A Shift of Global Political Economy to Asia: Case Study of RCEP
The year 2020 has proven to be quite a resounding for global politics has undergone radical and significant changes leaving deep imprints on the geopolitical landscape of central power politics. This year the COVID-19 pandemic wreaked havoc, bringing about unprecedented scales of bars on the pace of globalization. The U.U.U.ithdrew from Afghanistan after nearly two decades of a bloody war on terror. China consolidated its rise as a new hegemon in the shape of a Regional Comprehensive Economic Partnership. The decreasing influence of the USA has provided China with ample opportunity to register itself as the new rising hegemon of the world. However, it has already established itself as a dominant player on the chessboard of Asian politics. The consolidation of RCEP as a new emerging economic bloc has cautioned the west of its diminishing influence and shrinking markets. It has opened up many prospects for South Asian countries, especially India and Pakistan, to embark upon a trade boom economic development depending on their choice of joining it.
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China, RCEP, USA, Pakistan, India, Asia, World Politics, Regional Integration, Bloc, The Geopolitical Landscape
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(1) Mariam Tahir
Lecturer, Peace and Conflict Studies, National University Of Modern Languages (Numl), Islamabad, Pakistan.
(2) Ashfaq Ahmad
Lecturer, Peace and Conflict Studies, National University Of Modern Languages (Numl), Islamabad, Pakistan.
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Cite this article
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APA : Tahir, M., & Ahmad, A. (2022). A Shift of Global Political Economy to Asia: Case Study of RCEP. Global Economics Review, VII(I), 20 - 30. https://doi.org/10.31703/ger.2022(VII-I).03
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CHICAGO : Tahir, Mariam, and Ashfaq Ahmad. 2022. "A Shift of Global Political Economy to Asia: Case Study of RCEP." Global Economics Review, VII (I): 20 - 30 doi: 10.31703/ger.2022(VII-I).03
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HARVARD : TAHIR, M. & AHMAD, A. 2022. A Shift of Global Political Economy to Asia: Case Study of RCEP. Global Economics Review, VII, 20 - 30.
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MHRA : Tahir, Mariam, and Ashfaq Ahmad. 2022. "A Shift of Global Political Economy to Asia: Case Study of RCEP." Global Economics Review, VII: 20 - 30
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MLA : Tahir, Mariam, and Ashfaq Ahmad. "A Shift of Global Political Economy to Asia: Case Study of RCEP." Global Economics Review, VII.I (2022): 20 - 30 Print.
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OXFORD : Tahir, Mariam and Ahmad, Ashfaq (2022), "A Shift of Global Political Economy to Asia: Case Study of RCEP", Global Economics Review, VII (I), 20 - 30
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TURABIAN : Tahir, Mariam, and Ashfaq Ahmad. "A Shift of Global Political Economy to Asia: Case Study of RCEP." Global Economics Review VII, no. I (2022): 20 - 30. https://doi.org/10.31703/ger.2022(VII-I).03