Publication

This report sketches the turbulent history of Kashmir from its de facto division in 1947 through the revolt of 1989–90 to 2004 and then explores the economic dimensions of the conflict and the economic opportunities for peacebuilding. The author argues that the governments of India and Pakistan, together with political leaders in Kashmir, must take the lead in promoting economic development, but states that they require the assistance of international financial institutions and of the US, which he sees as well placed to act not as a mediator but as a facilitator.