Searching for a “China model” along the Belt and Road

Datos Bibliográficos

ID6041006
AutoresDan Skidmore (0000-0003-4955-1455, Drake University, autor de correspondencia)
Año2021
Volumen13
Número3
Páginas326-348
Fecha de publicación2021-07-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaAsian Politics & Policy (JOURNAL)
Identificadores de la revistaISSN: 1943-0787 • E-ISSN: 1943-0779
EditorialWiley (PUBLISHER • GB)
DOI10.1111/aspp.12589
OpenAlexW3183826803
IdiomaEN
Citas recibidas2
Referencias citadas36

While China's own leadership offers their country's economic success as a model for other developing countries, China's Belt and Road Initiative (BRI) is instead promoting a very different path of development. Differences between China's own experience and the BRI path are stark in terms of the timing of infrastructure development, the sources of financing, the political conditions surrounding infrastructure investment and the roles of manufacturing versus commodity exports. Yet the BRI does propagate a particular fragment of China's recent experience: a debt‐development complex featuring crony‐like relationships among policy banks, state‐owned construction firms and local/foreign governments. This nexus of interests promotes a risky and often unsustainable development path. The gap between promise and reality limits China's ability to promote a Sino‐centric world order while also suggesting the need for scholars to more carefully examine the social transmission belts through which great powers export fragments of their own political and economic structures abroad

Business · China · Commodity · Debt · Economic system · Economics · Foreign direct investment · International economics · International trade · Investment (military · Macroeconomics · Market economy · Nexus (standard · Order (exchange · Political science · Politics · State (computer science · China's Socioeconomic Reforms and Governance · Engineering · International Development and Aid · Socioeconomic Development in Asia · Finance