YAMAZAWA'S OPEN ECONOMIC ASSOCIATION: AN INDIAN OCEAN GROUPING FOR ECONOMIC COOPERATION

In: The developing economies: the journal of the Institute of Developing Economies, Tokyo, Japan, Band 35, Heft 1, S. 3-27

Abstract

With the landmark economic reforms in South Asia and political changes in South Africa, several issues concerning trade and investment have emerged within the Indian Ocean region and internationally. Following the concept of "open economic association" introduced by Yamazawa, the question examined in this paper is whether a market‐driven economic integration is emerging involving the Indian Ocean Rim countries.