From the Belt and Road to Make in India: A Comparative Assessment of Global Economic Engagement

Authors : Ferhat Çağrı Aras

Pages : 295-317

View : 389 | Download : 245

Publication Date : 2025-12-31

Article Type : Research Paper

Abstract :China and India have emerged as two of the most influential actors shaping contemporary debates on economic development, governance models, and global economic transformation. As leading emerging economies facing similar structural pressures yet pursuing markedly different development paths, their experiences provide valuable insights into alternative strategies of growth, regional development, and global economic integration. Within this context, this study aims to explore how China and India differ in their development strategies with particular attention to governance structures, regional development policies, and modes of global economic engagement. Drawing on a qualitative comparative research design, the analysis is based on document analysis and qualitative content analysis of official policy documents, development plans, and secondary academic sources. The comparative assessment is structured around three core criteria: governance and planning mechanisms, regional development strategies aimed at managing spatial inequalities, and approaches to global economic integration, with particular emphasis on Belt and Road Initiative (BRI) and Make in India program. Applying a consistent set of analytical dimensions to both cases allows for a systematic and conceptually balanced comparison. The findings suggest that China’s development strategy is shaped by a centralized, state-led governance model emphasizing long-term planning, large-scale infrastructure investment, and infrastructure-driven global engagement. In contrast, India’s development approach reflects a more decentralized and market-oriented model prioritizing regulatory reform, foreign direct investment, and partnership-based integration into global value chains. Rather than advancing normative evaluations, the study highlights how distinct governance logics produce different strengths and constraints under comparable global conditions. The article contributes to the literature on comparative development by offering a conceptually consistent analysis of China and India that moves beyond descriptive policy narratives. By linking governance structures to regional development strategies and global economic engagement, the study provides original insights into alternative development pathways among emerging economies in the Global South.
Keywords : Çin, Hindistan, Kalkınma Stratejileri, Make in India, Kuşak ve Yol Girişimi

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