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ASEAN countries play a crucial role in the Belt and Road Initiative (BRI) that was initiated in 2013. A number of priority BRI projects have since been implemented. The implementation of BRI brings new opportunities and challenges to countries in the region, and also to regional integration.In this book, researchers from universities and think-tanks in ASEAN countries study the BRI from the perspective of regional studies. It presents an analysis of responses on BRI of the government and people from individual ASEAN members.The book addresses three areas: First, the strengths and weaknesses of ASEAN countries, and the opportunities and challenges for them in implementing the BRI (a SWOT analysis); second, the impacts of BRI on building the ASEAN community; and third, interactions between BRI and ASEAN-China cooperation.
Southeast Asia's interactions with China have tremendously transformed and prospered in the recent decades, with China becoming ever more present on Southeast Asian soil in recent history, touching all dimensions: economic, political, social, and cultural. The current ASEAN-China dynamics are remarkably different from the past, bearing both excitement and caution for watchers. In this context, the advent of China's Belt and Road Initiative (BRI) has added a new perspective to the nature of China's rise in ASEAN. As the various BRI projects continue to unfold in ASEAN countries, public concerns about the impact of these projects are on the rise.However, there has not been enough extensive study on this issue. This edited book contributes towards bridging the knowledge gap by facilitating experts from ASEAN, China, and beyond, to discuss, reflect, debate the ground realities of BRI based on the local governments' and local people's experiences and narratives. The chapters in this volume address various dimensions of the BRI, provide unique perspectives, empirical evidence, and updated information on the overall progress of BRI in ASEAN.
2013 saw the launch of the largest, most influential investment initiative in recent memory: China's Belt and Road Initiative (BRI). This globe-spanning strategy has reshaped local economies and regionals networks, and it has become a contested subject for scholars and practitioners alike. How should we make sense of the complex interactions that the BRI has enabled? Understanding these processes requires truly global perspectives alongside careful attention to the role that local actors play in giving shape to individual BRI projects. The contributions in this volume provide both 'big picture' assessments of China's role in regional and global interactions and detailed case studies that home in on the role agency plays in BRI dynamics. Written by leading area studies scholars with diverse disciplinary expertise, this book reveals how Chinese efforts to recalibrate the world are taken up, challenged, revamped, and reworked in diverse contexts around the world.
The Belt and Road Initiative (BRI), officially unveiled in 2013, is Chinese President Xi Jinping’s signature foreign and economic policy initiative to achieve improved connectivity, regional cooperation, and economic development on a trans-continental scale. This book reviews the evolving BRI vision and offers a benefit-risk assessment of the BRI’s economic and geopolitical implications from the perspective of Asian stakeholder countries, using both qualitative and quantitative research methods. Among the value added of the book is first an online perception survey of opinion leaders from Asian participating countries on various aspects of the initiative. To our best knowledge, the survey is the first of its kind. Second, the book presents the simulation results of a computable general equilibrium model of the world economy to estimate the potential macroeconomic impacts of the BRI as a whole and those of its constituent overland and maritime economic corridors. Third, the book makes ten key evidence-based policy recommendations on how to enhance the prospect of a successful and mutually beneficial BRI 2.0 to both China and stakeholder countries.
This book is among the first to systematically analyze and discuss the Chinese government's“One Belt, One Road” initiative to promote infrastructure investment and economic development, bringing together a diverse range of scholars from China, Russia, and Eastern Europe. The book assembles a package of next generation ideas for the patterns of regional trade, investment, infrastructure development, or next steps for the promotion of enhanced policy coordination across the Eurasian continent and strategic implications for EU, Russia and other major powers, introducing innovative ideas about what these countries across belt and road can do together in the eyes of the young generation. This book will be of interest to scholars, economists, and interested observers of the international impact of Chinese development.
One of Chinese president Xi Jinping's signature foreign policy programs is the Belt and Road Initiative (BRI), a web of infrastructure development plans designed to increase Eurasian economic integration. Chinese official rhetoric on the BRI focuses on its economic promise and progress, often in altruistic terms: all countries have been invited to board this "express train" to wealth and prosperity. Missing from the rhetoric is much discussion of the initiative's security dimensions and implications. Chinese officials avoid describing the strategic benefits they think the BRI could produce, while also gliding over major security risks and concerns. Yet at the unofficial level, China's security community has paid close attention to these issues, probing in great depth the gains Beijing can expect, the challenges it will face, and the new demands it will have to satisfy. Understanding those Chinese assessments is helpful as the United States considers how, when, and in what capacity to engage the BRI.
International Perspectives on the Belt and Road Initiative investigates the most significant global‐scale international trade expansion and capital investment programme since the Second World War. This book focusses on the multi-national perspectives of the Belt and Road Initiative (BRI) in order to interrogate the Chinese government’s representation of it as a symbol of "peace, cooperation, development and mutual benefit." With specific focus on the interrelationship between geopolitics, infrastructure investments and urban regional development, the book reflects on 12 countries’ experiences in depth, including those of Iran, Pakistan, Brazil, Thailand, Indonesia, Japan and Ethiopia, specificly to their economic development levels, political systems, power dynamics and socio-environmental issues. The book clarifies and contributes new knowledge on the nature of BRI concerning its relationship to globalism, neo-colonialism, the notion of developed vs developing countries and their institutions and macro-micro benefits and impacts. In doing so, the book offers a balanced account of the antagonistic geo-political narrative of socio-political conflict and the collaborative framework of real socio-economic flows and development. The book will appeal to academics, researchers and policy-makers with an interest in the BRI and its impacts on politico-economic development and urban, regional and spatial systems in the Indo-Pacific and beyond.
Since 2019, Network of ASEAN-China Think-tanks (NACT) has been publishing joint researches of all its Working Groups. This book is a collection of research papers contributed by ASEAN and China scholars.This book is published at a time of growing debate in the region over connectivity. The contributing scholars provide their ingenious and insightful thoughts from either a national or regional perspective. The book also contains Working Group Report that include innovative and practical policy recommendations on strengthening the connectivity between ASEAN and China.
China's massive, globe-spanning Belt and Road Initiative (BRI) seeks to build everything from railways, ports, and power plants to telecommunications infrastructure and fiber-optic cables. Chinese President Xi Jinping's signature foreign policy endeavor, BRI has the potential to meet developing countries' needs and spur economic growth, but its implementation creates risks that outweigh its benefits. Unless the United States offers an effective alternative, China could reorient global trade networks, set technical standards that would disadvantage non-Chinese companies, lock countries into carbon-intensive power generation, increase its political influence over countries, and acquire power projection capabilities for its military. The COVID-19 pandemic has made a U.S. response more urgent as the global economic contraction has accelerated the reckoning with BRI-related debt. China's Belt and Road: Implications for the United States proposes that the United States respond to BRI by putting forward an affirmative agenda of its own, drawing on its strengths and coordinating with allies and partners to promote sustainable, secure, and green development.
This book evaluates China’s relations with sub-regional Southeast Asia through its Belt and Road Initiative (BRI) and the Lancang-Mekong Cooperation framework. The book looks at domestic drivers and regional receptivity of China’s Belt and Road Initiative and also delves into the challenges of China’s engagement in the Greater Mekong Sub-region. The book examines how China’s BRI will contribute to the development of these countries, to regional economic integration and cooperation processes within a political-economic context. It addresses the BRI process within the GMS on three levels: regional, individual recipient countries and the Chinese perspective. The case studies in the book will help to provide insights on China’s growing economic influence in sub-regional Southeast Asia and its Belt and Road Initiative. This book will appeal to researchers interested in the BRI, China's relations with Southeast Asia and China’s neighbourhood policy and how domestic considerations are influencing China’s policy making.