Search

The world and international trade may learn much from China's remarkable economic rise in recent decades. The 21st century is increasingly called the ‘Asian Century’ due to China's substantial impact on regional trade organisations, including the EU, NAFTA, SAARC, and ASEAN. Through investments in infrastructure, economic integration, and technical cooperation, China's trading model, defined by bilateral and multilateral agreements, has changed the nature of regionalism. Initiatives such as the Belt and Road Initiative (BRI) have improved commerce and connectivity, which has promoted collaboration and economic progress. China's involvement in the region has aided development and sparked worries about intellectual property, trade imbalances, and geopolitical problems. This research looks at the economic advantages and geopolitical difficulties of China's trade policies and how regionalism will develop in the face of China's expanding power. Bibliography Entry Rashied, Haroon Ur and Aziz Ur Rahman. 2024. "China’s Economic Growth and Its Impact on Regionalism." Margalla Papers 28 (2): 50-62.

The paper would try to look at the India-China relations of cooperation within BRICS framework. A comparison of this stance with India and China in power struggle Asia would form another part of the paper. India has opened up new platforms on either side of the subcontinent such as Bay of Bengal Initiative for Multi Sectoral Technical Cooperation, Chabahar port project as well as joined Shanghai Cooperation Organization as its means of outreach. This has all been a part of India’s changing role in Asia. However, it must be also kept in mind that there is a China-Pakistan angle to it. A battle for power and influence has been there in the region of South Asia even before the pandemic. Now post covid19 scenario as the western world shrinks and the power fulcrum shifting towards Asia with USA pivot to Asia program as well as the geo-political tensions between USA and China coming up there is a new role for South Asia right now. The paper would like to understand these scenarios with an eye on India-China relations in a cooperative competition relationship scenario. On one side of the paper the joint role of India-China in BRICS framework would be looked at against the Indo-Pacific Asian power struggle.

The Asian Century will commence in 2020 when Asia will produce more than half of the global wealth. Latin America and the Caribbean do not seem adequately prepared to navigate in this new global reality. This article aims to contribute with a better understanding of the role played by Asia as promoter of economic development in Latin America and the Caribbean by conducting a comparative analysis of the approaches used by Japan and China to engage with the region. The study is conducted using an analytical framework borrowed from International Economic Law. The main argument develops in this paper is that Japan has used formal or hard law instruments to engage with the region. In contrast, China has employed an eclectic platform that combines hard law instruments as well as soft law mechanisms, that allow the Asian giant to interact with its Latin American and Caribbean partners in more direct ways and without the interference of other global powers.

The article deals with problems of the world civilization, which, in the author’s opinion, are key in the era of transition to a new economy. Special attention is paid to the agriculture of the least developed countries relating to the assessment of environmental progress; in these countries, the increase in labor productivity is impossible without the growth of professional education of rural residents, and the transfer of new agricultural technologies to the uneducated population is ineffective. The contribution of the Asian countries to the world development is considered. They need a radical reduction in the intensity of energy and natural resources use to improve the quality of life of the population. The fate of the 21st century economy of the relates to the ageing and the solution of the problem of qualitative improvement of the social services system for the elderly population. The important problems of the global economy include the issues of labor for care. The possibilities of accounting for unpaid care work in the System of National Accounts and national estimates of the contribution of such labor to the GDP of a few countries are examined. It is concluded that the introduction of automatic indexation of retirement age is unfruitfulness in accordance with the increase in life expectancy and the conclusion about pension savings as the most important source of long-term capital.

Since the eighties, the centre of the international system’s economic, political and cultural power has shifted from the West towards Asia-Pacific. Countries such as China and India are consolidating themselves as economic powers seeking new routes for investment flows and development cooperation. The positions of Africa and Latin America in this process have been little studied. This is the objective of this issue: to investigate – in the context of Asian expansion and investment (above all that of China) – the extent to which the two regions maintain bilateral relations (cooperative and/or competitive) and may be able to formulate their own development and foreign policy initiatives. The articles in this issue pay particular attention to South-South cooperation between Latin America and Africa and include underexplored aspects such as migration patterns and the competition between China and regional powers such as Brazil and South Africa.