Of late there is a wide recognition among policy makers and economists of the region that the main stumbling block for economic development of the Northeastern region is the disadvantageous geographical location. The coming of globalization propagates deterritorialisation and a borderless world which is often associated with economic integration. With 98 percent of its borders with China, Myanmar, Bhutan, Bangladesh and Nepal, Northeast India has better scope for development in the era of globalization. As a result, a new policy developed among intellectuals and politicians that one direction the Northeastern region must be looking to as a new way of development lies with political integration with the rest of India and economic integration with the rest of Asia, with East and Southeast Asia in particular as the policy of economic integration with the rest of India did not yield much dividends. With the development of this new policy the Government of India directed its Look East policy towards developing the Northeastern region. This policy is reflected in the Year End Review 2004 of the Ministry of External Affairs, which stated that: “India’s Look East Policy has now been given a new dimension by the Government. India is now looking towards a partnership with the ASEAN countries, both within BIMSTEC and the India-ASEAN Summit dialogue as integrally linked to economic and security interests, particularly for India’s East and North East region.”
Posted on: Mon, 10 Mar 2014 19:06:02 +0000
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