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Trade Liberalisation and Poverty in South Asia PDF

220 Pages·2012·1.999 MB·English
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Trade Liberalisation and Poverty in South Asia The link between trade liberalisation and poverty has arguably been one ofthemostdiscussedtopics indevelopmentpolicydebate.Existingstudieson the subject have primarily used multi-country cross-sectional data, and there isagrowingconcernaboutthelimitationsofthisapproachinprovidingasound empiricalbasisforinformingthepolicydebate.Theselimitationspointtotheneed for undertaking in-depth analyseswithin individual countries over time. Inordertoexaminetheconnectionbetweentradeliberalisationandpoverty, this book provides case studies of trade policy reforms and poverty reduction outcomes of seven countries in South Asia – Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The South Asia region allows for an excellent comparative study given the widespread emphasis on liberal- isationreformsintheregionoverthepasttwodecades,aswellashighlighting significant inter-country differences in terms of the timing and comprehen- siveness of reforms, and the heavy concentration of world poverty in the region. This book is a useful contribution to studies on South Asia, aswell as International Trade and Development Economics. Jayatilleke S. Bandara is an Associate Professor at the Department of Accounting, Finance and Economics, Griffith University, Australia. He has publishedextensivelyintheareasoftrade,developmentandeconomicmodelling, particularlyfocusingonSouthAsiancountries. Prema-chandra Athukorala is Professor of Economics, Crawford School of Economics and Government, College of Asia and the Pacific, Australian National University and Fellow of the Academy of the Social Sciences in Australia. He has published numerous books and articles on international trade and economic development. SamanKelegamaistheExecutiveDirectoroftheInstituteofPolicyStudiesof Sri Lanka and a Fellow of the National Academy of Sciences in Sri Lanka. He has written a number of books on Sri Lankan economy and South Asian economic issues. Routledge Studies in the Growth Economies of Asia 1 TheChangingCapital Marketsof 9 ThePolitics of Economic EastAsia Development inIndonesia EditedbyKyCao Contendingperspectives EditedbyIanChalmers and 2 FinancialReform inChina VediR.Hadiz EditedbyOnKitTam 10 Studies in the Economic History of 3 WomenandIndustrializationinAsia thePacific Rim EditedbySusanHorton EditedbySallyM.Miller, A.J.H.LathamandDennisO.Flynn 4 Japan’sTrade Policy Actionorreaction? 11 WorkersandtheStateinNewOrder YumikoMikanagi Indonesia VediR.Hadiz 5 TheJapaneseElection System Threeanalyticalperspectives 12 TheJapaneseForeignExchange JunichiroWada Market BeateReszat 6 TheEconomics oftheLatecomers Catching-up,technologytransfer 13 ExchangeRatePoliciesinEmerging andinstitutionsinGermany,Japan Asian Countries andSouthKorea EditedbyStefanCollignon, Jang-SupShin JeanPisani-Ferry and YungChulPark 7 Industrializationin Malaysia Importsubstitution andinfant 14 ChineseFirms andTechnology in industryperformance theReformEra RokiahAlavi YizhengShi 8 EconomicDevelopmentinTwentieth 15 JapaneseViews onEconomic Century East Asia Development Theinternational context Diversepathstothemarket EditedbyAikoIkeo KenichiOhno andIzumi Ohno 16 TechnologicalCapabilitiesand 27 AsiaPacificDynamism1550–2000 ExportSuccess in Asia EditedbyA.J.H.Lathamand EditedbyDieterErnst, HeitaKawakatsu TomGaniatsosandLynnMytelka 28 ThePolitical Economyof 17 TradeandInvestment in China Development andEnvironment TheEuropean experience inKorea EditedbyRogerStrange,JimSlater Jae-YongChungand andLiminWang RichardJ.Kirkby 18 TechnologyandInnovationinJapan 29 JapaneseEconomicsand Policy and management for the Economistssince 1945 21stcentury EditedbyAikoIkeo EditedbyMartinHemmertand ChristianOberländer 30 China’sEntryintotheWorldTrade Organisation 19 TradePolicy Issuesin Asian EditedbyPeterDrysdaleand Development LigangSong Prema-chandraAthukorala 31 HongKongasanInternational 20 Economic Integration in the Asia FinancialCentre Pacific Region Emergenceanddevelopment1945–65 IppeiYamazawa CatherineR.Schenk 21 Japan’sWar Economy 32 Impedimentsto Trade inServices EditedbyErichPauer Measurementandpolicyimplication EditedbyChristopherFindlayand 22 Industrial Technology Development TonyWarren inMalaysia Industryandfirmstudies 33 TheJapaneseIndustrial Economy Edited by Jomo K.S., Greg Felker Latedevelopmentandcultural andRajahRasiah causation IanInkster 23 Technology,Competitivenessand theState 34 ChinaandtheLongMarch to Malaysia’sindustrialtechnology GlobalTrade policies TheaccessionofChinatothe EditedbyJomoK.S.and WorldTrade Organization GregFelker EditedbyAlanS.Alexandroff, SylviaOstryandRafaelGomez 24 CorporatismandKoreanCapitalism EditedbyDennisL. McNamara 35 Capitalist Development and Economismin EastAsia 25 JapaneseScience TheriseofHongKong,Singapore, SamuelColeman Taiwan,andSouthKorea Kui-WaiLi 26 CapitalandLabourin Japan Thefunctionsoftwofactormarkets 36 WomenandWorkinGlobalizingAsia ToshiakiTachibanakiand EditedbyDong-SookS.Gills AtsuhiroTaki andNicolaPiper 37 Financial Markets and Policies in 46 CapitalandKnowledgeinAsia EastAsia Changingpowerrelations GordondeBrouwer EditedbyHeidiDahlesand OttovandenMuijzenberg 38 Developmentalism and Dependency inSoutheast Asia 47 SoutheastAsian PaperTigers? Thecaseoftheautomotive Frommiracle todebacleand industry beyond JasonP. Abbott EditedbyJomoK.S. 39 LawandLabourMarketRegulation 48 Manufacturing Competitiveness in in East Asia Asia EditedbySeanCooney, Howinternationallycompetitive TimLindsey,RichardMitchell and nationalfirmsandindustries YingZhu developedinEastAsia EditedbyJomoK.S. 40 TheEconomyof thePhilippines Elites,inequalities andeconomic 49 TheKoreanEconomyat the restructuring Crossroads PeterKrinks EditedbyMoonJoongTchaand Chung-SokSuh 41 China’sThirdEconomic Transformation 50 EthnicBusiness Theriseoftheprivateeconomy Chinesecapitalism inSoutheast EditedbyRossGarnautand Asia LigangSong EditedbyJomoK.S.and BrianC.Folk 42 TheVietnamese Economy Awakening thedormantdragon EditedbyBinhTran-Namand 51 ExchangeRateRegimesinEastAsia Edited by Gordon de Brouwer and ChiDoPham MasahiroKawai 43 RestructuringKoreaInc. Jang-SupShinand 52 FinancialGovernance inEast Asia Ha-JoonChang Policydialogue,surveillance and cooperation EditedbyGordondeBrouwerand 44 DevelopmentandStructuralChange YunjongWang in the Asia-Pacific Globalising miracles or end of a model? 53 DesigningFinancial Systemsin EditedbyMartinAnderssonand EastAsia andJapan ChristerGunnarsson EditedbyJosephP.H.Fan, MasaharuHanazakiand JuroTeranishi 45 StateCollaboration and Development Strategiesin China ThecaseoftheChina–Singapore 54 State Competence and Economic SuzhouIndustrialPark(1992–2002) Growthin Japan AlexiusPereira YoshiroMiwa 55 UnderstandingJapaneseSaving 66 ChinaandIndia Doespopulation agingmatter? Ataleoftwoeconomies RobertDekle DilipK.Das 67 InnovationandBusinessPartneringin 56 TheRiseandFalloftheEastAsian GrowthSystem, 1951–2000 Japan,EuropeandtheUnitedStates EditedbyRuthTaplin International competitivenessand rapideconomic growth 68 AsianInformalWorkers XiaomingHuang Globalriskslocalprotection SantoshMehrotraandMarioBiggeri 57 Service Industries and Asia-Pacific Cities 69 TheRiseoftheCorporateEconomy Newdevelopment trajectories inSoutheast Asia EditedbyP.W.Daniels,K.C.Hoand RajeswaryAmpalavanarBrown T.A.Hutton 70 TheSingaporeEconomy 58 Unemploymentin Asia Aneconometric perspective EditedbyJohnBensonandYingZhu TilakAbeyshingeand KeenMengChoy 59 Risk Management and Innovation inJapan, BritainandtheUSA 71 ABasketCurrency forAsia EditedbyRuthTaplin EditedbyTakatoshiIto 60 Japan’sDevelopment Aidto China 72 PrivateEnterprises andChina’s The long-running foreign policyof EconomicDevelopment engagement EditedbyShuanglinLinand TsukasaTakamine XiaodongZhu 61 ChineseCapitalism andthe 73 TheKoreanDevelopmental State Modernist Vision Fromdirigisme toneo-liberalism SatyanandaJ.Gabriel IainPirie 74 Accelerating Japan’sEconomic 62 JapaneseTelecommunications Growth EditedbyRuthTaplinand ResolvingJapan’sgrowth MasakoWakui controversy EditedbyF.GerardAdams, 63 East Asia, Globalization and the LawrenceR.Klein,YuzoKumasaka NewEconomy andAkihikoShinozaki F.GerardAdams 75 China’sEmergentPoliticalEconomy 64 Chinaasa WorldFactory Capitalism inthe dragon’slair EditedbyKevinHonglinZhang EditedbyChristopherA.McNally 65 China’sState Owned Enterprise 76 ThePoliticalEconomyoftheSARS Reforms Epidemic A nindustrial andCEOapproach Theimpactonhumanresourcesin JuanAntonioFernandezandLeila EastAsia Fernandez-Stembridge GraceO.M.LeeandMalcolmWarner 77 India’sEmergingFinancial Market 88 LaggardsandLeaders inLabour Aflowoffunds model MarketReform TomoeMoore ComparingJapanandAustralia EditedbyJennyCorbett,AnneDaly, 78 OutsourcingandHuman Resource HisakazuMatsushigeand Management DehneTaylor Aninternationalsurvey EditedbyRuthTaplin 89 InstitutionsforEconomicReformin Asia 79 Globalization, LaborMarkets EditedbyPhilippaDee andInequality inIndia DipakMazumdarand 90 SoutheastAsia’sCreditRevolution SandipSarkar Frommoneylenders to microfinance 80 Globalization andtheIndian AdityaGoenkaandDavid Henley Economy Roadmaptoaconvertiblerupee 91 EconomicReformandEmployment SatyendraS.Nayak RelationsinVietnam NganThuyCollins 81 EconomicCooperation between SingaporeandIndia 92 TheFutureof Asian Tradeand Analliance inthemaking Growth FaizalYahya Economicdevelopmentwith the emergenceofChina 82 TheUnitedStatesandtheMalaysian LindaYueh Economy ShakilaYacob 93 BusinessPractices inSoutheast Asia 83 BankingReform in SoutheastAsia Aninterdisciplinaryanalysisof Theregion’sdecisivedecade TheravadaBuddhistcountries MalcolmCook ScottA.Hipsher 84 TradeUnions in Asia 94 ResponsibleDevelopment Aneconomic andsociological Vulnerabledemocracies,hungerand analysis inequality EditedbyJohnBensonandYingZhu OmarNoman 85 Trade Liberalisation and Regional Disparity inPakistan 95 The Everyday Impact of Economic MuhammadShoaibButtand Reformin China JayatillekeS.Bandara Management change,enterprise performanceanddailylife 86 FinancialDevelopment and YingZhu,MichaelWebberand EconomicGrowthin Malaysia JohnBenson JamesAng 96 TheRise ofAsia 87 In tellectual Property and the New Tradeandinvestmentinglobal JapaneseGlobalEconomy perspective RuthTaplin Prema-chandraAthukorala 97 IntellectualProperty,Innovationand 102 TheDynamics of AsianLabour ManagementinEmergingEconomies Markets EditedbyRuthTaplinand Balancingcontrolandflexibility AlojzyZ.Nowak EditedbyJohnBensonand YingZhu 98 Special Economic Zones in Asian MarketEconomies 103 Pakistan – The Political Economy EditedbyConnieCarterand ofGrowth,StagnationandtheState, AndrewHarding 1951 to 2009 MatthewMcCartney 99 TheMigrationof IndianHuman Capital 104 KoreanWomenManagersand TheebbandflowofIndian CorporateCulture professionalsinSoutheast Asia Challengingtradition, choosing FaizalbinYahyaand empowerment,creatingchange ArunajeetKaur JeanR.Renshaw 100 EconomicDevelopment and 105 TradeLiberalisationandPovertyin InequalityinChina SouthAsia ThecaseofGuangdong Editedby HongYu JayatillekeS.Bandara, Prema-chandraAthukorala, 101 TheJapanesePharmaceutical andSamanKelegama Industry Itsevolutionandcurrentchallenges MakiUmemura Trade Liberalisation and Poverty in South Asia Edited by Jayatilleke S. Bandara, Prema-chandra Athukorala and Saman Kelegama Firstpublished2011 byRoutledge 2ParkSquare,MiltonPark,Abingdon,OxonOX144RN SimultaneouslypublishedintheUSAandCanada byRoutledge 711ThirdAvenue,NewYork,NY10017 RoutledgeisanimprintoftheTaylor&FrancisGroup,aninformabusiness ©2011JayatillekeS.Bandara,Prema-chandraAthukoralaandSaman Kelegama Therightoftheeditortobeidentifiedastheauthoroftheeditorial material,andoftheauthorsfortheirindividualchapters,hasbeenasserted inaccordancewithsections77and78oftheCopyright,Designsand PatentsAct1988. Allrightsreserved.Nopartofthisbookmaybereprintedorreproducedor utilisedinanyformorbyanyelectronic,mechanical,orothermeans,now knownorhereafterinvented,includingphotocopyingandrecording,orin anyinformationstorageorretrievalsystem,withoutpermissioninwriting fromthepublishers. Trademarknotice:Productorcorporatenamesmaybetrademarksor registeredtrademarks,andareusedonlyforidentificationandexplanation withoutintenttoinfringe. BritishLibraryCataloguinginPublicationData AcataloguerecordforthisbookisavailablefromtheBritishLibrary LibraryofCongressCataloginginPublicationData TradeliberalisationandpovertyinSouthAsia/editedbyPrema-chandra Athukorala,JayatillekeS.BandaraandSamanKelegam. p.cm.–(RoutledgestudiesinthegrowtheconomiesofAsia;105) Includesbibliographicalreferencesandindex. 1.SouthAsia–Commercialpolicy.2.SouthAsia–Economicpolicy.3. Freetrade–SouthAsia.4.Poverty–SouthAsia.5.Economicdevelopment– SouthAsia.I.Athukorala,Prema-chandra.II.Bandara,JayatillekeS.III. Kelegama,Saman. HF1586.5.T732011 382'.30954–dc22 2010052900 ISBN:978-0-415-56175-4(hbk) ISBN:978-0-203-81313-3(ebk) TypesetinTimesNewRoman byTaylor&FrancisBooks

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