Regional economic engagement within South Asia may gain increasing importance owing to several factors that are currently in play, including strategies to diversify global value chains and locate such value chains nearer home. These developments offer South Asia a chance to enhance its low...

Argues that the global organization of production accounts for much of the expansion in trade and foreign direct investment (FDI) and that the functional integration of production activites in different locations has led to an intensification of global economic integration.

Preface Over the last decade and a half the global economic order has been undergoing major changes. While this may be thought to reflect the results of a multilateral and participatory process involving debate and negotiations, in reality it has been mostly driven by the economic interests of...