Globalization 2.0

Professor Peter Drysdale of Australian National University believes the initiative is more than a growth engine for the global economy.

“It is not only a very important element in stimulating trade growth and economic recovery but also in pushing back against the forces of anti-globalization in the Atlantic region,” Drysdale told Chinafrica.

He sees the initiative as a framework for deepening international economic cooperation through a platform of open regionalism. This platform promotes economic integration by strengthening policy, infrastructure, trade, financial and people-to-people connectivity. “This is critical at a time when the open global economic regime is under challenge,” Drysdale stressed.

Since the international financial crisis in 2008,