One of the remarkable features of international trade has been the explosion of regional trading arrangements (RTAs) especially after 1990. In particular, developing countries have been in the forefront in contracting RTAs, especially among themselves. The period after 1995 is also characterized...

Incentive offers along with performance requirements are a notable feature of the Foreign Direct Investment (FDI) policies of South Asian countries after they opened up to trade and investment in the 1990s. Since FDI operates in an imperfect market environment, a government policy that tries to...