[DOWNLOAD] "Challenges of Globalization: Malaysia and India Engagement." by Contemporary Southeast Asia ~ eBook PDF Kindle ePub Free

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eBook details

• Title: Challenges of Globalization: Malaysia and India Engagement.
• Author : Contemporary Southeast Asia
• Release Date : January 01, 2005
• Genre: Politics & Current Events,Books,
• Pages : * pages
• Size : 303 KB

Description

Introduction India is not a major player in the global trading system because its share of total global trade is less than 1 per cent. Nonetheless, India's population base of over 1.07 billion and an expanding middle class of around 300 million to 340 million and as the third largest economy in Asia, ensures that it receives attention from its major trading partners in Europe and North America (United States and Canada). One of the facets of globalization has been trends towards increasing economic linkages between countries and between regions, while the other was strategic security in a post-Cold War world. India's own involvement in the South Asian Association for Regional Cooperation (SAARC) has not resulted in greater trade and security. The level of intra-regional trade among SAARC members was low because their economies lacked comparative advantage. Moreover, the smaller economies feared that Indian capital and lower-priced goods will flood their markets if they were to liberalize their economies. SAARC countries have resorted to non-tariff policy barriers such as anti-dumping measures to limit trade with India (Financial Express, 2005). Contrary to the principles of SAARC, bilateral disputes between India and Pakistan such as over the disputed territory of Kashmir had also stalled trade in SAARC. India has become increasingly concerned that it will be marginalized with the formation of regional trade blocs. Table 1 indicated that India's total trade share with the major trade blocs has decreased.

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