South Asia in the New World Order: The Role of Regional Cooperation

225 Pages·2011·1.185 MB·English

by  Shahid Javed Burki

South Asia in the New World Order
Rapidchangeshavetakenplaceinthestructureoftheglobaleconomy,and
thisbooklooksathowSouthAsiacantakeadvantageofthesechanges.The
author argues that the developing global economy will be more complex
thanoriginallythought,thatinsteadofabipolarmodelwithtwocountries,
the United States and China, at the centre, it will be multipolar with eight
centresofeconomicactivity,includingIndia.
The book goes on to suggest that in the context of such a model, there
shouldberegionalcooperationbetweenIndiaanditsimmediateneighbour-
ingcountriesforSouthAsiatoadvanceasaneconomicregion.Itarguesthat
South Asia will need to look at its history, and that changes in attitudes,
particularlyinIndiaandPakistan,arenecessary.Thepossiblebenefitstothe
region,intermsofincreasesintheratesofeconomicgrowthiftheregional
approachisadopted,arediscussed.Thebookpresentsausefulcontribution
tostudiesinSouthAsia,aswellasAsianEconomics.
Shahid Javed Burki is a professional economist. He was previously
FinanceMinisterofPakistanandVicePresidentoftheWorldBank.
RoutledgeContemporarySouthAsiaSeries
1Pakistan 10HumanDevelopmentandSocialPower
Socialandculturaltransformations PerspectivesfromSouthAsia
inaMuslimnation AnanyaMukherjeeReed
MohammadA.Qadeer
11TheSouthAsianDiaspora
2Labor,DemocratizationandDevelopmentin TransnationalNetworksandChanging
IndiaandPakistan Identities
ChristopherCandland EditedbyRajeshRaiandPeterReeves
3China-IndiaRelations
12Pakistan-JapanRelations
ContemporaryDynamics
ContinuityandChangeinEconomic
AmardeepAthwal
RelationsandSecurityInterests
AhmadRashidMalik
4MadrasasinSouthAsia
TeachingTerror?
13HimalayanFrontiersofIndia
JamalMalik
Historical,Geo-PoliticalandStrategic
Perspectives
5Labor,GlobalizationandtheState
K.Warikoo
Workers,WomenandMigrantsConfront
Neoliberalism 14India’sOpen-EconomyPolicy
EditedbyDebdasBanerjeeandMichael
Globalism,Rivalry,Continuity
Goldfield
JalalAlamgir
6IndianLiteratureandPopularCinema
15TheSeparatistConflictin
RecastingClassics
SriLanka
EditedbyHeidiR.M.Pauwels
Terrorism,Ethnicity,PoliticalEconomy
AsokaBandarage
7IslamistMilitancyinBangladesh
AComplexWeb
AliRiaz 16India’sEnergySecurity
EditedbyLigiaNoronhaandAnant
8RegionalisminSouthAsia Sudarshan
NegotiatingCooperation,Institutional
Structures 17GlobalizationandtheMiddle
KishoreC.Dash ClassesinIndia
TheSocialandCulturalImpactof
9Federalism,NationalismandDevelopment NeoliberalReforms
IndiaandthePunjabEconomy RuchiraGanguly-ScraseandTimothy
PritamSingh J.Scrase
18WaterPolicyProcessesinIndia 29MohajirMilitancyinPakistan
DiscoursesofPowerandResistance ViolenceandTransformationinthe
VandanaAsthana KarachiConflict
NicholaKhan
19MinorityGovernmentsinIndia
ThePuzzleofElusiveMajorities 30Nationbuilding,GenderandWarCrimesin
CsabaNikolenyi SouthAsia
BinaD’Costa
20TheMaoistInsurgencyinNepal
RevolutionintheTwenty-first 31TheStateinIndiaafterLiberalization
Century InterdisciplinaryPerspectives
EditedbyMahendraLawotiandAnup EditedbyAkhilGuptaand
K.Pahari K.Sivaramakrishnan
21GlobalCapitalandPeripheral 32NationalIdentitiesinPakistan
Labour The1971WarinContemporaryPakistaniFiction
TheHistoryandPoliticalEconomyof CaraCilano
PlantationWorkersinIndia
33PoliticalIslamandGovernancein
K.RaviRaman
Bangladesh
EditedbyAliRiazandC.ChristineFair
22MaoisminIndia
ReincarnationofUltra-LeftWing
34BengaliCinema
Extremisminthe21stCentury
‘AnOtherNation’
BidyutChakrabartyandRajatKujur
SharmisthaGooptu
23EconomicandHumanDevelopmentin
35NGOsinIndia
ContemporaryIndia
TheChallengesofWomen’sEmpowermentand
CronyismandFragility
Accountability
DebdasBanerjee
PatrickKilby
24CultureandtheEnvironmentinthe
36TheLabourMovementintheGlobalSouth
Himalaya
TradeUnionsinSriLanka
ArjunGuneratne
S.JanakaBiyanwila
25TheRiseofEthnicPoliticsinNepal
37BuildingBangalore
DemocracyintheMargins ArchitectureandUrbanTransformationinIndia’s
SusanI.Hangen SiliconValley
JohnC.Stallmeyer
26TheMultiplexinIndia
ACulturalEconomyofUrbanLeisure 38ConflictandPeacebuildinginSriLanka
AdrianAthiqueandDouglasHill CaughtinthePeaceTrap?
EditedbyJonathanGoodhand,JonathanSpencer
27TsunamiRecoveryinSriLanka andBenedictKorf
EthnicandRegionalDimensions
DennisB.McGilvrayandMichele 39MicrocreditandWomen’sEmpowerment
R.Gamburd ACaseStudyofBangladesh
AmunuiFaraizi,JimMcAllister
28Development,Democracyand andTaskinurRahman
theState
CritiquingtheKeralaModelof 40SouthAsiaintheNewWorldOrder
Development TheRoleofRegionalCooperation
K.RaviRaman ShahidJavedBurki

South Asia in the
New World Order
The role of regional cooperation
Shahid Javed Burki
Firstpublished2011
byRoutledge
2ParkSquare,MiltonPark,Abingdon,Oxon,OX144RN
SimultaneouslypublishedintheUSAandCanada
byRoutledge
270MadisonAvenue,NewYork,NY10016
RoutledgeisanimprintoftheTaylor&FrancisGroup,aninformabusiness
This edition published in the Taylor & Francis e-Library, 2011.
To purchase your own copy of this or any of Taylor & Francis or Routledge’s
collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.
© 2011 Shahid Javed Burki
TherightofShahidJavedBurkitobeidentifiedasauthorofthis
workhasbeenassertedbyhiminaccordancewithsections77and78
oftheCopyright,DesignsandPatentsAct1988.
Allrightsreserved.Nopartofthisbookmaybereprintedor
reproducedorutilisedinanyformorbyanyelectronic,mechanical,
orothermeans,nowknownorhereafterinvented,including
photocopyingandrecording,orinanyinformationstorageor
retrievalsystem,withoutpermissioninwritingfromthepublishers.
Trademarknotice:Productorcorporatenamesmaybetrademarksor
registeredtrademarks,andareusedonlyforidentificationand
explanationwithoutintenttoinfringe.
BritishLibraryCataloguinginPublicationData
AcataloguerecordforthisbookisavailablefromtheBritishLibrary
LibraryofCongressCataloginginPublicationData
Burki,ShahidJaved.
SouthAsiainthenewworldorder:theroleofregionalcooperation/ShahidJavedBurki.
p.cm.--(RoutledgecontemporarySouthAsiaseries;40)
Includesbibliographicalreferencesandindex.
1.SouthAsia--Economicintegration.2.Economicdevelopment--SouthAsia.
3.SouthAsia--Economicpolicy.4.SouthAsiancooperation.I.Title.
HC430.6.B872011
337.1’54--dc22
2010036173
ISBN 0-203-83006-7 Master e-book ISBN
ISBN: 978-0-415-58726-6 (hbk)
ISBN: 978-0-203-83006-2 (ebk)
The book is dedicated to my grand children,
Shaafi, Leila and Nafees
“Only the youngcanlive in the future,
and only the old can live in the past”
Will Durant, The Story of Philosophy

Contents
Listoftables xii
Acknowledgements xiii
1 Prologue 1
2 Challengesandopportunities 8
Introduction 8
SouthAsia:Theformativephase 12
Theriseof“therest” 14
Demographyisdestiny 18
GlobalizationandSouthAsia’sresponse 20
TheneedforIndia’sleadership 26
PossiblecatalystsforbringingpeacetoSouthAsia 29
SouthAsiamaybegettingready:Arealignment
ofthestars 33
3 Reshapingtheglobaleconomy:Thedawnof
theAsiancentury? 38
Introduction 38
Previous“catch-up”periods 39
Changesinthestructureoftheglobaleconomy,
1945–2007 41
Iscapitalismpassé? 45
Thestate’sroleintheAsianeconomies 50
ThestateinChinaandIndia–thetworisingstarsofthe
globaleconomy 53
CasesofstatefailureinAsia 55
TheAsianstateandeconomicmanagement 58
Conclusion 60