South Asia: Growth And Regional Integration
Source: The World Bank
South Asia has experienced remarkable growth rate since the 1980s. This growth was triggered by reforms aimed at increasing global integration, improving macroeconomic management, and unleashing the private sector as the engine of growth. High growth rate, in turn, has created the interest and allowed political space for greater regional integration. This raises two issues: Is South Asia's high growth sustainable? Is regional integration desirable? This paper looks at several aspects of South Asia's growth and how regional integration can contribute to growth.