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Promoting Economic Cooperation in South Asia

2010.02.10 New World Bank report
South Asia has attracted global attention because it has experienced rapid GDP growth since 1980, averaging nearly 6% per annum. Yet, it faces many challenges. There are two faces of South Asia. The first South Asia is dynamic, growing rapidly, highly urbanized, and is benefiting from global integration. The second South Asia is largely agricultural, land-locked, exhibits high poverty, suffers from many conflicts, and is lagging.
The divergence between the two faces of South Asia is on the rise. Many policy and institutional constraints contribute to this dichotomy. One important constraint is regional conflict that has made South Asia one of the least integrated regions of the world.

About the report
Preface: The cost of weak regional cooperation tends to hurt the poor more than the other segment of the population. Two of the poorest South Asian countries are Afghanistan and Nepal; both are land locked. Several lagging regions in the larger South Asian countries of Bangladesh, India and Pakistan are located in the border areas and suffer from lack of market integration. Over 500 million people, most of them very poor, live in the Indus and the Ganges–Brahmaputra river basins.

These great basins are shared by six nations and are characterized by almost no cooperation and, instead, marked political sensitivity and tension. Several attempts to promote cooperation have failed. Climate change is predicted to have serious impacts on the monsoon, on river flows, and on the rising sea level, with increased incidence of floods and droughts in areas where current shocks already regularly and severely affect the lives and livelihoods of large numbers of people.
The report looks at the many policy and institutional constraints that contribute to the present state and have made South Asia one of the least integrated regions of the world.

This article is quoted from World Bank South Asia. The article is quoted from End Poverty in South Asia – a blog to promote dialog on development in South Asia.
To download the report following the link to the original article.

The article is uploaded by Majbritt Thomsen, administrator on ‘Views On Tourism’.

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Posted in Asia, Development.

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