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Integration with Regional Blocks Through Intra-industry Production Networks: Boosting the Growth Prospects of Northeast India

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Mainstreaming the Northeast in India’s Look and Act East Policy

Abstract

The economies of South East Asia have become the fastest growing region through a process of mutual cooperation by creating intra-industry production networks for value addition. Given the geographical position of Northeast India, there are opportunities that can be developed to integrate the region into a production network for harnessing the trade potential of relevant products from the region with that of South East Asia. The region is rich in natural resources, minerals and ores, crude oil and natural gas, horticultural products, plantation crops, vegetables, spices, herbs and medicinal plants and enjoys competitive advantage in one or more products. Given the importance of regional trade agreements (RTAs) in enhancing the economy of the Asian economies, there are ample opportunities for NER to become involved in the intra-industry regional production network through its major products for improving its income and employment opportunities.

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Notes

  1. 1.

    NER consists of eight states, namely Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.

  2. 2.

    Border trade is overland trade by way of the “exchange of commodities” from a bilaterally agreed list by people living along both sides of the international border.

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Authors and Affiliations

  1. Department of Economics, Tripura Central University, Agartala, India

    Ashish Nath

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  1. Ashish Nath
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Editors and Affiliations

  1. Honorary Visiting Professor, Institute for Human Development, New Delhi, India

    Atul Sarma

  2. OKD Institute of Social Change and Development, Guwahati, Assam, India

    Saswati Choudhury

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Nath, A. (2018). Integration with Regional Blocks Through Intra-industry Production Networks: Boosting the Growth Prospects of Northeast India. In: Sarma, A., Choudhury, S. (eds) Mainstreaming the Northeast in India’s Look and Act East Policy. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-10-5320-7_8

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  • DOI: https://doi.org/10.1007/978-981-10-5320-7_8

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  • Publisher Name: Palgrave Macmillan, Singapore

  • Print ISBN: 978-981-10-5319-1

  • Online ISBN: 978-981-10-5320-7

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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