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What is Peace Dividend

Cross-Border Cooperation (CBC) Strategies for Sustainable Development
A slogan used to express benefits derived from diverting and allocating scarce public resources/money from defence expenditure, to development expenditure, in order to promote peace between nations and reap economic benefit from peace initiatives.
Published in Chapter:
Cross-Border Cooperation for Bilateral Trade, Travel, and Tourism: A Challenge for India and Pakistan
Anita Medhekar (Central Queensland University, Australia) and Farooq Haq (Canadian University of Dubai, UAE)
DOI: 10.4018/978-1-7998-2513-5.ch010
Abstract
Cross-Border Cooperation (CBC) is described as collaboration with neighbouring countries sharing land or sea borders to cooperate to reduce poverty and inequality among people, and improve living standards for sustainable development of the regions. European Union key objective has been CBC model where bordering countries in balanced partnership, have equal say in program decision-making process for sustainable development to meet common goals. The three factors essential for CBC clearly defined goals, promotion of political transparency, and promotion of connectivity and communication are correlated with the four levels of CBC implementation and public-private-partnerships. This chapter examines the challenge and significance of cross border cooperative relationship between India and Pakistan to disarm and have peace, for achieving 17 sustainable development goals in bordering conflict regions between the two countries for socio-economic progress and prosperity of the millions of people living in South Asia.
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