Economic Reform Processes in South Asia: Toward Policy Efficiency

If South Asia is to survive and prosper in the global economic environment, its behind-the-border domestic reforms will be even more important than before. However, these reforms are much more difficult and complex than initial market opening. This timely book analyses what lessons can be learned about how South Asia can improve its policy efficiency. Taking the theoretic principles of policy efficiency established in the East Asian context, the book examines how well they operate in different political climates, first in theory, and then via a series of South Asian case studies. It demonstrates that a difficult political climate and lack of a strong political base have not prevented significant economic reforms taking place in the region. The book therefore provides an even stronger test of what it takes to achieve policy efficiency. It also identifies some weaknesses that could be addressed by South Asian national governments and regional forums.