Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors

Regional economic engagement within South Asia may gain increasing importance owing to several factors that are currently in play, including strategies to diversify global value chains and locate such value chains nearer home. These developments offer South Asia a chance to enhance its low levels of...

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Main Authors:	Kathuria, Sanjay, Yatawara, Ravindra A., Zhu, Xiao’ou
Format:	Book
Published:	Washington, DC: World Bank 2021
Subjects:	FOREIGN DIRECT INVESTMENT REGIONAL INTEGRATION INVESTMENT CLIMATE REGIONAL INVESTMENT INVESTMENT FACILITATION DIGITAL CONNECTIVITY REGIONAL TRADE
Online Access:	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/172151637224905060/regional-investment-pioneers-in-south-asia-the-payoff-of-knowing-your-neighbors http://hdl.handle.net/10986/36530

id	okr-10986-36530
recordtype	oai_dc
spelling	okr-10986-365302021-11-18T15:54:27Z Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors Kathuria, Sanjay Yatawara, Ravindra A. Zhu, Xiao’ou FOREIGN DIRECT INVESTMENT REGIONAL INTEGRATION INVESTMENT CLIMATE REGIONAL INVESTMENT INVESTMENT FACILITATION DIGITAL CONNECTIVITY REGIONAL TRADE Regional economic engagement within South Asia may gain increasing importance owing to several factors that are currently in play, including strategies to diversify global value chains and locate such value chains nearer home. These developments offer South Asia a chance to enhance its low levels of regional economic engagement and capitalize on significant unrealized development opportunities. This report shows that examining intraregional investment and knowledge connectivity enhances our understanding of the low levels of intraregional trade and limited regional value chains in South Asia. Creating a new and unique data set for South Asian investment, it provides a detailed and nuanced understanding of the drivers of outward investment, both regional and global, for South Asian firms. “Regional Investment Pioneers in South Asia” provides key considerations for policy makers in South Asia, which remain particularly relevant in the aftermath of the pandemic. First, it makes a case for regulatory relaxation of outward FDI regimes, based on new micro foundations, grounded in value chains. Second, it spells out details of smart inward FDI promotion techniques and investment facilitation. Third, it identifies distinct cross-border information-enhancing and network development activities. Fourth, it suggests that digital connectivity and continued interventions in reducing trade costs are warranted to increase investment as well as trade flows. There is particular scope to build on the digitalization initiatives in trade and investment facilitation taken during the pandemic. “Regional Investment Pioneers in South Asia” follows on, and is complementary to, the earlier World Bank report, “A Glass Half Full: the Promise of Regional Trade in South Asia.” 2021-11-10T15:43:14Z 2021-11-10T15:43:14Z 2021-11-17 Book https://documents.worldbank.org/en/publication/documents-reports/documentdetail/172151637224905060/regional-investment-pioneers-in-south-asia-the-payoff-of-knowing-your-neighbors 978-1-4648-1534-8 http://hdl.handle.net/10986/36530 South Asia Development Forum; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication South Asia South Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	FOREIGN DIRECT INVESTMENT REGIONAL INTEGRATION INVESTMENT CLIMATE REGIONAL INVESTMENT INVESTMENT FACILITATION DIGITAL CONNECTIVITY REGIONAL TRADE
spellingShingle	FOREIGN DIRECT INVESTMENT REGIONAL INTEGRATION INVESTMENT CLIMATE REGIONAL INVESTMENT INVESTMENT FACILITATION DIGITAL CONNECTIVITY REGIONAL TRADE Kathuria, Sanjay Yatawara, Ravindra A. Zhu, Xiao’ou Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors
geographic_facet	South Asia South Asia
relation	South Asia Development Forum;
description	Regional economic engagement within South Asia may gain increasing importance owing to several factors that are currently in play, including strategies to diversify global value chains and locate such value chains nearer home. These developments offer South Asia a chance to enhance its low levels of regional economic engagement and capitalize on significant unrealized development opportunities. This report shows that examining intraregional investment and knowledge connectivity enhances our understanding of the low levels of intraregional trade and limited regional value chains in South Asia. Creating a new and unique data set for South Asian investment, it provides a detailed and nuanced understanding of the drivers of outward investment, both regional and global, for South Asian firms. “Regional Investment Pioneers in South Asia” provides key considerations for policy makers in South Asia, which remain particularly relevant in the aftermath of the pandemic. First, it makes a case for regulatory relaxation of outward FDI regimes, based on new micro foundations, grounded in value chains. Second, it spells out details of smart inward FDI promotion techniques and investment facilitation. Third, it identifies distinct cross-border information-enhancing and network development activities. Fourth, it suggests that digital connectivity and continued interventions in reducing trade costs are warranted to increase investment as well as trade flows. There is particular scope to build on the digitalization initiatives in trade and investment facilitation taken during the pandemic. “Regional Investment Pioneers in South Asia” follows on, and is complementary to, the earlier World Bank report, “A Glass Half Full: the Promise of Regional Trade in South Asia.”
format	Book
author	Kathuria, Sanjay Yatawara, Ravindra A. Zhu, Xiao’ou
author_facet	Kathuria, Sanjay Yatawara, Ravindra A. Zhu, Xiao’ou
author_sort	Kathuria, Sanjay
title	Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors
title_short	Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors
title_full	Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors
title_fullStr	Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors
title_full_unstemmed	Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors
title_sort	regional investment pioneers in south asia : the payoff of knowing your neighbors
publisher	Washington, DC: World Bank
publishDate	2021
url	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/172151637224905060/regional-investment-pioneers-in-south-asia-the-payoff-of-knowing-your-neighbors http://hdl.handle.net/10986/36530
_version_	1764485448571289600

Regional Investment Pioneers in South Asia : The Payoff of Knowing Your Neighbors

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