The International Institute for Science, Technology and Education (IISTE)
Abstract
This study is designed to address the following the question: what are the problems and prospects of the Bangladesh-China-India-Myanmar(BCIM) Economic Corridor? This paper is a timely research effort, because the BCIM economic corridor has special economic and geopolitical implications in the context of China’s global emergence. Various Studies suggest that the economic rise of China is a global reality. Therefore, there are enormous potentials in developing cooperative relations and investment atmosphere for greater regional integration. The successful operation of the corridor might bring about positive socioeconomic changes in regional trade integration, production networks, supply chains, connectivity, and living standards of the people. The future of the BCIM Economic Corridor depends largely on how the regional economic players operate within the system and follow the global norms of behaviors. China’s ‘One Belt, One Road’ Initiative created opportunities and ground for South Asian as well as South East Asian economic integration Keywords: Belt & Road Initiative(一带一路), BCIM Economic Corridor, China’s Global Rise, Regional Integration, Connectivity
