This publication is part of a joint research and policy project entitled “South Asia as a Dynamic Partner: Prospects for the Future” that brought together scholars and policy makers from South Asian countries for a dialogue on economic development in South Asia through the 1990s. The core of this eighteen-month multi-country, multi-institute project is a two-part research effort. Seven institutes collaborated on this project to analyse how South Asia’s recent growth has been affected by policy reform and how development prospects in the region are linked to further policy evolution as well as to increased regional interrogation and co-operation.