Publication Date

9-6-2007

Description

The topic ‘Regional Cooperation’ is quite wide and encompasses many different dimensions – political, security, cultural, economic etc. I would like to focus my remarks this morning on economic cooperation and interaction only. The context for regional economic cooperation is the globalization that is driving the economic processes. From 1990 to 2003 global GDP increased 1.7 times while global trade and FDI increased 2.2 and 3 times respectively. Globalization has contributed to economic growth through several channels.

Notes

Keynote address at the International Seminar on Regional Cooperation in Asia organized by the Islamabad Policy Research Institute and Hans Seidel Foundation at Islamabad on September 6, 2007.

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