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| 1 |
ID:
190750
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| Summary/Abstract |
The underdevelopment of Northeast India is quite often explained in terms of economic isolation primarily on account of its geographical peripherality. To address this challenge, a new imagination, through the Look (Act) East Policy has been proposed. This approach, makes India’s Northeast the centre of a unified economic, physical and social space through its integration with the trans-border neighbouring regions. In this article, an attempt has been made to examine the logic of developing an ‘extended Northeast’ and how it has been sought to be realized. The article argues that the actualization of this proposed integrated space is ridden with serious difficulties and the internal fragmentation of Northeast India and the exceptional rules and administrative arrangement that are in place in the region along with the geopolitical compulsion of India may act as significant barriers in this regard. And most importantly there are apprehensions that the proposed integrated space may lead to the appropriation of resources of the Northeast by the corporate houses without benefiting the people of the region.
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| 2 |
ID:
193239
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| Summary/Abstract |
The government as well as a large section of experts claimed that the Look (Act) East Policy (LEP) could become an instrument of economic development for Northeast India through the expansion of trade and investments to the East and Southeast Asian countries. The claim is not only due to the strategic location of Northeast India but also to the abundant resources and potential for trade in the region. In this light, the present paper examines the achievements of Northeast India in terms of expansion of trade and investments during three decades of the LEP. The paper argues that the policy has failed to augment exports and also could not contribute to the economic development of the region as the region still continues to decelerate in socio-economic parameters, largely depending on central grants and aid. Moreover, Northeast India could attract a negligible amount of foreign direct investment even after three decades of economic reforms and the LEP. Finally, the paper also made a reality check of the ‘export-led growth’ strategy for the region, especially under the aegis of Act East Policy, given the stress on ‘connectivity’ development projects with South Asia, East Asia and Southeast Asia, where Northeast India is centrally located.
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