We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
What Does Trade Intensity Index Reveal About Regional Integration in South Asia?
- Authors
Verma, Renu; Saini, Gordhan Kumar
- Abstract
In the last four decades, the share of developing countries in global trade increased from about one-fifth in 1960 to about one-third in 2004 at a time when global trade as whole was increasing to unprecedented levels. The World Trade Organization (WTO), formed in 1994, consolidated an evolving system of rules based on nondiscrimination among trading partners, a cornerstone of the multilateral system. Another significant trend in the trading system which was rapidly gaining momentum and establishing a very different set of rules, was the proliferation of the Regional Trade Agreements (RTAs). Political harmony, complementarities, and differences in competitiveness are often mentioned as pre-conditions for an RTA to be successful. Similarly, higher level of intra-regional trade provides better evidences for successful regional integration.
- Subjects
INTERNATIONAL trade; COMMERCIAL treaties; FOREIGN trade regulation; INTERNATIONAL economic relations; WORLD Trade Organization
- Publication
ICFAI Journal of International Business, 2008, Vol 3, Issue 3, p7
- ISSN
0973-3752
- Publication type
Article