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Economic Cooperation between Singapore and India: An Alliance in the Making? (Routledge Studies in the Growth Economies of Asia)

Economic Cooperation between Singapore and India: An Alliance in the Making? (Routledge Studies in the Growth Economies of Asia)

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Описание
This book examines the growing economic relations between India and Singapore which has culminated in a Free Trade Agreement, the Comprehensive Economic Cooperation Agreement (CECA), signed by both economies in June 2005. With greater convergence in strategic and economic interests, India has begun to focus more towards the Southeast Asian region to enhance economic linkages with the region. Singapore was one of the earliest Southeast Asian economies to spot the potential of India and actively promoted its own and regional trade links with India. At the same time, with increasing regional economic competition, Singapore showed interest in India as an emerging market with a large human resource base and opportunities for investment in India’s infrastructure. Using the information technology sector as a case study of the India-Singapore ‘alliance’, the book examines the challenges that India and Singapore have overcome in expanding their bilateral trade. In the process, Singapore has become one of the top five foreign investors in India. The CECA is important as it is the first FTA that Singapore signed with a developing country and in the context of the Association of Southeast Asian Nations, CECA provided a blue print for India to conclude similar FTAs with other ASEAN members. This book provides a competitive analysis for intra-regional foreign direct investment. Furthermore, it demonstrates that the economic relationship between Singapore and India shows ways in which both economies are attempting to meet the challenges of the future. It will be of interest to scholars of international business studies and cross-cultural management, international trade, international relations, information management and South and Southeast Asian Stuides.