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The South Asian Association for Regional Cooperation is a regional cooperation organization in the region. South Asia has experienced a long period of robust economic growth, averaging 6% a year over the past 20 years. The high growth is increasingly concentrated in some regions - the leading regions, while poverty is concentrated in other regions - the lagging regions. While South Asia navigated the financial crisis better than most regions, the region suffered the worst in terms of trade deterioration during previous food and fuel crises. South Asia has the potential to accelerate growth and reduce poverty, if the region could exploit four underutilized spatial features of the region: geography, transportation, mobility, and scale economies.
Bhutan
38,394
697,000
18
Dzongkha
India
3,287,240
1,210,193 ,422
382[
$1,537,96 6 million
22 official languages
Dhivehi
Sri Lanka
65,610
309
Pakistani Islamic Urdu, Eng rupee Republic lish Sri Democrati Sri Jayaward c Sinhala, T $5,300 Lankan enapuraSocialist amil rupee Kotte Source: http://en.wikipedia.org/wiki/South_Asia Republic $1023 Islamabad
Regional Cooperation (SAARC) is an organization of South Asian nations O Founded in December 1985 O Its seven founding members are Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka. O Afghanistan joined the organization in 2005
Geography
O India has an area of 32 lakh square
kilometers while Maldives has an area of just 298 square kilometers. O As a region, the countries are so much enmeshed with each other that evoking national sociology would be detrimental to the health of the region as a whole.
Economy
O South Asia is the poorest region on the
earth after Sub-Saharan Africa. O Sri Lanka has the highest GDP per capita in the region ($5300), while Nepal has the lowest ($427). India is the largest economy. O But still they exist as a unit forwarding the objective of SAARC of contributing to mutual trust, understanding and appreciation of one another's problems.
Objectives of SAARC
The objectives of the Association as defined in the Charter are: O to promote the welfare of the people of South Asia and to improve their quality of life; O to accelerate economic growth, social progress and cultural development in the region and to provide all individuals the opportunity to live in dignity and to realize their full potential; O to promote and strengthen collective self-reliance among the countries of South Asia; O to contribute to mutual trust, understanding and appreciation of one another's problems; O to promote active collaboration and mutual assistance in the economic, social, cultural, technical and scientific fields; O to strengthen cooperation with other developing countries; O to strengthen cooperation among themselves in international forums on matters of common interest; and O to cooperate with international and regional organisations with similar aims and purposes.
can see from the table in the previous slide that the countries in the region believes in unity in diversity. O While some countries have Muslims have as their majority other countries have Buddhists or Hindus as their majority.
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