When It Comes to One Belt One Road, Should We Fight or Learn From China?


Come May 14-15, China will be hosting the One Belt One Road (OBOR) forum meet in which India has decided not to participate. India’s decision to not participate is seen as a protest against China building the China-Pakistan economic corridor (CPEC), part of which passes through disputed land in Kashmir. Politics apart, the decision to not be part of a greater economic partnership like this one does not make much sense. In fact, in this age of paradigm shifts when world trade is growing more slowly than the world’s GDP and most developed countries are turning protectionist, it make sense to formulate policies that will help increase international trade. As the Chinese experience has shown, trade can be a powerful instrument for lifting millions out of poverty. Indian policymakers should learn how to make the most of an open economic policy from Chinese policymakers. To understand the why and what of China’s OBOR policy, we will have to go back a few years. Read More…

 

Credit By: The Wire

You may also read!

India-Afghanistan To Showcase Economic Bonds In Trade Show

Cultivating and nurturing strong economic bonds between countries is a foundation that offers a bounty of benefits for each

Read More...

Afghan Leader Abdullah Abdullah To Visit India, Meet PM

The Chief Executive of Afghanistan Dr. Abdullah Abdullah will be visiting India on from September 27.

Read More...

Jammu And Kashmir: DGP SP Vaid Addresses Police Darbar, Says Together We Will Take Fight Against Drugs, Terrorism To Next Level

Director General of Police Dr SP Vaid, accompanied by IGP Kashmir Munir Ahmad Khan today visited Pulwama and Shopian,

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu