Here's an interesting statistic: 95% of trade by South Asian countries is focused on Europe, North America, and, to a lesser extent, East Asia. This has kept the subcontinent, with several landlocked and border regions being some of the poorest in the world, from realising the wealth in its own neighbourhood. Yet, it doesn't have to be that way. With the right approach, South Asia can revamp itself into an economic powerhouse, instead of being home to the largest number of the world's poor.
Lead Economist, Trade and Competitiveness Global Practice, World Bank
Sanjay Kathuria is Lead Economist in the World Bank’s Trade and Competitiveness Global Practice. He works on issues relating to South Asia Regional Integration, based in Washington, D.C. Until August 2012, he was the Bank’s Lead Economist for Bangladesh, based in Dhaka. In 22 years at the World Bank, he has worked in South Asia, as well as the Latin American and East European regions. Prior to joining the World Bank, he was a Fellow at the Indian Council for Research on International Economic Relations in New Delhi. He graduated from St. Stephen’s College, did his Master’s at the Delhi School of Economics, and his doctorate from Oxford University. His research interests include issues relating to economic growth, international trade and trade policy, competitiveness, technology development, fiscal policy, and financial sector development. He has published several books and academic as well as popular articles on these topics.
SIGN UP FOR THE DAILY BRIEF FROM HUFFPOST INDIA