Year: 2024
Type: article
Abstract: The region of the Asia-Pacific is still the arena of competition between two leading world superpowers – the United States and China. This specifically concerns economic rivalry, military deployment, and political schemes whose goal is to produce hegemony. This rivalry does not only affect the two superpowers; it has powerful consequences for regional allies such as Pakistan. Pak lies in the middle of China and the US; it has, therefore, a direct impact on the changing dynamics of China and the United States. The United States has formed alliances and military deployments and offered economic programs such as the "Free and Open Indo-Pacific." On the other hand, China is expanding the Belt and Road Initiative (BRI) of investment in regional infrastructure based on an example of the China-Pakistan Economic Corridor (CPEC). The paper highlights the fact that Pakistan requires a purposeful and multifaceted foreign policy with both superpowers without getting trapped in the rivalries of the superpowers. It is by diversifying the economic relations, deepening and strengthening the cooperation with the neighboring countries, and participating in the multilateral formats, including SCO, that Pakistan wants to minimize threats as well as maximize the benefits of over-reliance.
Author: Muhammad Bilal Zafar
Institution: University of Management and Technology
Language: English
Topic: Belt and Road Initiative
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408205298