As India and China resolve their border dispute, Asia is providing the multilateral alternative to a world divided by values, and no longer by ideology. Analyse (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· China, in 2013, after attaining 15% of global wealth, announced the multilateral Belt and Road Initiative (BRI) and in 2014, launched the Asian Infrastructure Investment Bank, challenging the global governance paradigm.
· In 2015, emerging India established the International Solar Alliance, laying out a distinct global sustainable development framework.
Potential of BRI
· The BRI provides a strategic framework for new global institution building as its scope is as wide as multilateral treaties.
· With the speed and scale of such change, rising Asia remains wary of China and is eager, as is China, that India joins the Regional Comprehensive Economic Partnership, poised to become the world’s largest trading bloc because of the huge Indian market.
· The recent India-China Summit on boundary issues resolved to work out a “framework on a roadmap to a final solution on border issues”
· India has rejected American opposition to Huawei taking part in 5G trials. The Indian government has allowed all applicants, including Huawei Technologies Co. Ltd, to participate.
Implications
· Clearly, the U.S., China and India will retain their civilisational models into the future.
· In Asia, differences will centre on overlapping priorities security (the U.S.’s efforts to maintain hegemony), economic (China’s emphasis on connectivity, markets and growth) and equitable sustainable development (India-led framework of digital infrastructure designed as a public good).
· Asia, and Africa, former colonies with conditions closer to India than to China, are waiting for late-comer India, a civilisational state like China, to lay out its vision of a digital, cooperative, sustainable multilateral strategic framework to complement the frameworks of the other two powers.
Shivangi 5 years
Please review.
IAS Parliament 5 years
Good attempt. Keep Writing.
Shantanu tiwari 5 years
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IAS Parliament 5 years
Good attempt. Keep Writing.
HB 5 years
Please review
IAS Parliament 5 years
Avoid writing names in the answer and try to include more about BRI. Keep Writing.
