International Journal of Multidisciplinary Research and Development

International Journal of Multidisciplinary Research and Development


International Journal of Multidisciplinary Research and Development
International Journal of Multidisciplinary Research and Development
Vol. 4, Issue 7 (2017)

Convergence or divergence: An analysis of regional disparities in South Asian countries


Dr. Laxmi Narayan

History of development and progress has seen divergence and convergence across regions both between countries and within the country throughout the history. The widespread regional disparity is an important economic and political issue. The forces of globalisation are expected to reduce the gap between rich and poor regions thereby reducing the disparities considerably due to overwhelming impetus of convergence forces. Many studies have studied the trends and patterns of regional convergence and divergence. South Asia has an important place in various regions of the world as it is home to around 24 percent of world population and it is both the most populous and the most densely populated geographical region in the world. The current territories of Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, India, Pakistan, and Sri Lanka form the countries of South Asia. In recent periods South Asia has been second largest growing region of the world but it is home to the largest number of people living amid poverty with widespread under-nutrition and other health related degradations. The present paper analysed inter-country disparities in the south Asian countries. The aim is to study the trends in various indicators of social and economic development with a view to identify the possible impacts of these divergences and convergences. Theoretically, a divergence in poverty and poor social outcomes would indicate that poor regions are trapped in low-level equilibrium traps. The paper analyses data obtained from World Bank data indicators and estimated convergence and divergence trends in various indicators. The paper found high level of regional disparity derived on the basis of both nominal GDP and per capita GDP.
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How to cite this article:
Dr. Laxmi Narayan. Convergence or divergence: An analysis of regional disparities in South Asian countries. International Journal of Multidisciplinary Research and Development, Volume 4, Issue 7, 2017, Pages 436-443
International Journal of Multidisciplinary Research and Development