Political Economy of Trade in BIMSTEC: A Contemporary Perspective

IF 1.3 Q1 AREA STUDIES

Millennial Asia Pub Date : 2022-06-22 DOI:10.1177/09763996221096328

Reena Marwah, S. Ramanayake, Lailufar Yasmin

引用次数: 0

Abstract

BIMSTEC has completed more than two decades of its existence, with 2022 marking the regional grouping’s 25th anniversary. In this article, we study the nature and evolution of BIMSTEC, as we discuss and analyse the nature of intra-regional trade, with a focus on BIMSTEC member countries’ trade with India and China. We also highlight the political challenges and hindrances to increasing intra-regional trade. The China factor and its expanding footprint among these countries is analysed. The article concludes with suggestions and unique pathways that BIMSTEC can emphasize in creating a common identity, that is, focusing on connectivity and improved logistics as well as establishing a BIMSTEC university for exchange of ideas and building trust. The article fills the existing gap in the literature by comparing India and China’s trade with BIMSTEC countries, emphasizing the creation of the soft power appeal of BIMSTEC to make it a more viable regional organization.

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BIMSTEC贸易政治经济学的当代视角

BIMSTEC已经成立了20多年，2022年是该地区集团成立25周年。在本文中，我们研究了BIMSTEC的性质和演变，同时讨论和分析了区域内贸易的性质，重点是BIMSTEC成员国与印度和中国的贸易。我们还强调了增加区域内贸易的政治挑战和障碍。分析了中国因素及其在这些国家中不断扩大的足迹。文章最后提出了BIMSTEC在创建共同身份时可以强调的建议和独特途径，即专注于连通性和改善物流，以及建立一所BIMSTEC大学以交流思想和建立信任。本文通过比较印度和中国与BIMSTEC国家的贸易来填补文献中存在的空白，强调创造BIMSTEC的软实力吸引力，使其成为一个更可行的区域组织。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Millennial Asia AREA STUDIES-

CiteScore

4.50

自引率

12.50%

发文量

期刊介绍： Millennial Asia: An International Journal of Asian Studies is a multidisciplinary, refereed biannual journal of the Association of Asia Scholars (AAS)–an association of the alumni of the Asian Scholarship Foundation (ASF). It aims to encourage multifaceted, multidisciplinary and interdisciplinary research on Asia, in order to understand its fast changing context as a growth pole of global economy. By providing a forum for Asian scholars situated globally, it promotes dialogue between the global academic community, civil society and policy makers on Asian issues. The journal examines Asia on a regional and comparative basis, emphasizing patterns and tendencies that go beyond national borders and are globally relevant. Modern and contemporary Asia has witnessed dynamic transformations in cultures, societies, economies and political institutions, among others. It confronts issues of collective identity formation, ecological crisis, rapid economic change and resurgence of religion and communal identifies while embracing globalization. An analysis of past experiences can help produce a deeper understanding of contemporary change. In particular, the journal is interested in locating contemporary changes within a historical perspective, through the use of interdisciplinary and multidisciplinary approaches. This way, it hopes to promote comparative studies involving Asia’s various regions. The journal brings out both thematic and general issues and the thrust areas are: Asian integration, Asian economies, sociology, culture, politics, governance, security, development issues, arts and literature and any other such issue as the editorial board may deem fit. The core fields include development encompassing agriculture, industry, regional trade, social sectors like health and education and development policy across the region and in specific countries in a comparative perspective.