DEBT TRAP OR ECONOMIC AID: THE LONG-TERM EFFECTS OF IMF BAILOUTS ON PAKISTAN'S DEVELOPMENT AND THE ROLE OF CHINA

Abstract

Grand strategy outlines a state's ultimate goals and what it hopes to accomplish throughout a struggle. When they show discernible effects on state policy, their ramifications are long-lasting. As a result, China has emerged in the new century as a major regional and eventually international force. After switching to a new development mode, China decided on its goals and set out to achieve them, with a focus on the Asia-Pacific region. These goals are to modernize China, raise the country's per capita GDP to that of industrialized nations, and establish a prosperous society. China has a window of strategic opportunity that extends until 2020 and beyond, according to Xi Jinping, who revealed the country's grand strategy in 2013. The purpose of this essay is to analyze China's Asia-Pacific Grand Strategy. By examining its objectives and areas of interest, it first defines the Chinese strategy. Second, it breaks it down and looks at how China uses its power—economic, political, diplomatic, and security—to protect its interests and maintain peace in the area. Additionally, it examines Chinese foreign policy in the Asia-Pacific region in comparison to the global social institutions described in Bull's theories.