We study the eÞect of international financial integration on economic development when the quality of governance may be compromised by corruption. Our analysis is based on a dynamic general equilibrium model of a small economy in which growth is driven by capital accumulation and public policy...

South Asia at a glance : a taxonomy of growth challenges / Anjum Siddiqui -- The political economy of South Asia / Edelgard Mahant -- India's economic growth miracle in a global economy : past and future / Baldev Raj -- Twin deficits in South Asian economies : observations and empirical evidence...