BRI and Xi’s Global Governance Initiative: An Expert Analysis
While delivering a keynote speech in the 25th SCO Annual Heads of the State Council Conference in Tianjin, the Chinese President Xi Jinping highlighted the “strategic significance” of the BRI due to which a large number of “landmark” projects have taken root.
Thus industrial investment cooperation has been “actively” promoted and regional development and prosperity have become more “dynamic.” On the other hand, SCO has become more developed, dynamic and productive achieving new skies of mutual trust, respect, openness, modernization, digitalization, AI and qualitative industrialization due to which member countries’ economies, communities and enterprises have become engine of growth gearing towards greater socio-economic integration, trans-regional connectivity, hybrid agriculture and multiculturalism.
On the other hand, equality, justice, rule of the law, effectiveness of the UN, other international organizations like WTO, WHO & UNHRC, immense rise to unilateralism, economic protectionism, severe violations of international engagements, norms and means have been the “hallmark” of today’s world because of the “untamed” whimsical policies of the West and its “blind” and “biased” support to its regional as well as international allies around the globe. Unfortunately, the UN has been further “marginalized” because of “undemocratic” composition, utility and scope of its leadership “eroding” the real essence of globalization, economic cooperation and peace and stability in the world. Thus Xi’s historic speech in the SCO is the first “giant” step towards achieving global equality, enhanced role of the developing countries and last but not least, further strengthening of the international system based on equality and........
© Pakistan Observer
