Is the BRI Delivering?
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2023, Vol 6, Issue 08
Abstract
Promising the hope of a brighter future, in 2013 China launched the Belt and Road Initiative (BRI) across the world. The economic strategy of the BRI lies in partnering with countries through the signing of Memorandum of Understandings (MoU). President Xi Jinping’s foreign policy is aimed at investing in countries to provide greater infrastructure and development. This analysis will examine whether the BRI is actually delivering on its promises in Latin America by examining the five priorities set forth by China: policy coordination, infrastructure connectivity, unimpeded trade, financial integration, and connecting people. The findings of this paper suggest that no major gains have been made in Latin American countries that have partnered with China. We will explore the potential risks and interdependence that has been established as a result of the BRI. Some may suggest that there has not been enough time since the signing of the MoUs to truly know whether the BRI will benefit Latin America, and we address this by making suggestions on the continuing monitoring that will need to take place in the region. The analysis will provide Latin American policy makers with suggestions on how to negotiate future deals with China to achieve the best possible outcomes for partnering with China.
Authors and Affiliations
Promising the hope of a brighter future, in 2013 China launched the Belt and Road Initiative (BRI) across the world. The economic strategy of the BRI lies in partnering with countries through the signing of Memorandum of Understandings (MoU). President Xi Jinping’s foreign policy is aimed at investing in countries to provide greater infrastructure and development. This analysis will examine whether the BRI is actually delivering on its promises in Latin America by examining the five priorities set forth by China: policy coordination, infrastructure connectivity, unimpeded trade, financial integration, and connecting people. The findings of this paper suggest that no major gains have been made in Latin American countries that have partnered with China. We will explore the potential risks and interdependence that has been established as a result of the BRI. Some may suggest that there has not been enough time since the signing of the MoUs to truly know whether the BRI will benefit Latin America, and we address this by making suggestions on the continuing monitoring that will need to take place in the region. The analysis will provide Latin American policy makers with suggestions on how to negotiate future deals with China to achieve the best possible outcomes for partnering with China.
Keywords
Related Articles
- EP ID EP719801
- DOI 10.47191/ijmra/v6-i8-18
- Views 62
- Downloads 0
Development and Acceptability of Macaroons with Shoots from Different Species of Bamboo
The study focused on the development and acceptability of macaroons made from different varieties of bamboo shoots with four flavorings. This product development research includes two major areas: preparation of bamboo s...
Maleo Conservation Development by Local Communities: A Case Study of PT Pertamina Patra Niaga Fuel Terminal Poso’s CSR Program in Sumara Jaya Village
Maleo is one of the most interesting and unique endemic birds in Sulawesi Tengah, Indonesia. This bird is known for its exciting and unique breeding behavior. Maleo belongs to the family Megapodiidae. According to the Re...
Craft MSE Performance in Batu City: The Impact of Ecopreneurship, Digital Marketing, and Artistic Orientation through Competitive Advantage
This research aims to determine the influence of artistic orientation, digital marketing, and ecopreneurship on the performance of craft MSEs in Batu City through competitive advantage. The population used in this resear...
The Influence of Product Quality, Price Perception and Product Variety on Consumer Repurchase Intentions with Consumer Satisfaction as a Mediating Variable (Study pn Solid Surface Performnite Products)
The use of biometric information technology in immigration control is an innovation that supports the efficiency and security of the identification process of individuals at the entrance of a country. However, challenges...
Students' Perceptions of 30 State of Muaro Jambi Junior High School Physical Education Learning During the Covid-19 Pandemic
The way to make students easier to understand the content of Physical Education material can be presented online by the teacher using the learning media that is currently available in the COVID-19 era. Like Zoom, Google...