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This book examines the strategic and economic logic behind the Bangladesh–China–India–Myanmar (BCIM) Regional Cooperation. According to estimates, BCIM covers approximately 9 percent of the world’s mass and 40 percent of the world’s population spanning across four countries, constituting the confluence of East, Southeast and South Asia. It contributes about 13 percent to world trade but ironically only 5 percent to inter-regional trade. This volume compares the various approaches to cooperation – trade-led vs project-led, geo-political vs geo-strategic, Sino-centric vs India-led. The chapters explore the complex interplay of geo-economics and geo-politics associated with BCIM sub-regional cooperation in general, and the BCIM Economic Corridor (BCIM-EC) in particular. It points to the current challenges that impede globalisation and economic growth, and critically reviews implications for the stakeholders, institutional frameworks and the spatial impact of the Corridor, especially on the underdeveloped regions. The book discusses the geo-political, geo-economic and geo-strategic advantages that will accrue to the member countries once the sub-regional cooperation becomes fully functional. It advocates the adoption of best practices from similar sub-regional groupings across the globe. This book will be of great interest to scholars and researchers of politics and international relations, geo-politics, strategic studies, sub-regional cooperation, South Asian studies, India–China relations, foreign trade and economics, besides those dealing with foreign policy and development cooperation. It will especially benefit policymakers, development agencies and strategic think tanks.
This collaborative volume​ discusses the One Belt One Road, or the New Silk Road, initiative of Chinese President Xi Jinping from the perspectives of the Belt and Road countries. This initiative has been viewed as a re-globalization drive by China in the backdrop of financial crisis of the West and the latter’s increasingly protectionist tendencies of late. Rather than ‘rebalancing’ towards a certain region, this is supposed to be China’s ‘global rebalancing’ aimed at inclusiveness and a win-win partnership. The initiative has raised hopes as well as suspicions about China's goals and intentions; that is, whether this is in sync with China’s foreign policy goals, such as multipolarity, no hegemonic aspirations, and common security, or if this is an antidote to the U.S. foreign policy goals in the region, and China’s ambition to realizing its long-term vision for Asian regional and global order. In this volume, a galaxy of eminent academics from India, China, Pakistan, Uzbekistan, Germany and Southeast Asia have critically analysed every aspect of this mammoth project, including the six major economic corridors identified by China for policy coordination, infrastructure connectivity, unimpeded trade, monetary circulation, and people to people exchanges. The authors have interpreted China’s peripheral, regional as well as global diplomacy both over land and sea. This topical volume is of interest to scholars and students of Asian studies, China studies, Asian history, development studies, international relations and international trade.
In recent decades, Asia’s ascent has been contextualized as the rise of two major neighboring countries in Asia – India and China. Besides voluminous work on the prospects and convergences between the two, currently they stand at an intersection of time where suspicion and mistrust veils the confidence. A degree of uncertainty arises from the more profound paradoxes, and India has been falling short in escaping the tailspin China has created in the bilateral, regional and global economic dynamics. India’s China relations is not just about boundaries and boycott of Chinese products. The root of the relationship lies in deficiency of trust, knowledge, and repository of experts on China. To deal with India’s China Tailspin effectively, one must know and comprehend China thoroughly. This book brings out several aspects of India’s political-economic relations with China on the table. The book underlines the fact that while leveraging China’s inherent contradictions, India has to deleverage from China’s subtle global aspirational designs of domination. Besides analyses on leadership, state capitalism, and geo-economics, the book describes special cases such as the Trade War, Structural Conflicts in Chinese Political Economy, Bangladesh-China-India-Myanmar Economic Corridor, WTO negotiations, Maritime trade, Belt and Road Initiative, and Taiwan to better elaborate the stakes involved in dealing with China. The recent boundary tension created a long tailspin, which in turn set off a raucous debate over China’s economic diplomacy and how India could comprehend it well. Please note: Taylor & Francis does not sell or distribute the Hardback in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka.
The economic corridor approach was adopted by the Greater Mekong Subregion (GMS) countries in 1998 to help accelerate subregional development. The development of economic corridors links production, trade, and infrastructure within a specific geographic area. The review of these corridors was conducted to take into account the opening up of Myanmar and ensure that there is a close match between corridor routes and trade flows; GMS capitals and major urban centers are connected to each other; and the corridors are linked with maritime gateways. The review came up with recommendations for possible extension and/or realignment of the corridors, and adoption of a classification system for corridor development. The GMS Ministers endorsed the recommendations of the study at the 21st GMS Ministerial Conference in Thailand in 2016.
Chinese President Xi Jinping announced the Belt and Road Initiative (BRI) in 2013, a development strategy involving infrastructure development and investments in countries in Europe, Asia and Africa. It has rapidly turned into action, reflected in the establishment of a series of international cooperation mechanisms, landing of cooperation projects, and harvest of some early results. The influence is huge, and controversy is not unexpected. As one of the most frequently mentioned concepts in the official media, how does the “bid to enhance regional connectivity” construct a unified large market through cultural exchange and integration in practice? What is the status quo of building an innovative pattern with capital inflows, talent pool, and technology database? Routledge Handbook of the Belt and Road is an initial review of the theory and practice of BRI, and is the first handbook of its kind. Contributors are leading subject researchers, aiming to reflect the original intentions and principles, history and current situation, basic knowledge and latest studies. A total of 117 entries related to the BRI have been included, organised into 12 clear parts covering the following key topics: • China’s reform and opening-up and formation of the BRI • Backstory, concept and framework • The five roads and six economic corridors • Foreign affairs with Chinese characteristics • International action plans relevant and similar to the BRI • Case studies of the BRI implementation and promotion Routledge Handbook of the Belt and Road is an essential guide for researchers, practitioners and observers involved in the BRI construction. Global think tanks, media practitioners and universities will also find the book a useful reference.
This volume captures the success of India’s Look East Policy (LEP) in promoting economic engagement with neighbouring countries in Asia and simultaneously its limitations in propelling growth in the bordering North Eastern Region — India’s bridge head to South East Asia. It analyses the instrumental role of LEP in bringing a tectonic shift in India’s foreign trade by redirecting the focus from the West to the East, thus leading to a fundamental change in the nature of India’s economic interdependence. Besides discussing foreign trade, it expounds as to how LEP made India play an important role in the emerging Asian security architecture and liberated Indian foreign policy from being centred on South Asia. The essays also enumerate the reasons for LEP’s failure in the North Eastern Region and chart out actionable programmes for course correction that might be factored into its latest edition — the Act East Policy. This book will interest scholars and researchers of international relations, international trade and economics, politics, and particularly those concerned with Northeast India.
India is known as a leading voice in international affairs. India's economic size, vast and growing market, democratic institutions, access to ocean and foundation of science largely explain why India continues to play an important role in global and regional affairs. India is the only country in Asia having the heft to counterbalance China and thus welcomed by many countries in Asia and the Pacific. India has embarked on a period of radical changes in its foreign and economic policies. Faced with a major slowdown of India's trade with Southeast and East Asia in 2014-15, the government responded by initiating far-reaching Act East Policy (AEP) aimed at greater economic integration with South, Southeast and East Asian nations. Started with a fresh vigour in 2014, AEP has gained a new momentum while acting on the east. The Act 'East' is now getting transformed into Act 'Indo-Pacific'. This book presents short essays written by the author on several key aspects of India's economic relations and the challenges faced by India in the post-AEP period. Ten broad themes are analysed in this book: BBIN, BIMSTEC, SAARC, ASEAN, MGC, Act East - North East, BCIM, BRI, Act Far East and Indo-Pacific. This volume highlights what, in author's best judgement, should be the direction for India's expanding neighbourhood. It is an economist's insight and field experience based analysis that offers guidelines for international cooperation. This volume is an invaluable companion for the policymakers, academia, students of international relations, diplomats and the general readership as well. India's foreign policy started attracting renewed global attention since the beginning of the economic reforms in 1991 which led to the gradual opening of the Indian economy. India's trade has expanded manifold and today contributes over 40 per cent of its GDP, as compared about 3 per cent before. In PPP terms, India is the world's one of the top five largest economies. Clearly, the world expects India to play a larger role, commensurate with its size and growing power. In rising protectionism worldwide, countries, particularly developing and LDCs are looking towards a greater regional cooperation.
This book provides a comprehensive evaluation of India's multi-faceted relations with Myanmar. It unravels the mysteries of the complex polity of Myanmar as it undergoes transition through democracy after long military rule. Based on meticulous research and understanding, the volume traces the trajectory of India–Myanmar associations from ancient times to the present day, and offers a fascinating story in the backdrop of the region’s geopolitics. An in-depth analysis of ‘India–Myanmar–China Triangle’ brings out the strategic stakes involved. It will be of great interest to researchers and scholars of international relations, peace and conflict studies, defence and strategic studies, politics, South and Southeast Asian studies, as well as policy-makers and political think tanks.
This book examines the strategic and economic logic behind the Bangladesh-China-India-Myanmar (BCIM) Regional Cooperation. According to estimates, BCIM covers approximately 9 percent of the world's mass and 40 percent of the world's population spanning across four countries, constituting the confluence of East, Southeast and South Asia. It contributes about 13 percent to world trade but ironically only 5 percent to inter-regional trade. This volume compares the various approaches to cooperation - trade-led vs project-led, geo-political vs geo-strategic, Sino-centric vs India-led. The chapters explore the complex interplay of geo-economics and geo-politics associated with BCIM sub-regional cooperation in general, and the BCIM Economic Corridor (BCIM-EC) in particular. It points to the current challenges that impede globalisation and economic growth, and critically reviews implications for the stakeholders, institutional frameworks and the spatial impact of the Corridor, especially on the underdeveloped regions. The book discusses the geo-political, geo-economic and geo-strategic advantages that will accrue to the member countries once the sub-regional cooperation becomes fully functional. It advocates the adoption of best practices from similar sub-regional groupings across the globe. This book will be of great interest to scholars and researchers of politics and international relations, geo-politics, strategic studies, sub-regional cooperation, South Asian studies, India-China relations, foreign trade and economics, besides those dealing with foreign policy and development cooperation. It will especially benefit policymakers, development agencies and strategic think tanks.