Prospects for Economic Integration of BIMSTEC: Trade and Investment Scenario

Rahman, Mohammad Masudur; KIm, ChanWahn

doi:10.14257/ijunesst.2016.9.4.24

Cited by 4 publications

(3 citation statements)

References 4 publications

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“…On the other hand, Neighboring India tops the list in terms of imports, which is why it has the most significant trade deficit with India (Table 4 & 5). Several researchers, including Newfarmer & Pierola (2007), Kim (2016), andNeena (2014), discovered less or more significant similar results, which corroborated the findings of the present study.…”

Section: As Seen Insupporting

confidence: 91%

Bangladesh and SAARC Countries: Bilateral Trade and Flaring of Economic Cooperation

et al. 2022

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The primary purpose of this study is to observe the economic andinternational trade relationships between Bangladesh and SAARCcountries during the Fiscal Years 2015-2016 to 2020-2021. Thisresearch uses panel data to examine the relationship betweenthe nature and direction of exports and economic growth.The researcher found that economic cooperation with SAARCcountries impacted economic growth, but there was insufficientexport adaptation. The study also showed that economic relationshave strengthened in recent epochs, and bilateral trade hasincreased compared to previous years with SAARC countries.The obtained results also showed that Bangladesh has sufferedfrom a long-standing trade imbalance with India and is in agood position with Afghanistan, Sri Lanka, Bhutan, Maldives,Nepal, and Pakistan. Our findings are beneficial for internationaltrade stakeholders and suggest that steps should be taken toincrease exports to reduce the trade deficit. Concern authoritiesshould be more aware of the expansion of trade facilitation andinfrastructure development.JEL Classification: F5, F18, F23, F50, M16

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Section: As Seen Insupporting

confidence: 91%

Bangladesh and SAARC Countries: Bilateral Trade and Flaring of Economic Cooperation

et al. 2022

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“…India’s Minister of External Affairs, Subrahmanyam Jaishankar, stated that BIMSTEC fits perfectly with India’s vision, as expressed in its ‘Neighborhood First’ and Act East policy. This statement reflects the importance attached to BIMSTEC by India (Rahman and Kim 2016 ). It also illustrates the common assumption that India is being driven by interests that are likely to establish India’s vision of increasing its geopolitical dominance and economic strength in the South Asian and Southeast Asian regions.…”

Section: Are India’s Ideas and Interests Compatible With Bimstec’s Su...mentioning

confidence: 76%

How Interests and Ideas of a Dominant Actor Make a Big Difference: Analyzing India’s Role in SAARC and BIMSTEC

Shishir

Sakib

2022

Chin. Polit. Sci. Rev.

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States always function as rational actors as protecting the national interests of a state depends on the choices it makes in the international context. Hence, choices and preferences are central to the study of both public policy and international relations. Policies are driven and influenced by the attention and behaviors of the actors which ultimately create a path to failure or success. In the Bay of Bengal Initiatives for Multisectoral Technical and Economic Cooperation (BIMSTEC), India, in the absence of Pakistan, can enjoy a friendly environment and establish its goal of geopolitical and economic dominance in South Asia and Southeast Asia, while countering China’s continuous upsurge. On the other hand, in the South Asian Association for Regional Cooperation (SAARC), constant intervention from Pakistan means that India shifts its attention to use its full potential elsewhere. This article is based on secondary sources and illustrates how the interests of a major actor (India) can shape the paths of two similar regional organizations (SAARC and BIMSTEC), despite these organizations sharing characteristics such as the same member states, the same socio-economic situation, and the same vision.

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“…With an ambition to pursue mutual trade, connectivity, cultural, technical and economic development within South East Asia and South Asia region, in 1997, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was founded. Rahman and Kim (2016) reported that BIMSTEC countries have developed strategies and policies on several mutually agreed issues such as economic cooperation, social development and cultural exchange and aims towards harnessing the supremacy of emerging markets across the area. However, in this developing region, the magnitude of SE is larger along with the non-conducive political stability.…”

Section: Introductionmentioning

confidence: 99%

Impacts of Political Stability on Shadow Economy: Evidence from Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation Countries

Siddik

Kabiraj

Hosen

et al. 2021

Vision

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The issue of political stability and the shadow economy is the most vital concern for sustainable development. However, the relationship between them is yet to be explored. Particularly, in the context of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation Countries (BIMSTEC) countries, there are no studies that have examined the influence of political stability on shadow economy. This study fills these gaps. Using panel data from 1998 to 2015, this study empirically investigated whether and how political stability affects shadow economy. Findings indicate that political stability has significant negative effects on the size of shadow economy. We also observed that regulation freedom, fiscal freedom, business freedom, trade freedom, government integrity, government spending and gross domestic product (GDP) growth have significant negative effects, while unemployment has significant positive effects on the shadow economy. Findings of this study imply that governments and policymakers should make efforts to ensure greater political stability in their countries, which will lessen the size of shadow economy that, in turn, will accelerate economic growth. The present study adds to empirical literature of the analogous issue by confirming (or else) the findings of past studies carried out across the world. The findings indicate that there exists a positive association between the extent of political stability and the shadow economy for BIMSTEC countries.

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Prospects for Economic Integration of BIMSTEC: Trade and Investment Scenario

Abstract: The purpose of this study is to explore the trade and investment potential under the ambit of regional cooperation comprising the seven contiguous countries of Bangladesh, India, Sri Lanka, Nepal, Bhutan, Thailand and Myanmar (BIMSTEC)

Cited by 4 publications

References 4 publications

Bangladesh and SAARC Countries: Bilateral Trade and Flaring of Economic Cooperation

Bangladesh and SAARC Countries: Bilateral Trade and Flaring of Economic Cooperation

How Interests and Ideas of a Dominant Actor Make a Big Difference: Analyzing India’s Role in SAARC and BIMSTEC

Impacts of Political Stability on Shadow Economy: Evidence from Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation Countries

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