Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/sage/bcim-economic-corridor-an-integral-part-of-bri-for-regional-C5njaLeXtG
- Publisher
- SAGE
- Copyright
- © 2021 SAGE Publications
- ISSN
- 2347-7970
- eISSN
- 2349-0039
- DOI
- 10.1177/23477970211017732
- Publisher site
- See Article on Publisher Site
Abstract
China proactively wants to establish the Bangladesh-China-India-Myanmar Economic Corridor (BCIM-EC) as an integral part of the Belt and Road Initiative for economic cooperation. Through the BCIM-EC, China wants to revive the ancient Southern Silk Road trade route. Beijing realises that to achieve the BCIM-EC, India’s cooperation would be indispensable. India has been hesitant to fully commit to the BCIM-EC owing mainly to the surging trade deficit with China, overlapping of objectives with other similar existing regional cooperation initiatives, China’s dominance in South Asia, security concerns, territorial disputes and trade-related logistic issues. However, in recent times, India has shown more interest in developing the economic corridor considering its potential to promote development, security and stability in the Indian Northeast, which would align well with the geostrategic objectives of India’s Act East Policy (AEP). India however needs to better align its AEP with BCIM-EC in order to promote and strengthen the AEP and thereby concurrently build the BCIM-EC to link Southeast Asia and China.
Journal
Journal of Asian Security and International Affairs – SAGE
Published: Aug 1, 2021