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Asia-Pacific Development Journal

The Asia-Pacific Development Journal (APDJ) is published twice a year by the United Nations Economic and Social Commission for Asia and the Pacific. The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and aims to stimulate policy debate and assist policy formulation. The APDJ provides a scholarly means for bringing together research work by eminent social scientists and development practitioners from the region and beyond for use by a variety of stakeholders. The Journal aims to stimulate policy debate and assist policy formulation in the region.

English

Effects of infrastructure on regional income in the era of globalization: New evidence from South Asia

The South Asian Association for Regional Cooperation (SAARC), a combination of seven nations — Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka — in a diverse subcontinent of Asia, is going through the process of structural adjustment programmes. Without proper trading infrastructure, no country or economic bloc can succeed in the new borderless world where, for all practical purposes, regional cooperation has become an instrument for creating a competitive edge over other regional blocs. This paper tries to find out the role played by infrastructure facilities in economic development across South Asian countries over the past quarter century. The findings are statistically very significant to warrant major changes in future regional policies in order to remove rising regional disparities in both infrastructure and income. This also has a strong bearing on the success of poverty removal policies as the poor are regionally concentrated in such a diverse and heterogeneous region of the world, where market imperfections abound and heterogeneities are insurmountable.

English

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