South & Central Asian Economic Forum (SCAEF)

Abstract

To develop an economic forum in South and Central Asian region is possible if the underlying various environmental, political and regional conflicts are solved, which makes the economic cooperation and integration near to impossible. The western countries are now eyeing the Asian countries where population is abundant which can be targeted as customers. There is still prevalence of recession in certain areas but Asian countries are far less affected by this factor, it can be a connecting line for global players to enter this region for trade and investments. The trade barriers and sanctions also hinder the road to economic integration in the region. However based on personal analysis of different factors, economic integration may exist on certain consensus and initiative from strong players. The basic underlying objective of this concept paper is to develop a model which works on the rule of assembling the neighbors and start a multilateral process of economic integration. The success of this forum can be assumed for connecting line for establishing common institutions for economic integration e.g Common Central Bank, Basket Currency for the region etc.