the tradeemployment linkage and its impact on income generation and subsequent poverty reduction are not directly considered in the literature on regional economic cooperation. Trade-investment linkages, which are another channel through which trade and poverty could be linked, have not received adequate attention and formal treatment in the literature on the subject either. The importance of understanding issues as those highlighted above is 149 M2619...

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