Abstract
Since 1991, India’s economy has undergone a remarkable transformation. Moving away from years of inward-looking economic policies, it has become a significant force in the global political economy. This chapter focuses on the evolution of India’s new economic policies, particularly in trade, within the context of the larger transformation of Asia’s economic and security architecture after the Cold War.
We would like to thank Adnan Farooqui, David Guarino, Nikhil Kumar, Siddhartha Mukerji, and Michael Ricci for their research assistance. Jonathan Chow has been extremely helpful in providing us with comments and suggestions on this chapter. Rahul Mukherji would like to acknowledge the infrastructure and support provided by the Institute of South Asian Studies, Singapore.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
Aggarwal VK (1985) Liberal protectionism: the international politics of organized textile trade. University of California Press, Berkeley and London
____ (1992) The political economy of service sector negotiations in the Uruguay round. The Fletcher Forum of World Affairs 16(1): 35–54
____ (2000) Exorcising Asian debt: lessons from Latin American rollovers, workouts, and writedowns. In: Dasgupta D, Dadush U, Uzan M (eds) Private capital flows in the age of globalization: the aftermath of the Asian crisis. Edward Elgar, Northhampton, 105–139
____ (2001) APEC and trade liberalization after Seattle: transregionalism without a cause? In: Weber M (ed) Reforming economic systems in Asia: a comparative analysis of China, Japan, South Korea, Malaysia and Thailand. Elgar, Cheltenham
Aggarwal VK, Morrison CE (eds) (1998) Asia Pacific crossroads: regime creation and the future of APEC. Palgrave Macmillan, New York
Aggarwal VK, Urata S (eds) (2005) Bilateral trade arrangements in the Asia-Pacific: origins, evolution, and implications. Routledge, New York
Amyx J (2003) Japan and the evolution of regional financial arrangements in East Asia. In: Krauss E K, Pempel T J (eds) Beyond bilateralism: U.S.-Japan relations in the new Asia-Pacific. Stanford University Press, Stanford
Asher MG, Mukul G, and Ramkishen S Rajan (1995) Singapore-India economic relations: exploring strategies for mutual benefit. In: Yong MC and Rao VV (eds) Singapore-India relations: a primer. Singapore University Press, Singapore
Asher MG, Sen R (2005) India-East Asia Integration: A win-win for Asia. Research and Information Systems for the Non-aligned and Other Developing Countries (RIS) Discussion Paper 91. RIS, New Delhi
Asher MG, Sen R, Srivastava S (2003) ASEAN-India: emerging economic opportunities. In: Grare F, Mattoo A (eds) Beyond the rhetoric: the economics of India’s look east policy. Manohar, New Delhi
Asher, MG, Srivastava S (2003) India and the Asian economic community. Research and Information Systems for the Non-aligned and Other Developing Countries (RIS) Discussion Paper 51. RIS, New Delhi
Breslin S, Higgott RA (2000) Studying regions: learning from the old, constructing the new. New Political Economy 5(3)
Bresnan J (1998) The United States and the Indonesian financial crisis. Unpublished manuscript
Calder KE (2004) Securing security through prosperity: the San Francisco System in comparative perspective. The Pacific Review 17(1):135–157
Cumings B (1997) Japan and Northeast Asia into the twenty-first century. In: Katzenstein P and Shiraishi T (eds) Network Power: Japan and Asia. Cornell University Press, Ithaca
Dash KC (1996) The political economy of regional cooperation in South Asia. Pacific Affairs 69(2):185–209
Devare S (2006) India and Southeast Asia: toward security convergence. Institute of Southeast Asian Studies, Singapore
Dhar, PN (1988) The Indian economy. In: Lucas REB, Papanek GF (eds) The Indian economy. Oxford University Press, New Delhi
Djalal H (1998) South China Sea Island disputes. In: Nordquist MH and Moore JN (eds) Security flashpoints: oil, islands, sea access and military confrontation. Martinus Nijhoff, Boston
Foot R (2003) The UN system as a pathway to security in Asia. In: Alagappa M (ed) Asian security order: instrumental and normative features. Stanford University Press, Stanford
Ganguly S (1986) The origins of war in South Asia. Westview, Boulder
Ganguly S, Mistry D (2006) The case for the U.S.-India nuclear agreement. World Policy Journal 23(2):11–19
Garver J (2002) The China-India-U.S. triangle: strategic relations in the post-Cold War era. National Bureau of Asian Research (NBR) Analysis 13(5)
Gaur S (2003) Framework agreement on comprehensive economic cooperation between India and ASEAN: first step toward economic integration. ASEAN Economic Bulletin 20(3):283–291
Gent JE (2004) Financial globalization and India’s equity market reforms. India Review 3(4):306–332
Grare F, Mattoo A (eds) Beyond the rhetoric: the economics of India’s Look East policy. Manohar, New Delhi
Grieco JM (1997) System sources of variation in regional institutionalization in Western Europe, East Asia, and the America. In: Mansfield E, Milner H (eds) The political economy of regionalism. Columbia, New York
Hara K (2001) 50 years from San Francisco: re-examining the peace treaty and Japan’s territorial problems. Pacific Affairs 74(3):361–382
Hatch W (1998) Grounding Asia’s flying geese: the costs of depending heavily on Japanese capital and technology. NBR Briefing. National Bureau of Asian Research, Seattle
Iyer H (2003/04) The Bangkok agreement: prospects for trade expansion in the Asia-Pacific region. Bulletin on Asia-Pacific Perspectives
Jaffrelot C (2003) India’s Look East policy: an Asianist strategy in perspective. India Review 2:35–68
Jackson K (1999) Introduction. In: Jackson K (ed) The Asian contagion. Boulder: Westview
Jayawardane L (2001) The significance of the Indo-Lanka Free Trade Agreement. Daily News: 26.
Jenkins R (2003) Indian export and economic growth performance in Asian perspective. Economy and Society 32:584–610
Job B (2003) Track 2 diplomacy: ideational contribution to the evolving Asia security order. In: Alagappa M (ed) Asian security order: instrumental and normative features. Stanford University Press, Stanford
Joshi V and Little IMD (1994) India: macroeconomics and political economy 1964–1991. Oxford University Press, New Delhi
Joyner CC (1999) The Spratly Islands dispute in the South China Sea: problems, policies, and prospects for diplomatic accommodation. In: Singh R K (ed) Investigating confidence-building measures in the Asia-Pacific region. Stimson Center Report 28, 53–108. Washington, D.C.: The Henry L. Stimson Center
Kagan D (1995) On the origins of war and the preservation of peace. Doubleday, New York
Kang D (2003) Acute conflicts in Asia after the Cold War. In: Alagappa M (ed) Asian security order: instrumental and normative features. Stanford University Press, Stanford
Katzenstein PJ (1997) Introduction and Conclusion. In Katzenstein PJ and Shiraishi T (eds) Network Power: Japan and Asia. Cornell, Ithaca
Kaul MM (2001) ASEAN-India relations during the Cold War. In: Grare F, Mattoo A (eds) India and ASEAN: the politics of India’s Look East Policy. Manohar, New Delhi
Kelegama, S (2003) Sri Lankan exports to India. Economic and Political Weekly, 3153–3154
____ (1999). Indo-Sri Lanka trade and the bilateral free trade agreement: A Sri Lankan perspective. Asia Pacific Development Journal 6(2): 87–106
Kohli A (1990) Democracy and discontent. Cambridge, New York
Koo, MG. (2005) From multilateralism to bilateralism? A shift in South Korea’s trade strategy. In: Aggarwal VK, Urata S (eds) Bilateral trade arrangements in the Asia-Pacific: origins, evolution, and implications. Routledge, New York
Kwei E (2005) Chinese bilateralism: politics still in command. In: Aggarwal VK, Urata S (eds) Bilateral trade arrangements in the Asia-Pacific: origins, evolution, and implications. Routledge, New York
Leifer M (1996) The ASEAN Regional Forum. Adelphi Paper of the IISS 302. Oxford University Press, Oxford
Mansfield E, Milner H, Bronson R (1997) The political economy of major-power trade flows. In: Mansfield E, Milner H (eds) The Political Economy of Regionalism. Columbia, New York
Maoz Z, Russett B (1993) Normative and structural causes of democratic peace, 1946–1986. American Political Science Review 87(3):624–638
Mattoo A (2001) ASEAN in India’s foreign policy. In: Grare F, Mattoo A (eds) India and ASEAN: the politics of India’s Look East Policy. Manohar, New Delhi, 91–117
Milner H (1992) International theories of cooperation among nations: strengths and weaknesses. World Politics 44:466–496
____ (1997) Industries, governments, and regional trade blocs. In: Mansfield E, Milner H (eds) The political economy of regionalism. Columbia, New York.
Mochizuki MM (1998) Security and economic interdependence in Northeast Asia. Asia/Pacific Research Center Working Paper. Stanford University Press, Stanford
Mukherji IN (2006) India’s economic diplomacy toward its neighbours. In: Khosla IP (ed) Economic diplomacy. Konarak, New Delhi
Mukherji R (2000) India’s aborted liberalization — 1966. Pacific Affairs 73:3
____ (2005a) Appraising the legacy of Bandung: a view from India. Revised paper for the conference Bandung Revisited: A Critical Appraisal of a Conference’s Legacy, April 14–25
____ (2005b) Economic transition in a plural polity: India. Working Paper 05. Singapore: Institute of South Asian Studies
____ (2006) Promoting competition in Indian telecommunications. In: Chand V (ed) Reinventing public service delivery in India. World Bank and Sage, Washington and New Delhi
____ (ed) (November 2007) India’s Economic Transition: The Politics of Reforms. Oxford University Press, New Delhi
Montville JV (1995) The arrow and the olive branch: a case for Track 2 diplomacy. In: MacDonald JW and Bendahmane DB (eds) Conflict resolution: Track 2 diplomacy. Institute for Multi-Track Diplomacy, Washington, D.C.
Nayar BR (2005) The geopolitics of development. Oxford University Press, New Delhi
Nye, JS (1988) Neorealism and neoliberalism. World Politics 40(2):245–251
OECD (various) External debt of developing countries. OECD: Paris
Oneal JR, Russett BM (1997) The classical liberals were right: democracy, interdependence, and conflict, 1950–85. International Studies Quarterly 41(2):267–293
Organski AFK (1968) World politics. Alfred A. Knopf, New York
Organski, AFK, Kugler J (1980) The war ledger. University of Chicago Press, Chicago
Papayoanou PA (1996) Interdependence, institutions, and the balance of power: Britain, Germany, and World War I. International Security 20(4): 42–76
Paranjpe S (2002) Development of order in South Asia: toward a South Asian Association for Regional Cooperation parliament. Contemporary South Asia 11(3):345–356
Pempel TJ (1999) Regional ups, regional downs. In: Pempel TJ (ed) The politics of the Asian economic crisis. Cornell, Ithaca
Pollack JD, Cha YKY, Cha K (1995) A new alliance for the next century: the future of U.S.-Korean security cooperation. RAND, Santa Monica
Putnam R (1988) Diplomacy and domestic politics. International Organization 42
RAND (2001) RAND Research Brief 63. India’s emerging nuclear posture. Based on Tellis AJ (2001) India’s emerging nuclear posture: between recessed deterrent and ready arsenal
Ravenhill J (2002) APEC and the construction of Pacific Rim regionalism. Cambridge University Press, Cambridge
Ross RS (1997) China II: Beijing as a conservative power. Foreign Affairs 76(2):33–44
Rubin B (1985) Economic liberalization and the Indian state. Third World Quarterly 7(4):942–957
Saint-Mezard I (2003) The Look East policy: an economic perspective. In: Grare F, Mattoo A (eds) Beyond the rhetoric: the economics of India’s Look East policy. Manohar, New Delhi
Sarma A and Mehta P (2002) Exploring Indo-ASEAN economic partnership in a globalizing world. Bookwell, New Delhi
Sen A (1998) Theory and practice of development. In: Ahluwalia IJ and Little IMD (eds) India’s economic reforms and development. Oxford University Press, New Delhi
Sen R, Asher MG, Rajan RS (2004) ASEAN-India economic relations: current status and future prospects. Economic and Political Weekly, July 17
Sengupta AK (2001) Reforms, equity and the IMF. Har Anand: New Delhi
Shambaugh D (1995) Greater China: the next superpower. Oxford University Press, Oxford
Singh M (1964) India’s export trends and the prospects of self-sustained growth. Clarendon Press: London
Snyder C (1996) Emerging regional security cooperation in Europe and the Asia Pacific. Pacific Review 9(4):533–576
Singh S (2001) China factor in India’s ties with Southeast Asia. In: Grare F, Mattoo A (eds) India and ASEAN: the politics of India’s Look East policy. Manohar, New Delhi
Sridharan K (1995) Singapore-India relations in the post-Cold War period: a Singapore perspective. In: Cheong YM and Rao VV (eds) Singapore India relations: a primer. Singapore University Press: Singapore
____ (1996) The ASEAN in India’s foreign policy. Dartmouth Publishing: Aldershot
Srinivasan TN (2001) India’s reform of external sector policies and future multilateral trade negotiations. Economic Growth Center, Yale University, Center Discussion Paper 830
Tendulkar SD (2000) Indian export and economic growth performance in Asian perspective. Indian Council for Research on International Economic Relations, New Delhi, Working Paper 54
Tomar R (2002) India-U.S. relations in a changing strategic environment. Research Paper 20. http://www.aph.gov.au/library/pubs/rp/2001-02/02rp20.htm
Tønnesson S (2003) Sino-Vietnamese rapprochement and the South China Sea irritant. Security Dialogue 34(1):55–70
Tsunekawa K (2005) Why so many maps there? Japan and East Asian regional developments. In: Pempel TJ (ed) Remapping East Asia: the construction of a region. Cornell, Ithaca
Virmani A, Batra A (2004) Response to East Asian regionalism and its impact — the Indian view. Indian Council for Research on International Economic Relations, New Delhi
Waldron A (1996) Deterring China. Commentary 100(4):17–21
World Insitute for Development Economics Research (1991). Indo-Sri Lanka economic cooperation. WIDER Groups Series No. 8: Helsinki
____ (1993) Indo-Sri Lanka economic cooperation. WIDER Groups Series No. 9: Helsinki
Xie, L, Wyner B (1998) Modeling China’s military expenditures as an actionreaction process: a preliminary study. In: Li X, Hu X, Zhong Y (eds) Interpreting U.S.-China-Taiwan relations: China in the Post-Cold War era. University Press of America, Baltimore
Zagha R (1999) Labor in India’s economic reforms. In: Sachs J, Bajpai N and Varshney A (eds) India in the era of economic reforms. Oxford University Press: New Delhi
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2008 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Aggarwal, V.K., Mukherji, R. (2008). India’s Shifting Trade Policy: South Asia and Beyond. In: Aggarwal, V.K., Koo, M.G. (eds) Asia’s New Institutional Architecture. The Political Economy of the Asia Pacific. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-72389-9_8
Download citation
DOI: https://doi.org/10.1007/978-3-540-72389-9_8
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-72388-2
Online ISBN: 978-3-540-72389-9
eBook Packages: Business and EconomicsEconomics and Finance (R0)