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"REGIONAL TRADE"
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Improving Regional Trade to Support Pakistan’s Economic Growth
Regional trade has been an important factor in the economic success of many countries. Within most trading blocs, intra-regional trade comprises 40 percent or more of each member country’s individual trade. However, for the regional arrangements of which Pakistan is a member, intra-regional trade accounts for less than 5 percent. Pakistan’s strategic location is its greatest asset, but it has not leveraged this to its advantage. Although it was a relatively forward-looking country until the mid-1960s its policies have not been favorable to promoting trade and economic development since then. While other successful developing countries have espoused liberal trade regimes since the 1980s—resorting to protectionism only on a selective basis—Pakistan continues to rely on import substitution policies. Clearly, the country needs to revisit its regional and global trade policies. Keywords: Pakistan, regional trade, Central Asia, regional trade routes, ports, Gwadar.
Journal Article
African Regional Trade Agreements and Intra-African Trade
This paper investigates regional trade agreements in Africa by using panel data spanning 1995~2014. Trade creation and diversion effects are assessed through a gravity model estimated using the Eicker–White robust covariance Poisson pseudo-maximum likelihood method. This method proves superior to the usual nonlinear least square estimators, especially against heteroscedasticity and data with zero value. The findings suggest that regional trade agreements may enhance trade. The differences in effects can be matched with the effectiveness in implementation by respective member countries. The trade gains of regional trade agreements do not come at the expense of trade with non-members. By controlling for the duration within a regional trade agreement, we also show that a very small but significant share of the benefits occurs over time in the Economic and Monetary Community of Central Africa, Southern African Development Community, Southern African Customs Union, and West African Economic and Monetary Union. Trade benefits seem to decline over time in the East African Community.
Journal Article
Regenerating regional culture : a study of the international Book Town Movement
\"This book explores the significance of the international book town movement and its impact on contemporary society. It examines how book towns have emerged and how their culture and unique characteristics help to explain a steadily growing phenomenon that has enabled peripheral communities around the world to reclaim their economic futures and impact on the cultural sphere as increasingly powerful sites and sources of creativity.\"--Back cover.
BOOK
Do Regional Trade Agreements Increase Members' Agricultural Trade?
The gravity model is used extensively to investigate the trade flow effects of Regional Trade Agreements (RTAs). A notable feature common to previous research is the use of aggregate trade data. These studies typically report conflicting, and even negative results of the effect of RTAs on members' trade. Using recent developments in the gravity equation suggested by Baier and Bergstrand (2007) and Anderson and van Wincoop (2003), this article demonstrates that RTA effects on members' trade depend fundamentally on whether the analysis focuses on agricultural or nonagricultural sectors, on the particular agreement analyzed, and on the length of the phase-in period that characterizes almost all RTAs.
Journal Article
Silk Road to Belt Road : reinventing the past and shaping the future
This volume approaches China's Belt and Road Initiative as a process of culturalization, one that started with the Silk Road and continued over the millennium. In mainstream literature, the Belt and Road Initiative (BRI) has been portrayed as the geo-economic vision and geo-political ambition of China's current leaders, intended to shape the future of the world. However, this volume argues that although geo-politics and geo-economy may play their part, the BRI more importantly creates a venue for the meeting of cultures by promoting people-to-people interaction and exchange. This volume explores the journey from the Silk-Road to Belt-Road by analyzing topics ranging from history to religion, from language to culture, and from environment to health. As such, scholars, academics, researchers, undergraduate and graduate students from the Humanities, Social Sciences, and Business will find an alternative approach to the Belt and Road Initiative.-- Provided by publisher.
Book
Africa's silk road : China and India's new economic frontier
New horizons are opening for Africa, with a growing number of Chinese andIndian businesses fostering its integration into advanced markets. However,significant imbalances will have to be addressed on both sides of the equation to support long-term growth.
eBook