Deconstructing the Belt and Road Initiative in Latin America

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Juan Enrique Serrano Moreno ◽  
Diego Telias ◽  
Francisco Urdinez
Keyword(s):  
Latin America ◽  
Belt And Road Initiative ◽  
Economic Implications ◽  
Content Type ◽  
Wide Range ◽  
Mise En Scene ◽  
Belt And Road ◽  
Accession Process ◽  
Education And Development ◽  
The Belt And Road

PurposeThe objective of this study is to address the diplomatic and economic implications of the participation of Latin America and the Caribbean (LAC) countries in the Belt and Road Initiative (BRI).Design/methodology/approachThe study examines official documents related to the BRI and LAC's signing of the Memorandum of Understanding within the framework of the BRI (MoUs) in order to look into what it means to join the BRI. Additionally, it also introduces the findings of articles in Asian Education and Development Studies' current issue published in 2020.FindingsIn LAC, the BRI does not represent a new policy, but rather the updating and rebranding of a pre-existing one. The BRI primarily consists of an official discursive framework which aims to build a coherent narrative for a wide range of different projects and policies geared toward the improvement of connectivity with China through the development of trade and investments. However, most of these projects were implemented prior to the BRI. Pragmatism lies at the core of this framework which neither has a regulated accession process nor any binding effects. As a result, the signing the MoU represents, foremost, a diplomatic mise-en-scène. The study operates under the belief that BRI membership is not dichotomous; rather, it must be observed in terms of the countries' level of participation. In line with this, the implementation of a generalized BRI policy in LAC countries would not be advisable. Moreover, it must be noted that the BRI's reach to Latin America can be rather problematic due to the fact that the latter was not initially a participant.Originality/valueThe study aims to explore the significance of the BRI beyond the official discourse and discuss the involvement of LAC countries in it. Scholars studying the BRI in other regions have noted that there is not enough information on this policy in the context of LAC.

Current trends in China's international development cooperation to Latin America: potential opportunities and challenges with the belt and road initiative

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tatiana Andrea Gélvez Rubio ◽  
Juan Carlos Gachúz Maya
Keyword(s):  
Latin America ◽  
International Development ◽  
Chinese Foreign Policy ◽  
Development Cooperation ◽  
Structural Factors ◽  
Belt And Road Initiative ◽  
Content Type ◽  
Belt And Road ◽  
The Belt And Road ◽  
International Development Cooperation

PurposeThis paper enquires into general trends of China's International Development Cooperation over the past decade in Latin America and provides insights into the challenges with the Belt and Road Initiative.Design/methodology/approachThis paper analyses quantitative data for Chinese Official Development Assistance (ODA) and Other Official Flows (OOF) for projects in Latin America based on recent data contributions including Bluhm et al. (2018) and Gallagher & Myers (2019).FindingsBased on the data available, it can be concluded that the cooperation between China and Latin America has been increasing. For instance, the value of China's cooperation increased by 4.5% per year on average from 2000 to 2014. Moreover, China's economic and political motivations in the region indicate that the cooperative relationship has been changing from a South–South to a North–South framework. Two main factors are involved in this transition: the evolution of China from a developing country to a global emerging power and the implementation of the Belt and Road Initiative to strengthen political and economic ties with the governments of the region.Practical implicationsThis investigation suggests that the increasing number of loans in the region and Beijing's growing interest in trade and natural resources are structural factors that guide the Chinese foreign policy.Originality/valueThere are few analyses of China's cooperation for development in Latin America that involve the evaluation of concessional and non-concessional loans for projects in the region in the last decade. This paper also analyses the challenges and opportunities that the implementation of the Belt and Road Initiative represents for the region.

Viewpoint – could the belt and road initiative be derailed? An analysis of impediments to completion

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Peter Enderwick
Keyword(s):  
Design Methodology ◽  
Dynamic Environment ◽  
Belt And Road Initiative ◽  
Relative Significance ◽  
Content Type ◽  
Belt And Road ◽  
Trade War ◽  
The Belt And Road

Purpose The continuation of China’s belt and road initiative (BRI) is assumed in most analyses. Yet, recent events have created significant reputational damage for China and Chinese businesses. With a trade war evolving into a hegemonic struggle, there are a number of potential developments that could derail the BRI. This paper aims to provide a contemporary review of the factors that could negatively impact its continuation, and what China has done to mitigate the risks. Design/methodology/approach A descriptive paper that groups possible disruptive factors into three groups: internal weaknesses of the BRI and its design; those related to China’s implementation of the BRI and external concerns and pressures. Findings China has actively reviewed and refined the BRI to reduce its perceived weaknesses and increase its attractiveness to potential participants, focussing on debt dependency, transparency and governance. However, this has occurred at the same time as growing concerns regarding China’s international assertiveness, the hegemonic challenge and recovery from the COVID-19 pandemic. Research limitations/implications These changes are occurring within an extremely dynamic environment and any analysis at one point in time is subject to considerable limitations. However, the paper brings together a range of disparate perspectives in a structured manner. Originality/value The classification of possible threats to the BRI is original and provides insights into the relative significance of the diverse challenges that China faces. The paper concludes that while China’s operational focus on the mechanics of the BRI process is necessary, it may not be sufficient to ensure its continuing development. The paper identifies the next step which is conceptualisation of these ideas and of the BRI. Some guidance as to how this might be done is provided.

scholarly journals The 2030 Agenda for Sustainable Development and China’s Belt and Road Initiative in Latin America and the Caribbean

2019 ◽  
Vol 11 (8) ◽  
pp. 2297 ◽  
Author(s):  
Yuanbo Li ◽  
Xufeng Zhu
Keyword(s):  
Sustainable Development ◽  
Latin America ◽  
Latin American ◽  
Belt And Road Initiative ◽  
2030 Agenda ◽  
Belt And Road ◽  
Development Goals ◽  
The Caribbean ◽  
Political Economic ◽  
The Belt And Road

During the initial implementation of the 2030 Agenda for Sustainable Development (the 2030 Agenda), the Second Ministerial Meeting of the Forum of China and the Community of Latin American and Caribbean States (CELAC) was held in Santiago, Chile, in January 2018. During this forum, China officially invited 33 countries in Latin America and the Caribbean (LAC) to join the Belt and Road Initiative (BRI). This study links three important global governance issues: The 2030 Agenda, China-LAC relations and BRI. The authors attempt to analyze how China’s BRI in the LAC region can learn from the 2030 Agenda of the United Nations with 17 sustainable development goals (SDGs). This study shows that although China and the LAC region have strong political, economic and trade relationships, they must deepen dialogues and cooperation on sustainable development, especially the 2030 Agenda with 17 SDGs, which can be inspirations for China’s BRI in this region. BRI, which aligns with the 2030 Agenda and contributes to Chinese experience in development, can generate new opportunities for the LAC region to implement such an agenda. However, the challenges and risks of BRI cannot be ignored, and adequate answers and solutions should be provided to allow BRI to achieve a win–win outcome for China and LAC countries. The authors also examine the alignment of China’s policies towards LAC and BRI with the 2030 Agenda (17 SDGs) and the involvement of each SDG in these policies as the 2030 Agenda (17 SDGs) should be considered in policy-making for China’s BRI in the LAC region. Moreover, on the basis of previous analyses, suggestions for a successful BRI in the LAC region in six sectors are proposed in the context the 2030 Agenda.

scholarly journals China’s Belt and Road Initiative and large-scale outbound investment

2018 ◽  
Vol 1 (2) ◽  
pp. 219-240 ◽  
Author(s):  
Shen Kunrong ◽  
Jin Gang
Keyword(s):  
Large Scale ◽  
Belt And Road Initiative ◽  
Chinese Enterprises ◽  
Content Type ◽  
Cultural Exchanges ◽  
Institutional Differences ◽  
Belt And Road ◽  
The Impact ◽  
Enterprise Investment ◽  
The Belt And Road

Purpose The purpose of this paper is to comprehensively examine the influence of formal and informal institutional differences on enterprise investment margin, mode and result. Design/methodology/approach This paper is based on 2,440 micro samples of large-scale outbound investment from 609 Chinese enterprises from the years 2005 to 2016. Findings The study has found that formal institutional differences have little impact on investment scale, but significantly affect investment diversification. In order to avoid the management risks brought by formal institutional differences, enterprises tend to a full ownership structure. However, the choice between greenfield investment and cross-border mergers and acquisitions is not affected by formal institutional differences. In contrast, the impact of informal institutional differences is more extensive. Both formal and informal institutional differences significantly increase the probability of investment failure. Further research found that the Belt and Road Initiative (BRI) bridges the formal institutional differences. Originality/value The study concludes that developing the BRI, especially cultural exchanges with countries alongside the Belt and Road, will help enterprises to “go global” faster and better.

Western pushback against China will increase

2020 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Belt And Road Initiative ◽  
The West ◽  
Content Type ◽  
Positive View ◽  
Downward Spiral ◽  
Belt And Road ◽  
Public Views ◽  
The Belt And Road

Significance Senior US officials see Communist-led China as the foremost threat to the United States. The Trump administration’s campaign against it spans the spectrum of government actions: criticism; tariffs; sanctions; regulatory crackdowns; military intimidation; support for Taiwan; and restrictions on imports, exports, investment and visas. Impacts Beijing will have little success in driving a wedge between Washington and its major Western allies. The West is unlikely to produce a convincing alternative to the Belt and Road Initiative (BRI). Negative public views of China incentivise China-bashing by politicians, which in turn feeds negative public opinion in a downward spiral. Beijing will persist in its efforts to encourage a more positive view of China among Western publics.

scholarly journals Managing the economic sustainability of the Belt and Road Initiative by applying Pragmatic Identity Matching PrIM

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Markus Erbach
Keyword(s):  
Economic Sustainability ◽  
Belt And Road Initiative ◽  
Cultural Backgrounds ◽  
Integration Framework ◽  
Cultural Aspects ◽  
Wide Range ◽  
Identity Matching ◽  
Belt And Road ◽  
Globalized World ◽  
The Belt And Road

AbstractAchieving and managing economic sustainability is one of the crucial tasks for our globalized world. One of the most ambitious economic projects known to humankind claims to stand for long-term global economic sustainability including ecological, social, and cultural aspects: the Belt and Road Initiative (BRI), in which China invites the world to join its vision of a “peaceful cooperation for the wealth and cultural exchange of all nations” (Xi Jinping 2013 in his famous speech Promote People-to-People Friendship an Create a Better Future). This invitation led to a wide range of responses, from fundamental rejection to supportive participation. Matching the participants in this megaproject—their contributions, particular prerequisites, and development interests—requires a holistic participative planning approach with solutions tailored specifically to the participating partners. This article shows how Pragmatic Identity Matching (PrIM), a scalable integration framework, can be used to meet this requirement. PrIM provides an identity-oriented infrastructure for aligned planning, implementation and communications, acknowledging, and embracing participants from different cultural backgrounds such as Asian, Arabian, African, Russian, and European cultures. As a structural-scientific approach that synthesizes elemental semiotic thinking and research in psychology and the neurosciences, PrIM provides a meta-planning structure beyond any value-driven positions and perspectives, one that imparts equivalence to information. PrIM can help the BRI avoid a spiral of non-coordinated activities, thereby preventing loss of investment. The formation of a transdisciplinary BRI Management Academy that uses PrIM would help create the necessary infrastructure for a successful and transparent implementation of the BRI.

Prospects for the Belt and Road Initiative in 2019-23

2018 ◽  
Keyword(s):  
Foreign Policy ◽  
Outer Space ◽  
The Arctic ◽  
Belt And Road Initiative ◽  
Content Type ◽  
Central Asian ◽  
Belt And Road ◽  
The Belt And Road

Subject Prospects for the Belt and Road Initiative in 2019-23. Significance Five years on, China's Belt and Road Initiative (BRI) has become a multi-purpose foreign policy brand that encompasses far more than was initially envisaged. It has evolved from an initiative focused on Central Asian infrastructure to one with industrial, technological, environmental and legal components, and which extends geographically as far as the Arctic and into outer space.

China will determine the future of the Mekong region

2018 ◽  
Keyword(s):  
Poverty Alleviation ◽  
Development Projects ◽  
Belt And Road Initiative ◽  
Content Type ◽  
Mekong Region ◽  
Industrial Projects ◽  
Belt And Road ◽  
Regional Institution ◽  
Economic Zones ◽  
The Belt And Road

Subject China's involvement in the Mekong region. Significance China’s Lancang-Mekong Cooperation initiative involves dam and development projects, special economic zones and trade. It is integrating the region into the Belt and Road Initiative and has largely eclipsed the existing regional institution established by the downstream Mekong states. Impacts China's Mekong policies may foreshadow its approach to other regions and issues as it becomes more active in world affairs. Beijing will try to reduce the risk of a backlash by funding poverty-alleviation, development and industrial projects in the region. China's activities in the South China Sea will increase other governments' suspicion regarding Chinese activities on the Mekong.

Sign in / Sign up

Export Citation Format

Share Document