CHINA AND INDIA IN GLOBALISATION 2.0

Abstract

The growing economic presence of China, and the world’s fastest growing economy, India, are developing global strategic agendas under nationalist leadership. While the West faces growing anti-glo- balisation sentiment and populism, Asia is contributing to discussions on the emergence of a new trend of globalisation or globalisation 2.0. This paper aims to discuss factors that have led to the discourse on the new globalisation. It will be argued that China and India are promoting the shift of global power to Asia by three features: leadership, initiatives and institutions. By doing so, the paper aspires to illustrate how the economic development of the two Asian emerging powers encourages the ambitions of its lead- ers towards the global and regional influence, which has been implementing through their connectivity instruments and new institutions. It presumes, that the connectivity projects by providing the ‘hardware of integration’ for the emerging world and its institutions as a ‘software of integration’ allows strengthen- ing the Asian cohesion and assertiveness in the world politics. Taking into account the past several border clashes between China and India, the new globalisation lens might provide for both a common ground for bilateral cooperation and collaboration.