Opportunities and Challenges for Regional Economic Integration in the Indian Ocean. Issue 1 (April 2019)
- Record Type:
- Journal Article
- Title:
- Opportunities and Challenges for Regional Economic Integration in the Indian Ocean. Issue 1 (April 2019)
- Main Title:
- Opportunities and Challenges for Regional Economic Integration in the Indian Ocean
- Authors:
- Wignaraja, Ganeshan
Collins, Adam
Kannangara, Pabasara - Abstract:
- Abstract: This article examines increasing regional economic integration in the Indian Ocean, along with the region's rising importance in the global economy and outlines the challenges to greater regional integration. It finds that the strategically located Indian Ocean economy has become an increasingly important part of the global economy in the past two decades and has become more integrated within itself. Forecasts suggest that the Indian Ocean economy will likely account for around a fifth of global GDP by 2025 and its GDP per capita is expected to almost double. However, realising this outlook will depend on tackling several pressing challenges to regional integration, including improving port quality and logistics, lowering barriers to trade and investment, narrowing development gaps, and strengthening the regional economic governance. Tackling these challenges requires a combination of coherent national and regional policy measures. JEL Codes: F150, F410, F550
- Is Part Of:
- Journal of Asian economic integration. Volume 1:Issue 1(2019)
- Journal:
- Journal of Asian economic integration
- Issue:
- Volume 1:Issue 1(2019)
- Issue Display:
- Volume 1, Issue 1 (2019)
- Year:
- 2019
- Volume:
- 1
- Issue:
- 1
- Issue Sort Value:
- 2019-0001-0001-0000
- Page Start:
- 129
- Page End:
- 151
- Publication Date:
- 2019-04
- Subjects:
- Indian Ocean -- international economics -- trade -- regional economic integration -- foreign investment
International economic integration -- Periodicals
Asia -- Economic integration -- Periodicals
Asia -- Economic policy -- Periodicals
337.15 - Journal URLs:
- https://journals.sagepub.com/home/eci ↗
http://www.uk.sagepub.com/home.nav ↗ - DOI:
- 10.1177/2631684619829958 ↗
- Languages:
- English
- ISSNs:
- 2631-6846
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 10815.xml