The Look East policy has emerged as an important foreign policy initiative of India in the post-Cold War period. It was launched in 1991 by the Narasimha Rao government with the aim of developing political contacts, increasing economic integration and forging security cooperation with countries...

The URPE tour to Tijuana unveiled the social underpinnings of regional integration. Alongside the dance halls, cheap eateries, and “schlock†stores are the sexoservidoras and itinerant merchants hawking their wares. The city is privatizing public services while many of its industrial...

ASEAN and China share a complex relationship in economic terms; while they collaborate in several spheres, conflict of interests is not uncommon either. The proposal for an ASEAN–China Free Trade Agreement (ACFTA) was floated in 2000, and the agreements covering merchandise trade,...

Since the initiation of economic reforms in 1991, ‘Look East Policy’ has been a major component of India’s trade diplomacy. During the first decade after inception of WTO, India relied heavily on the multilateral trade reforms for securing export growth, but slow progress of...

By exploring the role of Special Economic Zones (SEZs) in China’s integration with the world economy, we also investigate the underlying challenges faced by the economy. This analysis suggests that SEZs enabled the Chinese economy to trigger its growth standards and to achieve its...

This article lays out the overarching context of economic cooperation in Asia and discusses the two big questions: the strategic consequences of economic integration in Asia and the economic consequences of the lack of a security consensus in Asia. The rise of China is central to both....

This article studies the consequences of debt policies on the spatial distribution of output in a two-country model. It departs from the usual setup of local public finance by relaxing the assumption of balanced budget. Further, to single out the pure effect of debt, the article eliminates...

A key feature of the world economy in recent decades has been growing economic integration among groups of countries. This pattern is also evident in Africa, and, since 1994, in the integration between South Africa and the rest of the continent across many economic dimensions. A question that...

Tommaso Padoa-Schioppa was a distinguished central banker and economist, a key player in the creation of Europe's single currency, a well-respected figure in international monetary policy-making and a former economy and finance minister of Italy.

The recent financial crisis has clearly shown that the relationship between bank internationalization and risk is complex. Multinational banks can benefit from portfolio diversification, reducing their overall riskiness, but this effect can be offset by incentives going in the opposite...