China's Belt and Road Initiative was a revolutionary infrastructure development programme with aim to provide hassle-free connectivity. Discuss its benefits aimed and illusion of benefits.
Main Body
China's BRI was a revolutionary infrastructure development programme with aim to provide hassle-free connectivity Benefits aimed at: (1) Infrastructural connectivity (2) Local region development (3) Boost to trade Illusion of Benefits: (1) Debt trap diplomacy: for China's expansion through Hambantota port (2) Transparent funding: impacts developing country economic health through port pirates of Greece (3) Militarized expansionism: for Gwadar pose of Pakistan (4) Lack of Technology exchange as Chinese engineers are sent for development (5) High cost of loans in late stage: act as financial burden Global Reactions: (1) Italy recently came out of BRI (2) G7: Partnership for Investment and Infrastructure (3) India: IMEC, INSTC, Chabahar port (4) Blue Dot Network Thus, through global cooperation centred project like BRI can be curbed.
Diagram
Map of China's Belt and Road Initiative showing land routes (CPEC, Silk route) and maritime Silk route across Asia, Middle East, and Africa
Mansi Singh
Effect of Policies of Developed/Developing Countries and Indian Diaspora
Global Economic Partnerships and Infrastructure
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analytical
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