Archives Economic development - Page 21 of 35 - New Eastern Outlook

For the last few years, Pakistan has shifted its foreign policy from the one based on geopolitics to the one based on geo-economics. A long history of terrorism, political turbulence, and economic instability, caused by Pakistan’s involvement in regional conflicts, were the key drivers behind this shift in the foreign policy outlook of the nation. The decision was announced in Pakistan’s first-ever National Security Policy (NSP) document in December 2021…

Expanding Chinese influence across three continents through the Belt and Road Initiative (BRI) has perturbed its regional and global rivals, India and the United States. The Western bloc – led by the United States – launched the India-Middle East-Europe Economic Corridor (IMEC) at the G20 summit held in New Delhi on 10^th September 2023. The UAE, Saudi Arabia, India, the European Union, Italy, the United States, France, and Germany are part of this project and have signed the memorandum of understanding (MoU) for building this 4800 km long trade route…

In today’s world, tensions in international relations have risen sharply, with the US and its allies doing all they can to maintain their dominance and gain positions in the economy. Neo-colonial exploitation has led to the accumulation of enormous wealth in the West at the expense of developing countries. The world has faced several crises. First a pandemic hit our wallets, then a geopolitical conflict, natural disasters…