Journal Press India®

South Asia in the 21st Century Global Order: Problems, Promises and Positioning

Vol 2, Issue 1, January - June 2015 | Pages: 1-21 | Research Paper  

 
Article has been added to the cart.View Cart (0)
https://doi.org/10.17492/focus.v2i1.6425


Author Details ( * ) denotes Corresponding author

1. * Munim Kumar Barai, Professor of Finance, College of International Management, Ritsumeikan Asia Pacific University, Japan (munim_barai@yahoo.com)

The world is passing through a crossroad as the multipolarity in the world order is now a distinctive possibility in the 21st Century. In that emergence, the center of global economic gravity is seemingly moving toward the Asia Pacific zone. The USA, the sole superpower in the present order, is increasingly facing challenges from China, Russia and other rising powers like India and Brazil. The success of the EU as an economic and political experiment will determine its role in the future context. This paper tries to assess a place for South Asia as a unit in the 21 century global order and finds a number of persisting problems like poverty, population, corruption, poor quality of education, disruptive political discourse, weak democratic governance, indiscipline, religious and ethnic tensions that impede their future progress. At the same time, the paper sees immense future potentials for South with their growing economies, demographics, diversity, diasporas, IT knowledge, and dynamism. However, the Indo-centric geographic identity of South Asia is both a problem as well as a promise. This paper argues that to reap the benefits of commonality, they need to approach their future collectively and cohesively.

Keywords

South Asia, Population, Corruption, Governance

  1. Alkire, S. & Santosh, M. E. (2010). Multidimensional Poverty Index: Oxford Poverty and Human    Development Index – OPHD. The University of Oxford: England. (July).
  2. Das, S. G. (2012). India Grows at Night. Penguin Global: Delhi.  (December).
  3. Funabashi, Y. (2014). Build strong Japan-India ties without taking aim at China. The Japan Times, (August 14)
  4. Ghosh, P. S. (1989). Cooperation and Conflict in South Asia. Technical Publications: Delhi, India.
  5. International Labour Organisation (ILO). (2010). Global Employment Trends for Youth. Geneva. (August).
  6. McLeod, J. (2002). The History of India. Greenwood Publishing Group, Westport: USA.
  7. Nakayma, C. (2014). Building global support for a new economic balance. The Japan Times, (12 August).
  8. Nye, J. S. (2011). The Future of Power. Public Affairs: New York.
  9. Pattanaik, S. S. (2011). Moving Beyond the Rhetoric of Cooperation. In Smruity S. Pattanaik (ed). South Asia - Envisioning A Regional Future, (Institute of Defence Studies and Analysis), New Delhi. pp.             XVII-XXVII.
  10. Transparency International. (2014). The Corruption Perception Index 2014. Transparency International, Berlin.
  11. United Nations Statistics Division. (2013). Composition of macro geographical (continental) regions, geographical sub-regions, and selected economic and other groupings, UN: New York. (October 31).
  12. World Bank. (2014). World Development Indicators 2014. Washington D.C.
  13. World Economic Forum. (2013). The Global Competitiveness Report 2013-14. Geneva.

Web References

  1. Asia One Business. (2013). Remittances to South Asia boost size of middle class. (Oct. 13). (Retrieved Jan. 20,2014).http://business.asiaone.com/news/remittances-south-asia-boost-size-middle-class#sthash.2ovB3ywD.dpuf
  2. Bennett, S. & Marcinek, L. (2014). Bill Gates Sees Almost No Poor Countries Left by 2035. (Bloomberg, January 22).http://www.bloomberg.com/news/2014-01-21/bill-gates-sees-no-poor-countries-left-by-  2035-in-annual-letter.html
  3. Cabraal, A. N. (2002). Our Common Future: South Asia. (Retrieved Jan. 20, 2014), http://www.island.lk/2002/01/13/featur04.html
  4. Chandran, D. S. (2013). A common future. The Friday Times. XXV(33). (Sep 27-Oct 3)
  5. http://www.thefridaytimes.com/beta3/tft/article.php?issue=20130927&page=9c; (Retrieved Jan.20,2014).
  6. Dhakan,  A. A. (2014). Jump in Pakistan’s poverty level. The Dawn. (Retrieved Jan. 12, 2014). http://www.dawn.com/news/794822/jump-in-pakistans-poverty-level
  7. Index Mundi (http://www.indexmundi.com/burma/gdp_real_growth_rate.html)
  8. Lehmann, J. P. (2013). The Asian 21st Century: Keys for continued growth. IMD  (June). (Retrieved Jan. 20,2014). http://www.imd.org/research/challenges/TC050-10.cfm
  9. Trading Economics, (http://www.tradingeconomics.com/myanmar/gdp)
  10. Transform - European Network for Alternative Thinking and Dialogue, "Hegemony and Multipolarity:         World Orders in the 21st Century," 2012 (Retrieved Jan. 20,2014).http://transform- network.net/calendar/ archive-2012/news/detail/ Calendar/hegemony-and-multipolarity-world-         orders- in-the-21st-century.html
  11. United Nations. (2015). History of the United Nations,  (retrieved 15 April, 2015), http://www.un.org/en/aboutun/history/
  12. World Bank. (2013). Doing Business Data, Economy Ranking. Washington, D.C. (Retrieved December 25, 2014).  http://www.doingbusiness.org/rankings.
Abstract Views: 158
PDF Views: 432

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.