May 16, 2018
On China’s New Silk Road, Democracy Pays A Toll
Great power competition is back. And China is now combining its vast economic resources with a muscular presence on the global stage. One of Beijing’s key efforts is the Belt and Road Initiative, a trillion-dollar endeavor to link together Asia, the Middle East, Africa, and Europe through a web of mostly Chinese-funded physical and digital infrastructure.
Much of Washington has fretted over China’s mercantilist approach to economics in general and views the Belt and Road Initiative largely through this lens. Yet the concerns over Beijing’s current approach should go beyond dollars and yuan. By fueling debt dependency, advancing a “China First” development model, and undermining good governance and human rights, the initiative offers a deeply illiberal approach to regions that contain about 65 percent of the world’s population and one-third of its economic output.
The hype surrounding the Belt and Road Initiative — Chinese President Xi Jinping’s signature initiative on the world stage — has recently shifted into overdrive. In China’s domestic politics, support for the project has come to signify loyalty to the country’s president-for-life. At the same time, the Belt and Road serves as an overarching narrative into which Beijing can fit its foreign economic policy in regions as disparate as the Arctic and Latin America. Yet the initiative’s rhetoric and branding should not obscure its core aim: to access markets and project influence and power throughout Eurasia and the Indian Ocean rim. And China has already dedicated significant resources to the effort: Estimates put total Belt and Road-related construction and investment at more than $340 billion from 2014 to 2017.
Read the Full Article at Foreign Policy
More from CNAS
-
Democracy in South Asia amid U.S. Aid Cuts
Reports
The practice of democratic governance and the increased number of people across the world participating in national elections are positive trends that will help ensure governm...
By Lisa Curtis, Kareen Hart & Keerthi Martyn
-
Lessons from the U.S.-China Trade War
Podcast
America and China have agreed to a 90-day truce of their month-long trade war, but the economic uncertainty has not yet ended. Beyond tariffs, the spat had begun spilling over...
By Edward Fishman
-
Why China’s Amphibious ‘Invasion Platforms’ Are Troubling Sign for Taiwan
Video
Beijing’s new ships can land on beaches and link to form massive mobile piers. Analysts, including Tom Shugart from Center for a New American Security, say they’re intended to...
By Tom Shugart
-
How America Can Keep the Peace Between India and Pakistan
Commentary
The only way Washington can play the role of honest broker during times of crisis between India and Pakistan is if it maintains ties to both....
By Lisa Curtis
