{"title":"Book Review: Biswajit Nag and Debashis Chakraborty (Eds.), India’s Trade Analytics—Patterns and Opportunity","authors":"Anusree Paul","doi":"10.1177/1391561419868417","DOIUrl":null,"url":null,"abstract":"NTMs may be legitimate measures addressing market or coordination failures and achieving a wide range of policy objectives from consumers’ safety and health to environment purposes. However, they can hurt competitiveness and unnecessarily raise the cost of living. Restricted access to key inputs and intermediate products, and cumbersome procedures for import and export licences and permits, cause delays and extra costs to firms hurting small and medium enterprises particularly and dampening diversification efforts. NTMs can also increase the cost of important food staples and household consumer products. The challenge is to identify ways to reduce the trade-impeding effect of NTMs while ensuring that legitimate regulatory objectives are attained. The challenge for trading partners/governments is to achieve their regulatory and public policy objectives in a way that also allows them to maximize the gains from trade for all. Cooperation among governments in designing NTMs offers an efficient option to achieve regulatory objectives while reducing potentially unnecessary trade costs. This approach can lead to greater coherence and inter-operability across national regulatory regimes, thereby enabling economies to take better advantage of the welfare-enhancing benefits from trade. The volume is a valuable document and will greatly benefit policymakers and those engaged in the foreign trade activity.","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"South Asia Economic Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/1391561419868417","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
NTMs may be legitimate measures addressing market or coordination failures and achieving a wide range of policy objectives from consumers’ safety and health to environment purposes. However, they can hurt competitiveness and unnecessarily raise the cost of living. Restricted access to key inputs and intermediate products, and cumbersome procedures for import and export licences and permits, cause delays and extra costs to firms hurting small and medium enterprises particularly and dampening diversification efforts. NTMs can also increase the cost of important food staples and household consumer products. The challenge is to identify ways to reduce the trade-impeding effect of NTMs while ensuring that legitimate regulatory objectives are attained. The challenge for trading partners/governments is to achieve their regulatory and public policy objectives in a way that also allows them to maximize the gains from trade for all. Cooperation among governments in designing NTMs offers an efficient option to achieve regulatory objectives while reducing potentially unnecessary trade costs. This approach can lead to greater coherence and inter-operability across national regulatory regimes, thereby enabling economies to take better advantage of the welfare-enhancing benefits from trade. The volume is a valuable document and will greatly benefit policymakers and those engaged in the foreign trade activity.
期刊介绍:
The South Asian nations have progressively liberalized their economies in recent years in an effort to integrate with the world economy. They have also taken steps to enhance multilateral and regional economic integration. Even though the South Asian economies have grown at an average rate of more than 5 per cent over the last few years, roughly 40 per cent of their people still live below the poverty line. Hence, the South Asian region continues to face many challenges of economic and social development. The South Asia Economic Journal (SAEJ) is designed as a forum for informed debate on these issues, which are of vital importance to the people of the region who comprise one-sixth of the world’s population. The peer-reviewed journal is devoted to economic analysis and policy options aimed at promoting cooperation among the countries comprising South Asia. It also discusses South Asia’s position on global economic issues, its relations with other regional groupings and its response to global developments. We also welcome contributions to inter-disciplinary analysis on South Asia. As a refereed journal, SAEJ carries articles by scholars, economic commentators,policy-makers and officials, from both the private and public sectors. Our aim is to create a vibrant research space to explore the multidimensional economic issues of concern to scholars working on South Asia. Among the issues debated in relation to South Asia are: - the implications of global economic trends; - the issues and challenges by WTO; - approaches to industrialization and development; - the role of regional institutions such as the SAARC; - the relationship between SAARC and other regional economic groupings such as ASEAN; - the implications of economic liberalization for trade and investment in the region; - new initiatives that can be launched to enhance economic cooperation among the South Asian countries both on a bilateral and a regional basis.