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
-
CNAS Insights
Defense / Indo-Pacific Security / Transatlantic Security / Middle East Security / Energy, Economics & Security
CNAS Insights | National Security Agenda in the New Congress: A 10-Item To-Do ListWhen Democratic majorities sweep into Congress in January, Washington will return to divided government. The prospect of stalemate will be real, with Democrats prone to opposi...
By Richard Fontaine
-
China’s Cable-Cutting Threat Reaches Taiwan and the Philippines
Commentary
A deliberate cable cut in the Philippines is a serious possibility. China's subsea sabotage against Taiwan shows what the Philippines could face....
By Ryan Claffey
-
Can Pakistan Help Break China’s Critical Minerals Dominance?
Commentary
Deeper U.S.-Pakistan cooperation on critical minerals could help Washington chip away at Beijing’s dominance over global supply chains....
By Derek Grossman
-
Commentary
Indo-Pacific Security / Technology & National Security
Sharper: Securing Critical InfrastructureThe systems that keep global society running are increasingly in adversaries’ sights. From sabotage on the subsea cables that enable global connectivity to missile attacks on ...
By Charles Horn
