Trade, Investment and Economic Development in Asia Empirical and policy issues Routledge Studies in Development Economics Series

In an era of globalization, trade in goods and cross-border services and capital flows play a key role in determining the economic growth path of countries. Over the last two decades, countries have embarked on several alternate tracks to liberalize and deepen their linkage with the world economy. The growing trade-investment nexus and the emerging developments lead to deeper international production networks, rise in cross-border trade in services and in regional trade agreements and so on.

The debate of whether it is possible to empirically validate the potential benefits of this deepening trade-investment linkage is ongoing. The evidence in literature is, however, ambiguous. This book contributes to the literature by looking at Asian economies and at the EU, Maghreb countries and Pacific Island economics. It examines the issues under four broad areas, namely: (1) trade: theoretical and policy issues, (2) factor flows: impact on trade and welfare, (3) impact of trade and factor flows on environment and (4) institutions, international trade and policy issues.

1. Editors’ Introduction: An Asian perspective of global trade and investment dynamics (Debashis Chakraborty and Jaydeep Mukherjee)

Section I: Trade: Empirical and Policy Issues

2. India’s Vertical and Horizontal Intra-Industry Trade during Post-Liberalization Period (Hemangi K. Kelkar and L. G. Burange)

3. Emerging Production Network between India and ASEAN: An Analysis of Value Added Trade in Select Industries (Biswajit Nag)

4. Global Crises and Iran-India Trade Relations: A Gravity Analysis (Seyed Komail Tayebi and Zahra Zamani)

5. Determinants of Exports of Indian Manufacturing: A Firm Level Analysis (Anirban Biswas)

6. Services trade policy and trade performance: The case of India (Hildegunnn Kyvik Nordås and Dorothée Rouzet)

7. Accountancy Services Sector in Asia: Case Study of India (Pralok Gupta and Rupa Chanda)

8. The Effect of Euro on Bilateral Trade and Exports of EMU Economies (Mohd Hussain Kunroo)

Section II: Foreign Capital Flows: Impact on Trade and Welfare

9. Does foreign direct investment form human capital? A study with World Input-Output Data in India (Gunja Baranwal)

10. Special Economic Zones and Agriculture: An Alternative Theorisation. (Soumyatanu Mukherjee and Sameen Zafar)

11. Effect of foreign capital inflows on the Indian manufacturing sector: A firm-level study (Vaishnavi Sharma)

12. The Impact of Financial Integration and External Shocks on Economic Growth: Analysis for Maghreb Countries (Soumia Zenasni and Abderrezzak Benhabib)

13. Trends, Determinants and challenges of Foreign Direct Investment in Emerging Markets (Pravin Jadhav, Vijaya Katti and Rahul Nath Choudhury)

Section III: Trade-Fiscal Policy Interface and Environmental Implications

14. Environmental Policy Instruments for International Trade: A Review (Sacchidananda Mukherjee and Debashis Chakraborty)

15. Impact of carbon based border tax adjustment on trade: A case study of India’s export to select EU countries (Souvik Bhattacharjya, Nitya Nanda and Saswata Chaudhury)

16. How CO2 Emissions are influenced by Scale, Composition and Technique Effects? Panel Data Analysis Results (Debashis Chakraborty and Sacchidananda Mukherjee)

Section IV: Institutions, International Trade and Policy Issues

17. WTO and Food Security in Developing Countries: Unfair Provisions (Sachin Kumar Sharma)

18. Handling Non-Tariff Measures in RTAs: Case of ASEAN and SAARC (Rajan Sudesh Ratna)

19. Pacific Integration with Asia (Dibyendu Maiti and Sunil Kumar)

20. Editors’ Conclusion: Trade and Investment Issues in Asia – Lessons for the Future (Debashis Chakraborty and Jaydeep Mukherjee)

Debashis Chakraborty is Assistant Professor at the Indian Institute of Foreign Trade, New Delhi. His research interests include international trade policy and WTO negotiations, environmental sustainability and Indian economic development. He has co-edited the books Environmental Challenges and Governance: diverse perspectives from Asia and Environmental Scenario in India: successes and predicaments, both published by Routledge.

Jaydeep Mukherjee is Assistant Professor at the Indian Institute of Foreign Trade, New Delhi. His research interests include financial-sector and real-sector economy interlinkage, open-economy macroeconomy, macro-economic policy and applied econometrics. He has been involved in more than fifteen research projects commissioned by ministries of Indian government, multilateral bodies and corporate entities.