Belt And Road Initiative Chinese Version Of Marshall Plan

This book views the Belt and Road Initiative (BRI), a bold and all-encompassing 21st century global effort by China, with unprecedented perspectives. The BRI could be summarised as a 'revitalization' of China's ancient land-based and maritime silk roads, but it should be noted that its impact on China and the world stands on the foundation of omnipresent economics and how China transforms its mindset in the 21st century.Though initiated by China, the BRI's implementation has been a many-to-many effort from the start. This multi-regional and multi-national effort is distinctly different from the one-to-many effort of the Marshall Plan. The two meaning-defining chapters of this book, 'Omnipresent Economics: The Belt and Road Initiative Underpinning' and 'Supercontinent, Neo-Renaissance and Cultural Communications: The Millennium Mindset Transformations Induced by the Belt and Road Initiative', have made it abundantly clear that the BRI discussions presented are unique.The discussions of this book could shed new light on the BRI, a long-term and profound initiative by China, which in today's global discussions and debates, are entirely confined to geopolitical and economics arenas.

Since the introduction of the One Belt, One Road initiative (OBOR), first proposed in late 2013, international scholars have begun to study this new policy and its implications in the global age. While OBOR provides new opportunities for China in terms of regional cooperation and global development, many also raise concerns about China’s intentions of using economic means to achieve strategic and foreign policy objectives. Hailing from the West and the East, the authors reflect on the wide-ranging impacts of OBOR on specific countries, regions, economic policies, and geopolitical considerations. Including both theoretical research and empirical studies that explore opportunities and challenges related to OBOR, this edited volume will allow readers to gain a more comprehensive understanding of this ambitious undertaking and its long-term impact on the rest of the world.

China's commercial ties with the outside world have long been symbolized by the ancient Silk Road, which began as a tortuous trading network of mountain paths and sea routes that provided a lifeline for the Chinese economy. Now the leadership in Beijing is reviving the concept with an ambitious plan to build and upgrade highways, railways, ports, and other infrastructure throughout Asia and Europe designed to enrich the economies of China and some 60 of its nearby trading partners. The so-called Belt and Road Initiative has generated enthusiasm and high hopes but also skepticism and wariness. And as big as China's ambitions are, many obstacles stand in the way. In this volume of essays edited by Sean Miner and Simeon Djankov, PIIE experts analyze the initiative's opportunities for China and the world, along with the logistical problems and political, economic, and security implications that have generated concerns.

As the US and the European Union dealt with the fallout of the 2008 financial crisis, China moved quickly to create the Belt and Road Initiative (BRI) in 2013. The aim was to develop ports, rails, roads and more, in nations around the world. China now has contracts in over 148 countries and provides loans and workers to fulfill these projects, all with hidden agendas. The intent behind the initiative is to economically dominate the world in short time, assuring China’s goal of becoming the most powerful nation in the world. There is a growing mistrust of the BRI in recipient countries, between the elites and the populations at large. To combat the initiative, Europe is hoping to evolve a Global Gateway (GG) and President Biden is calling for a Build Back Better World (B3W) to attract a global network for developing nations with needed funds. Also outlined is the New EU–US sponsored Marshall Plan (NEMP), borrowing the best concepts from the original 1948 Marshall Plan, to assist in combating the statecraft of China.

Essay from the year 2020 in the subject Politics - Topic: Globalization, Political Economics, grade: 1,0, Dresden Technical University, language: English, abstract: What are the objectives behind China's promotion and development of the Belt and Road Initiative? Answering this question is the main purpose of this essay which is based on an international political economy (IPE) approach to bridge geoeconomic and geopolitical perspectives The ancient Silk Road served as vast trade network between China, other Asian countries, Europe and the Middle East for more than 2,000 years. By launching the Belt and Road Initiative (BRI) - comprising the Silk Road Economic Belt, the 21st Century Maritime Silk Road and a Digital Silk Road - China has revived this concept in 2013. While some scholars and politicians welcome the BRI as China’s contribution to international public goods and international development, others reject it claiming that its objectives are not transparent or, that it is a tool for China to leverage its massive economic resources for geostrategic interests and to facilitate business for its state-owned enterprises. Thus, is the BRI ́s main objective to undermine the US-led world order? Is it driven by altruism aimed on facilitating economic growth in less developed countries? Is it the Chinese way to deal with domestic economy challenges? Or is it just an empty slogan?

This investigation uses state-mobilized globalization as a framework to understand China's capitalism and emergence as a global power.

This book sets out to analyze how the OBOR initiative will influence the world’s geo-political and geo-economic environment, with specific regard to the ‘Belt and Road’ countries and regions. It evaluates what opportunities the OBOR can offer them in light of the constraints they face, paying particular attention to how security issues may keep some nations from fully participating. Questions are also asked about the tension and conflict along the ‘Belt’ and ‘Road’, which, after all takes in the Middle East’s most tumultuous regions, as well as the much disputed South China Sea. Finally, consideration is given as to how the world’s other economic powers will react when the OBOR inevitably brings about capital and resource competitions.