Boosting exports for South Asia
July 5, 2021
The Covid-19 pandemic has disrupted the global economy and world trade. As South Asia emerges from the worst economic performance in decades, exports can be an important engine to help foster economic recovery.
In recent decades, exports have been a key catalyst in transforming many Asian economies and lifting hundreds of millions of people out of poverty. But South Asia, one of the fastest growing subregions in the world before the pandemic, is yet to see dynamic export growth spanning across diverse sectors.
Home to about a quarter of the world’s population, South Asia contributes a meagre 4 percent to global GDP while its share of total worldwide exports is lower at 2.5 percent, according to World Development Indicators (WDI). And yet Southeast Asia, with an even smaller share of world GDP of 3.4 percent, is the source of 7.5 percent of global exports – three times that of South Asia.
$25 Million ADB Grant to Procure COVID-19 Vaccines for Tajikistan
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$25 Million ADB Grant to Procure COVID-19 Vaccines for Tajikistan
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An Afghanistan at peace could connect Central and South Asia Daily News (via HT Media Ltd.)
Over the past 40 years of conflicts, Afghanistan’s potential as a contributor to development and prosperity in Asia has gone unrealised. If it were a stable neighbour, as the current Afghan peace process is meant to make it, Afghanistan could harness its potential as the “Heart of Asia” and connect the South and Central Asian regions.
The five Central Asian countries have been isolated to the south by war-torn Afghanistan, to the east by rough terrain with nearly impassable mountains, and to the west by Iran, making engagement with South Asia both implausible and difficult.