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With the dawn of the twenty-first century, South Asian region has undergone radical transformation. It has witnessed a strong democratic sweep. Most of the South Asian economies have registered impressive growth trajectories. Some of its countries have also emerged as the hub of global terrorism. The international community has become far more involved in South Asian affairs due to the nuclearisation of the region. SAARC cannot but keep pace with the changing regional dynamics. It has moved ahead on its economic agenda and expanded its reach not only by adding new members ( Afghanistan ) but also by opening itself to the participation of many other countries, including China , Iran and the US , as Observers.

South Asian cooperation --- South Asia --- Regions & Countries - Asia & the Middle East --- History & Archaeology --- Asian cooperation --- Economic integration --- South Asian Association for Regional Cooperation --- SAARC (South Asian Association for Regional Cooperation) --- S.A.A.R.C. --- South Asian Association for Regional Co-operation --- Sārka --- South Asian Regional Cooperation

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"This book presents a cross country comparison of development Indicators in the SAARC Countries with respect to the recent pre - and post- Liberalization, Privatization and globalization (LPG) era. In presenting the empirical analysis using econometric methods the present book brings in the theoretical background relating to the growth of public expenditure as articulated by Adolf Wagner and other researchers in the nineteenth and early twentieth century along with the Displacement Effect Hypothesis as advanced by Peacock and Wiseman in the mid twentieth century. It provides a critical analysis of the theories and views of the researchers on Wagner's law and the subsequent P-W hypothesis. It articulates and re-examines these with respect to the changes in the economic policies and comes up with reinterpretation of the impact using time series analysis. It empirically examines the changes in the structure of the estimated equation by using dummy variables. The study has tried to quantify the impact of the policy changes and has articulated the appropriateness of the use of dummy variable"--

Economic development --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- South Asian Association for Regional Cooperation. --- South Asia --- Economic conditions --- Econometric models. --- Economic policy. --- SAARC (South Asian Association for Regional Cooperation) --- S.A.A.R.C. --- South Asian Association for Regional Co-operation --- Sārka --- South Asian Regional Cooperation --- Asia, South --- Asia, Southern --- Indian Sub-continent --- Indian Subcontinent --- Southern Asia --- Orient

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Economic history. --- Economic policy. --- South Asian Association for Regional Cooperation --- South Asian Association for Regional Cooperation. --- South Asia --- South Asia. --- Economic conditions --- Economic policy --- Economic nationalism --- Economic planning --- National planning --- State planning --- History, Economic --- Political aspects --- S.A.A.R.C. --- SAARC --- Sārka --- South Asian Association for Regional Co-operation --- Asia, South --- Indian Sub-continent --- Indian Subcontinent --- Southern Asia --- Economics --- Planning --- National security --- Social policy --- South Asian Regional Cooperation --- Asia --- Orient --- Asia, Southern --- Association d'Asie du Sud pour la coopération régionale --- Asie méridionale --- Conditions économiques --- Politique économique --- SAARC (South Asian Association for Regional Cooperation) --- Business, Economy and Management --- Social Sciences --- Developmental Issues & Socioeconomic Studies

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This book highlights various challenges and opportunities for regional cooperation and development in South Asia. In light of the ongoing globalization process, the contributors investigate how socio-economic developments are changing the spatial organization of production as well as the profile of cities and landscapes, are stimulating the creation of maritime, terrestrial and aerial channels, and are putting increasing pressures on natural and environmental resources.  The book is divided into four parts: The first part analyses the increasing intensity of regional trade, migration and investment flows; the second focuses on channels and adapted spaces. The third part addresses sustainability and natural resources, while the fourth highlights institutional issues. .

South Asian Association for Regional Cooperation. --- SAARC --- S.A.A.R.C. --- South Asian Association for Regional Co-operation --- Sārka --- South Asian Regional Cooperation --- Regional economics. --- International relations. --- Economic development. --- Social change. --- Asia-Politics and government. --- Asia-Economic conditions. --- Natural resources. --- Regional/Spatial Science. --- International Relations. --- Development and Social Change. --- Asian Politics. --- Asian Economics. --- Natural Resource and Energy Economics. --- National resources --- Natural resources --- Resources, Natural --- Resource-based communities --- Resource curse --- Change, Social --- Cultural change --- Cultural transformation --- Societal change --- Socio-cultural change --- Social history --- Social evolution --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Coexistence --- Foreign affairs --- Foreign policy --- Foreign relations --- Global governance --- Interdependence of nations --- International affairs --- Peaceful coexistence --- World order --- National security --- Sovereignty --- World politics --- Regional planning --- Regionalism --- Space in economics --- Economic aspects --- SAARC (South Asian Association for Regional Cooperation) --- Spatial economics. --- Asia—Politics and government. --- Asia—Economic conditions. --- Spatial economics --- Regional economics