The shift from globalism to regionalism presents both challenges and opportunities for Pakistan.
- By using its strategic location wisely and strengthening regional partnerships, Pakistan can improve its economic position and regional influence
Ahmad Sadaat
The world today is going through major political and economic changes. In the past, countries strongly depended on global cooperation, international trade, and global institutions. This system, known as globalism, is now weakening due to rising political tensions, economic competition, and mistrust among states. Because of these challenges, many countries are now focusing more on regional cooperation instead of global dependence.
In this changing global environment, Pakistan holds a very important position. It connects South Asia, Central Asia, China, and the Middle East. This essay explains the decline of globalism, the rise of regional cooperation, and how Pakistan can benefit from its strategic location.
Decline of Globalism
Globalism is facing serious challenges in the modern world. International organizations such as the World Trade Organization are no longer as effective as they once were. Many countries are introducing trade barriers to protect their local industries. As a result, free trade has decreased, and economic nationalism has increased.
Another major reason for the decline of globalism is the growing rivalry between powerful countries, especially China and the United States. Their competition has affected global trade and investment. The COVID-19 pandemic further exposed weaknesses in global supply chains, forcing countries to focus on self-reliance and regional alternatives.
Rise of Regional Cooperation
As global cooperation weakens, regional cooperation is becoming more important. Countries within a region often share common interests, geography, and economic goals. Regional organizations such as the European Union and ASEAN have proven that cooperation at the regional level can support economic stability and development.
Similarly, organizations like the Shanghai Cooperation Organization (SCO) and the Economic Cooperation Organization (ECO) are playing an important role in promoting trade, security, and infrastructure development. Regional cooperation helps countries reduce economic risks and strengthen political ties.
Pakistan’s Strategic Importance
Pakistan’s geographical location gives it great strategic importance. It serves as a bridge between South Asia, Central Asia, China, and the Middle East. Projects such as the China-Pakistan Economic Corridor (CPEC) aim to improve Pakistan’s infrastructure, energy sector, and trade connectivity.
Pakistan is also involved in regional energy projects like the TAPI gas pipeline and CASA-1000 electricity project. These initiatives can help Pakistan become a key transit country for regional trade and energy. However, political instability and regional tensions remain challenges that must be managed carefully.
Policy Measures for Pakistan
To benefit fully from regional connectivity, Pakistan must adopt practical and balanced policies. Strengthening institutions, ensuring transparency, improving trade infrastructure, and diversifying regional partnerships are essential steps. Pakistan should also focus on regional diplomacy, especially for peace and stability in neighboring countries.
Conclusion
The shift from globalism to regionalism presents both challenges and opportunities for Pakistan. By using its strategic location wisely and strengthening regional partnerships, Pakistan can improve its economic position and regional influence. With effective planning and long-term policies, Pakistan can play a central role in the emerging regional order.
Read: Pakistan’s Systemic Weaknesses Unaddressed
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Ahmad Sadaat is a student at the International Islamic University Islamabad.
