This study quantifies the impact of traditional and new age' provisions of preferential trading arrangements (PTAs) on merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent and some past PTAs are not as benign as some...

While South Asia's economic reform initiatives of the last two decades were often born in crisis, this alone does not account for their occurrence. This book looks at the processes and institutional arrangements behind these reforms, and analyses what lessons can be learnt about how South Asia...

1. Toward a theory of policy efficiency / Philippa Dee -- 2. South Asia's economic prospects from global rebalancing and integration / Dipak Dasgupta, Nihal Pitigala and Julien Gourdon -- 3. Comparing structural reforms in India and Pakistan / Ishrat Husain and Rajiv Kumar -- 4. The process of...