Regional economic integration is both a deregulatory project, involving the removal of barriers to the movement of goods and services, as well as a re-regulatory project, involving the adoption of common economic, social, and environmental standards to enable the market to function. The removal...

This paper examines capital controls in two ways. First, it assesses whether capital controls have an economic justification within the context of an economyâ  s and, in particular, its financial sectorâ  s stage of development. It concludes that capital controls can be justified...

This paper discusses trade facilitation in the context of enhancing trading links between South and Southeast Asia, in a manner understandable to the non-specialist. Presently, these two Asian regions tend to trade preferentially with distant markets. One of the reasons cited for the limited...

Improving physical connectivity between South and Southeast Asia has long been recognized as a key element in promoting greater trade and investment linkages within the region. As an island economy, Sri Lanka's regional connectivity has been mainly through its main sea port in Colombo, a...

The foreign trade statistics of developing countries are relatively abundant and generally considered more reliable than data on their national accounts. This study reports the results of an accuracy test applied to export and import data from five developing countries (Indonesia, Malaysia, the...

Cooperation measures conducive to increased integration between developing countries are considered to be necessary from the point of view of development theory as well as beneficial. Such measures are also in general welcomed, and on occasion even supported, by the governments of the...