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Synopsis South Asian Regional Cooperation has become a reality now. The South Asian Association for Regional Cooperation has tried to keep pace with the forces of globalization and liberalization. It is true that as an institutional framework SAARC has been a significant development, yet it has not been able to give sufficient momentum to regional solidarity and development. SAARC has often been criticized as an institution following a go-slow approach. It has also been perceived as an ineffective institution. What have been the major challenges and constraints before SAARC? What are the possible remedies and way outs? How is the expansion of SAARC going to help it? What are the problems and prospects of SAFTA? The issues relating to regional stability and peace are equally important in the context of consolidation of regional cooperation in South Asia. The problem of terrorism, India-Pakistan tangle, inter-state conflicts, etc. have proved to be major obstacles to the progress of SAARC. What can be the remedies to these and other such problems? These are some of the issues that have been analyzed in depth in this volume. The book will be useful to students, scholars and the common readers.