You searched for: Publishing Institution Council on Foreign Relations Remove constraint Publishing Institution: Council on Foreign Relations Political Geography Asia Remove constraint Political Geography: Asia Publication Year within 3 Years Remove constraint Publication Year: within 3 Years Publication Year within 5 Years Remove constraint Publication Year: within 5 Years Topic International Trade and Finance Remove constraint Topic: International Trade and Finance
- Author: Jennifer A. Hillman, David Sacks
- Publication Date: 03-2021
- Content Type: Special Report
- Institution: Council on Foreign Relations
- Abstract: The Belt and Road Initiative (BRI), Chinese President Xi Jinping’s signature foreign policy undertaking and the world’s largest infrastructure program, poses a significant challenge to U.S. economic, political, climate change, security, and global health interests. Since BRI’s launch in 2013, Chinese banks and companies have financed and built everything from power plants, railways, highways, and ports to telecommunications infrastructure, fiber-optic cables, and smart cities around the world. If implemented sustainably and responsibly, BRI has the potential to meet long-standing developing country needs and spur global economic growth. To date, however, the risks for both the United States and recipient countries raised by BRI’s implementation considerably outweigh its benefits. BRI was initially designed to connect China’s modern coastal cities to its underdeveloped interior and to its Southeast, Central, and South Asian neighbors, cementing China’s position at the center of a more connected world. The initiative has since outgrown its original regional corridors, expanding to all corners of the globe. Its scope now includes a Digital Silk Road intended to improve recipients’ telecommunications networks, artificial intelligence capabilities, cloud computing, e-commerce and mobile payment systems, surveillance technology, and other high-tech areas, along with a Health Silk Road designed to operationalize China’s vision of global health governance.1 Hundreds of projects around the world now fall under the BRI umbrella.
- Topic: International Trade and Finance, Infrastructure, Hegemony, Conflict, Belt and Road Initiative (BRI), Regionalism
- Political Geography: China, Asia, North America, United States of America