In: Economics
How we can relate the failure of SAARC ( South Asian association regional corporation) with the Classical veiwpoint of Adam Smith?
The SAARC was founded in Dhaka on 8 December 1985. Its
secretariat is based in Kathmandu, Nepal. The organization promotes
development of economic and regional integration. It launched the
South Asian Free Trade Area in 2006. The SAARC maintains permanent
diplomatic relations at the United Nations as an observer and has
developed links with multilateral entities, including the European
Union.Disappointed by the failures of South Asian Association for
Regional Cooperation (SAARC) in meeting expectations of its eight
country group, the South Asian Speakers' Summit has called for a
cohesive role of the members to address their issues.
The leaders said SAARC could have played better role than certain
groups like European Union and African Union as the South Asian
countries were looking forward to a broader picture for the group
where they could have SAARC Central Bank or common currency apart
from common platform to discuss issues like unemployment and
health.
It is unlikely that Huntington himself could have foreseen either
the
rapidity or extent of religion’s rise to prominence in world
affairs. He
had warned, of course, that Islam had especially bloody borders;
but
that the rough outlines of a global fault line war pitting the
West
against the Islamic world, or at least against its most refractory
components, would be in place less than a decade hence was
clearly
beyond anyone’s powers of prophecy.
Islamic militancy was already a burning issue in much of the
world
by the end of the twentieth century. In late 2001, it quite
unexpectedly hurtled to the top of the world threat list, driven
there by the terrorist attacks on New York and Washington and the
subsequent
launching of the global war on terrorism. The humiliating defeat
of
Baathist-ruled Iraq by American-led coalition forces in April
2003
seemed bound to keep it there. Notwithstanding strenuous efforts
in
this period by numerous national leaders and a host of
intellectuals to
draw a clear distinction between Islam as a major and humane
world
religion and Islam as a cloak for politically motivated terrorist
violence, the temptation to dilute the distinction has faced
increasingly less resistance. Indeed, there was some danger that a
“clash of civilizations” of some sort was no longer mere
abstraction.
Religion’s rise in salience was especially visible in world public
opinion, where stunning changes in perceived threat seemed to
confirm Huntington’s postulated refashioning of the world
order.