Book Description

The growing acceptance of the economic liberalisation and globalisation polices has speed up the growth of international business. Now, global business has been extolled as the vital sources of economic growth everywhere in the world. For the past two decades, many international trade institutions and agreements have created to promote trade and business stimulating employment, economic prosperity and quality of lives. Deep trade agreements are institutional infrastructure for economic integration where two or more nations agree to cooperate and work closely together to achieve peace, stability and wealth. The economic groups are focusing more on to the intra-regional trade and investment liberalization, the potential effects of the same in their economic growth are well known in literature. Many publications have been come out to help educate others about economic integration and economic growth. The purpose of this book is to discuss specific cases from the emerging area of trade research and to form a link between theoretical developments and their application in practice. To be precise, the book links concepts, theories and frameworks of economic integration through the use of two cases ASEAN and BRICS, the two leading economic grouping at emerging market end. It highlights the important issues such as the export competitiveness, trade flows, economic growth, Foreign Direct Investments (FDI) and financial market development in the group. The appearance of trade agreements and its impact on competitiveness and economic growth deliver a meaningful learning experience. It includes empirical papers on asset valuations that will provide current thinking, research and business practice on topics that are important for many emerging markets forming trade groups. The book covers literature surveys that summarize academic research and connect the most relevant pieces from the evolving field of global business studies into a meaningful, coherent framework of analysis that would be attractive to the academicians and entrepreneurs in the related fields. The book definitely provides an inclusive presentation of trade research and the readers would find more utility with it as a reference book. However, the empirical analysis, which is administered in the research contains only some elementary statistics that expects to provide a solid foundation for the scholars to advance further in their future endeavours.