Purpose: This paper aims to analyze whether the domestic policy reforms in India would suffice, or there is a need to conform to stricter international standards as well. The paper is arranged along the following lines. First, the paper offers a brief review of the cooperation in the field of...

Abstract The decision of a country to join regional trade agreements (RTAs) is guided by its expected welfare gains, though potentials of both trade creation and trade diversion cannot be ruled out through such arrangements. The slow progress of the World Trade Organization negotiations has...

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...

China and India, in spite of being signatory members of GATT (General Agreement on Tariffs and Trade, 1948), witnessed a dissimilar experience in the arena of multilateral negotiations and trade. China lost its membership after the withdrawal of Taiwan from GATT in 1950, but gained steady access...

A number of developed as well as developing countries provide subsidies to domestic players, leading to overproduction and over-exploitation of natural resources, which pose a serious threat to environmental sustainability. The analysis in this article attempts to understand the role of...

It is argued in the existing literature that foreign direct investment (FDI) inflow positively influences economic growth through technology diffusion, human capital formation, etc., though a section of the literature do not find empirical support for this contention. Since the initiation of the...

The waves of globalisation in the past decades have increased the cross-country trade and investment flows, which also raise serious concerns over environmental sustainability and climate change owing to the following three effects. First, through scale effect the growing output and exports of...

Property rights always create a limited monopoly of the right holder. Intellectual property rights (IPR) came into existence in order to acknowledge and encourage creativity, for example, literary works, although in early days the provision was misused as a government policy. In the subsequent...

The long-run relationship between current account balance (CAB) and capital account balance (KAB) and the repercussions of capital account convertibility (KAC) on the growth process of a country is a much-debated issue. In particular, in the aftermath of the Southeast Asian crisis, the...