NAME: TAHIR HUSSAIN

CLASS:MA FINAL
COURSE TITTLE: MONETRY ECONOMICS
TOPIC NAME:SAARC OVER THE YEARS

INTRODUCTION
SAARC established in 1985.Member countries:
Afghanistan, Bangladesh, Bhutan, India, Maldives,
Nepal, Pakistan, Sri Lanka.
Core objectives:
To promote and strengthen collective self-reliance
among the countries of South Asia.
To contribute to develop mutual trust,
understanding and appreciation of one anothers
problem.
To promote active collaboration and mutual
assistance in the economic, social, cultural,
technical and scientific fields.

PERFORMANCE OF SAARAC FROM

ECONOMIC POINT OF VIEW:
Nominal GNI of member countries.
Per capita income of member countries.
intra regional trade(export) among member

countries.

PER CAPITA INCOME AND GNI FOR

SAARC COUNTRIES (FOR 2012):

REMARKS:
India has highest mean GNI value i.e. $

1856.2 billion.
Pakistan and Bangladesh are at second

number.
Majority of SAARC member countries are

having less GNI value.

PER CAPITA INCOME AND NOMINAL GNI

FOR ASEAN COUNTRIES (FOR 2012):

REMARKS:
Indonesia is at top in terms of mean GNI

value for given period.

Thailand is at second number.
Then Malaysia, Singapore and Philippines are

nearly at same point.

COMPARSION FOR GNI BETWEEN

SAARC & ASEAN COUNTRIES:

INTRA REGIONAL EXPORT AMONG

SAARC & ASEAN COUNTRIES IN BILLION
$ (1995-2012):

CONTINUE:
YEAR

SAARC

ASEAN

2003

5.62

116.58

2004

6.92

141.76

2005

9.11

165.40

2006

10.01

191.04

2007

11.95

217.29

2008

15.02

250.61

2009

11.64

198.93

2010

16.59

262.97

2011

20.09

310.40

2012

20.22

325.20

2013

23.18

329.70

REMARKS:
Huge difference in intra regional exports has

been observed from beginning .

ASEAN countries total export is much more
than SAARC countries total export.
For 2013 total intra regional export for SAARC
countries was $23.18 billion and for ASEAN
countries it was 329.79 billion.

REASON FOR FAILURE OF

SAARC:
Indo centric nature of region. India occupies

76% area, 77% of population of total south

Asia. This in return a sense of insecurity and
negative impact on other members.
Failure of SAFTA (south Asian free trade
agreement).

HOW SAARC CAN BE MADE

EFFECTIVE:
Member countries should set an open market,

lunching of single unit of money could also be good.

Conflicts should be resolved to decrease defense

budget so developmental expenses could be

increase.
Education should be provided serious attention.
Tourism can generate good revenue for some of

countries if it would be given better notice.