Political Economy of the Preferential Trade Liberalizations and Regionalism in South Asia: Opportunities and Challenges

Ershad Ali, Dayal Talukder


Like other parts of the globe, south Asia has also been liberalizing the trade terms and conditions among its neibouring countries since last decades. However, the achievement is still limited although the agreements have been signed with was a high hope. This paper examines the opportunities and challenges of the preferential trade liberalization and regionalism in South Asia under political economy perspective. The study has reviewed secondary data and found that political environment is one of the main reasons of not achieving the desired goal of the agreements. Lack of trusts and absence of friendly environment among the member countries of the region has been working as a barrier for not achieving benefit of the agreement. The paper might be useful for policy makers, researchers and academics. Keywords: Regionalism; Preferential Trade Agreement; South Asia; Political Economy; Economic Development Résumé: Comme d'autres parties du monde, l'Asie du Sud est également en train de libéraliser des termes et des conditions de commerce dans ses pays voisins depuis ces dernières décennies. Toutefois, la réalisation est encore limitée même si les accords ont été signés avec un grand espoir. Ce document examine les opportunités et les défis de la libéralisation de commerce préférentielle et le régionalisme en Asie du Sud en vertu de perspective d'économie politique. L'étude a examiné les données secondaires et a constaté que l'environnement politique était l'une des raisons principales de non atteinte du but recherché de ces accords. Le manque de confiance et l'absence d'un environnement amicale entre les pays membres de la région ont été considérées comme une barrière qui les empêchent d'atteindre des avantages de l'accord. Le document pourrait être utile pour les décideurs politiques, les chercheurs et les universitaires.Mots-clés: regionalism; accord commercial preferential; Asie du Sud; économie politique; développement économique

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DOI: http://dx.doi.org/10.3968/j.css.1923669720100603.002


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