PROSPECTS OF REGIONALISM: COMPARATIVE ANALYSIS OF SAARC AND ASEAN

Rahila Asfa, Dr. Mughees Ahmed

Abstract


The purpose of this research paper is to conduct a comparative study of the ASEAN and SAARC to highlight the prospects of regionalism in South Asian and South East Asian region. The socio-political hindrance in the  economic development of South Asia is one of the major failures of SAARC. ASEAN illustrate an ideal example for the South Asia to acquire economic liberalization and regional stability. People-oriented approach of ASEAN member states pave the way for socio-economic development in South East Asia. Likewise, South Asian states would strive for socio-political stability by following people oriented approach and economic liberalization  in  the  South  Asian  region.  On  the  other  hand,  the increasing ties  between  ASEAN  member states and SAARC  would be a better opportunity for South Asian states to develop a stable regional environment.

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Copyright (c) 2015 Asia Pacific - Annual Research Journal of Far East & South East Asia

ASIA PACIFIC Research Journal of Far East & South East Asia is published annually by the Area Study Centre, Far East & South East Asia, University of Sindh, Jamshoro, Pakistan.