Financial Daily from THE HINDU group of publications
Tuesday, Dec 14, 2004

Cross Currency

Group Sites

Industry & Economy - Events

`S. Asian region must focus on enhancing competitiveness'

Our Bureau

Hyderabad , Dec. 13

THE United Nations has asked the post-Colonial Governments in South Asia to give way to modern, cutting-edge and professional governments in order to benefit from the globalisation process.

Addressing the regional forum on revitalising government in `South Asia: Public sector capacity and globalisation' here on Monday, a high-level UN official said unless the region took measures, there was a danger of it being overlooked or marginalised from the process of globalisation.

Dr Hafiz Pasha, UN Assistant Secretary-General, said the region could record some noticeable growth.

Yet the rate of poverty reduction was disappointing in the 1990s. The reason for not achieving a breakthrough was not including agriculture. This was referred to as jobless growth.

One of the main reasons, he said, was failure to attract foreign direct investments despite opening up the economy.

He observed that all growth plans should be inclusive (of the poor) in character.

The onus was on governments. "Governments will have to focus on sustaining and enhancing competitiveness. The focus should be on developing physical infrastructure and investing in human resources in order to make the labour internationally competitive," he said.

Yet another block was high corruption rates in the region. Fair rules of the game (of trade) and maintaining law and order also held the key.

Before globalisation, the countries in the region were inwardly looking, mostly focussing on import substitution.

The process of liberalisation and globalisation turned the tide, greatly reducing trade tariffs from as high as 60 per cent in the late 1970s to 47 per cent in 1980s and 20 per cent in 1990. "This is the extent of opening up," Dr Pasha said.

The three-day forum was being organised by the UN Department of Economic and Social Affairs, (UNDESA), UN Development Programme and Administrative College of India.

More Stories on : Events | Economy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
N-E monsoon showing signs of withdrawal

Validation of bio-diesel project
Biospectrum awards for 2004 announced
Auto industry: Search for a balance
Supplementary demands for Rs 5,063 cr introduced in LS
Explosives sector hit by rise in input prices
Slippage in revenue deficit target likely
Assocham expresses optimism growth forecast
Kerala: Mayors' meet on ADB loans
Customs, excise duty collections dip in Nov
FICCI, Thai body sign action plan to cash in on FTA opportunities
Cancer expert lauds palliative care programme in Kozhikode
Most States averse to cut in sales tax for petro products
Industry concern over continuation of CST in VAT first year
VAT must replace all local levies: FICCI
AP: Sales Tax Act amendment Bill introduced
UN suggests pref treatment for LCDs in the absence of textile quotas
Texprocil signs MoU with Chinese textile council
A new `lease' on securitisation
IFA Hotels woos Indian investment in Dubai
FICCI seeks change in time gap between board meetings
Apparel industry steps up exports as quota regime draws to a close
Apparel exporters to meet in Mumbai for 2-day workshop
`S. Asian region must focus on enhancing competitiveness'
Trauma management course
Expo on safety from Dec 17-19 in Hyderabad
In Hyderabad today
Swiss tourism courts South India with road shows

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line