Moving toward global governance through the Belt and Road Initiative: how the global axis is shifting from west to east

by Belt and Road Initiative Japan Research Center,Tokyo,Japan | Author(s) : Shindo Eiichi | 2023-12-20 09:30:00

The world is witnessing a transformation of the global order from Pax Americana to Pax Asiana with the twenty-first century Information Revolution. The Belt and Road Initiative (BRI) has played a historic role through the COVID-19 pandemic and the Ukraine War. Key components needed to complete the transformation include the creation of the Asian community, which is based on human mobility and increasing inbound tourism in particular, closer connectivity between the BRI and Regional Comprehensive Economic Partnership (RCEP), and the introduction of the “Peking accord” system into the BRI regime, to verify the national debts of nations engaged and invested in BRI projects. The triad of major powers in East Asia should facilitate progress in regional cooperation to promote peace and prosperity through cooperative diplomacy, resulting in a shift toward the emerging Pax Asiana. 

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Moving toward global governance through the Belt and Road Initiative: how the global axis is shifting from west to east

by Belt and Road Initiative Japan Research Center,Tokyo,Japan | Author(s) : Shindo Eiichi | 2023-12-20 09:30:00

The world is witnessing a transformation of the global order from Pax Americana to Pax Asiana with the twenty-first century Information Revolution. The Belt and Road Initiative (BRI) has played a historic role through the COVID-19 pandemic and the Ukraine War. Key components needed to complete the transformation include the creation of the Asian community, which is based on human mobility and increasing inbound tourism in particular, closer connectivity between the BRI and Regional Comprehensive Economic Partnership (RCEP), and the introduction of the “Peking accord” system into the BRI regime, to verify the national debts of nations engaged and invested in BRI projects. The triad of major powers in East Asia should facilitate progress in regional cooperation to promote peace and prosperity through cooperative diplomacy, resulting in a shift toward the emerging Pax Asiana. 

Click here for more content.