Loading... International Economic Relations | Gautam Murthy
International Economic Relations

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Book Code: 1111016994931

Gautam Murthy

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ABOUT THE BOOK

India unveiled the Look East policy in 1991. East Asia, including Japan, China, South Korea and ASEAN is today India's largest trading partner, ahead of EU and the US. Proliferation of Free Trade Agreements (FTAs) is the clearest evidence of Asian countries desire to forge closer economic relationships. Look East has evolved to “Act East” and “Action East”.The growing importance of CECA (Comprehensive Economic Cooperation Agreements) indicates that such agreements are becoming deeper, extending to areas beyond just tariff reduction.

Intra-regional trade and investment require building up of shared infrastructure. Many Asian countries have joined together to develop cross-border infrastructure to lay the foundations for closer trading relationships and increased connectivity among countries. India is today slow in agreeing to signing the RCEPA (Regiona l Compr ehens ive Economi c Partnership Agreement) which includes ASEAN, India China, Japan, South Korea, and Australia, due to economic and tariff issues, though for geo-political considerations, it wants to go ahead.

Ultimately, National interests, will override, both geo-economics and geo-politics. It must be added here, when we talk of the “Asian Century”, West Asia, Central Euro-Asian and former Soviet Central Asian Republics (now independent countries, with the break-up of the Soviet Union in 1991),are left out. Asia can be a true power to reckon with only if all of ASIA is included in any geo-economic or geo-political discourse.BIMSTEC (Bay of Bengal Initiative for Multispectral Technical and Economic Cooperation) or SCO (Shanghai Cooperative Organization),or a truncated SAARC, cannot be a viable option, although, it may serve shortterm political gains.

Needless to say, there should be zero tolerance to terrorism. across ASIA, and INDIA particularly, should be wary of engaging, China, Pakistan, and a Talibanised Afghanistan, even on trade and regional cooperation issues.

Some of these areas will be covered in the Book. The Book consists of Articles written over the past two decades, and the Chapters give an overview of India's bilateral and regional cooperation, and theoretical issues in international trade. Many of the Articles are updated versions of Articles, written in 2008, in a Book, with the same title.

ABOUT THE AUTHOR

DR. GAUTAM MURTHY is a Retired Professor of Economics at the Centre for Indian Ocean Studies, Osmania University, Hyderabad, India. He has done his PhD on “Trade and Export Instability in the ASEAN Economies” from the Gokhale Institute of Politics and Economics, Poona University. He was also Professor at XLRI, Jamshedpur. He is on the Board of Academic Studies of many Indian Universities, and was the Chairman of the Doctoral Committee for evaluating many PhD theses. He has more than 30 years of
teaching and research experience. He has published Six Books, titled - 1. “International Trade and Economic Co-operation-Indian Perspectives”; 2. “Regionalism in the Indian Ocean Rim”; 3. “Strengthening Indo-South African Relations”; 4. “APEC and India-Emerging Perspectives”; 5. “Trade and Economic Cooperation”; and 6. India: Bilateral Trade and Regional Economic Cooperation”. His last Book, was released by the Hon’ble Former President of India, Bharat Ratna, Shri. PranabMukherjee. He has published more than 60 Articles in leading National and International Journals. His published works have received appreciation from the Secretary, Ministry of External Affairs, Government of India, and the ASEAN Secretariat. His Books are prescribed in the reading list of many foreign Universities, including the University of Adelaide in Australia, and Adana Science and Technology University, Turkey. He has participated in many international conferences and delivered lectures at academic institutes, and leading think-tanks in, Austria, the Czech Republic, Germany, Indonesia, Malaysia, Singapore, Switzerland, Thailand and Vietnam.

CONTENTS

Foreword ............................................................................................... 9

Acknowledgements ............................................................................... 11

1. India’s Tryst With Asian Engagement Bandung to Vladivostok ........... 13

2. India-China Geo-Political and Economic Relations: Cooperation and Competition .............................................................. 23

3. Asean and India-historical Perspectives and Looking ahead ................ 37

4. India and Asean: Potential for Tourism ................................................ 49

5. India and Apec (Asia-pacific Economic Co-operation) Forum ............ 57

6. Trade and Capital Flows in the Asean Countries .................................. 75

7. New Synergies in Indo-Malaysian Ties ................................................ 85

8. India’s Cultural Heritage in South East Asia as Geo-political Strategy ........................................................................ 101

9. Indo-australian Commercial Ties ....................................................... 109

10. India and Singapore-dynamic Economic Partners .............................. 119

11. India and the Iora (Indian Ocean Rim Association) ........................... 155

12. India and the European Union – Cultures of Governance and Conflict Resolution ..................................................................... 161

13. Regional Cooperation in South Asia Prognosis and Prospects ........... 167

14. Pakistan, India and the Saarc Process ................................................ 173

15. World Trade Organization (Wto) and the Urugay Round ................... 181

16. Problems of International Debt-Indian and international ................... 197

17. Foreign Direct investment in Ldcs-trends in India and China ............ 201

18. Cancun Summit of 1981-International Trade and the Ldcs ................ 211

19. India and the UN (United Nations)-75 Years of Beneficial Partnership ........................................................................ 215

20. Reforms and Globalization in India-a Critique .................................. 229

Index .................................................................................................. 241


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