saarc

PowerPoint Presentation

NAME: TAHIR HUSSAIN

CLASS:MA FINAL

COURSE TITTLE: MONETRY ECONOMICS

TOPIC NAME:SAARC OVER THE YEARS

INTRODUCTION SAARC established in 1985.Member countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.Core objectives:To promote and strengthen collective self-reliance among the countries of South Asia.To contribute to develop mutual trust, understanding and appreciation of one anothers problem.To promote active collaboration and mutual assistance in the economic, social, cultural, technical and scientific fields.

PERFORMANCE OF SAARAC FROM ECONOMIC POINT OF VIEW: Nominal GNI of member countries.

Per capita income of member countries.

intra regional trade(export) among member countries.

PER CAPITA INCOME AND GNI FOR SAARC COUNTRIES (FOR 2012):

REMARKS:India has highest mean GNI value i.e. $ 1856.2 billion.

Pakistan and Bangladesh are at second number.

Majority of SAARC member countries are having less GNI value.

PER CAPITA INCOME AND NOMINAL GNI FOR ASEAN COUNTRIES (FOR 2012):

REMARKS: Indonesia is at top in terms of mean GNI value for given period.

Thailand is at second number.

Then Malaysia, Singapore and Philippines are nearly at same point.

COMPARSION FOR GNI BETWEEN SAARC & ASEAN COUNTRIES:

INTRA REGIONAL EXPORT AMONG SAARC & ASEAN COUNTRIES IN BILLION $ (1995-2012):

CONTINUE:YEARSAARCASEAN20035.62116.5820046.92141.7620059.11165.40200610.01191.04200711.95217.29200815.02250.61200911.64198.93201016.59262.97201120.09310.40201220.22325.20201323.18329.70

REMARKS:Huge difference in intra regional exports has been observed from beginning .ASEAN countries total export is much more than SAARC countries total export.For 2013 total intra regional export for SAARC countries was $23.18 billion and for ASEAN countries it was 329.79 billion.

REASON FOR FAILURE OF SAARC:Indo centric nature of region. India occupies 76% area, 77% of population of total south Asia. This in return a sense of insecurity and negative impact on other members.Failure of SAFTA (south Asian free trade agreement).

HOW SAARC CAN BE MADE EFFECTIVE:Member countries should set an open market, lunching of single unit of money could also be good.

Conflicts should be resolved to decrease defense budget so developmental expenses could be increase.

Education should be provided serious attention.

Tourism can generate good revenue for some of countries if it would be given better notice.