scholarly journals Belarus-China: Avoiding the “Debt Trap”

2021 ◽  
Author(s):  
Kiryl Rudy

Since 2005 Belarus with its developing Post-Soviet economy has been attracting loans from China. By 2019 China became among top three international lenders for Belarus. On one hand Chinese loans financed infrastructure and industrial projects and supported economic growth in Belarus, and on the other hand they increased import from China and foreign debt of Belarus. In order to overcome the phobia of Chinese “debt trap” the Government of Belarus recently decreased the number and amount of Chinese loans tied to infrastructure projects, improved credit terms, increased FDI from China, and created joint industrial park ‘Great Stone’. As a result, the case of Belarus and China outlines how to avoid “debt trap” in ‘Belt and Road’ initiative by focusing on FDI from China.

2019 ◽  
Vol 1 (2) ◽  
pp. 183-206
Author(s):  
Masami Ishida

The government of China promotes the development of expressways and high-speed expressways in Greater Mekong Subregion (GMS) and tries to connect the major cities of the subregion and Kunming under the Belt and Road Initiative (BRI). First, this article reviews the development schemes in the subregion including GMS economic cooperation and the BRI. Next, it introduces the development of the transport infrastructure, including expressways and high-speed railways, connecting Kunming and Lao People’s Democratic Republic (Lao PDR), Thailand, Myanmar and Vietnam. Thereafter, it compares the total costs of the projects and how other GMS countries negotiate with China. Seeing the sections of the expressways and railways in Yunnan Province, the shares of some sections occupied by bridges and tunnels are higher than 20 per cent due to the mountainous land feature of Yunnan Province. On the other hand, the railway in Lao PDR passes through the mountainous areas, and they adopted higher specification as same as in Yunnan Province. Consequently, the debt-default risk of Lao PDR has increased. On the other hand, Thailand repeated tough negotiations with China and made efforts not to increase the total cost. The negotiations of Lao PDR and Thailand with China are illustrated in this article. JEL Codes: O18, R10, R41, R58


2020 ◽  
Vol 76 (3) ◽  
pp. 461-478
Author(s):  
Vivek Mishra ◽  
Sayantan Haldar

This article intends to look at how contemporary and future Asian connectivity linkages are likely to impact Asian geopolitics and geo-strategy. While China has dominated the contemporary connectivity discourse with its Belt and Road Initiative (BRI), other players such as Australia, India, Japan and the USA are engaged in their own connectivity bids which often converge and intersect in the region. As a result, the countries involved in the Indo-Pacific cross-linkages are tacitly entering a game of one-upmanship. Influence through connectivity linkages has also shifted the discourse around balance of power for countries to balance of influence. It is in this context that initiatives such as the Mausam find centrality in the country’s changing outlook. This article attempts to look at Asian connectivity from a dual perspective of economic competition, on one hand, and strategic calculations, on the other hand. The scope of the article is limited to analysing China, India and Japan as leading Asian countries in the emerging connectivity competition, besides the USA as the most important external players in Asian connectivity geopolitics and geo-strategy.


Author(s):  
Didiet Purnomo

This article tries to explain the impact of Indonesian government foreign debt on its economic condition. The debt, on one hand, especially one through the government course is badly hoped to return Indonesian economic condition to be better after crisis. On the other hand, however the government foreign debt accumulation becomes the boomerang for Indonesian government. How far is actually the permissiveness of the foreign loan can be clarified via some approaches i.e. budget principle, net transfer. and Debt Service Ratio (DSR) approaches. The visible phenomenon based on the above approaches illustrates that Indonesian government foreign debt condition is hugely accumulated, so it is regarded to exceed the repayment power.


2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.


Edupedia ◽  
2020 ◽  
Vol 5 (1) ◽  
pp. 55-64
Author(s):  
Agus Supriyadi

Character education is a vital instrument in determining the progress of a nation. Therefore the government needs to build educational institutions in order to produce good human resources that are ready to oversee and deliver the nation at a progressive level. It’s just that in reality, national education is not in line with the ideals of national education because the output is not in tune with moral values on the one hand and the potential for individuals to compete in world intellectual order on the other hand. Therefore, as a solution to these problems is the need for the applicationof character education from an early age.


Author(s):  
Christine Cheng

During the civil war, Liberia’s forestry sector rose to prominence as Charles Taylor traded timber for arms. When the war ended, the UN’s timber sanctions remained in effect, reinforced by the Forestry Development Authority’s (FDA) domestic ban on logging. As Liberians waited for UN timber sanctions to be lifted, a burgeoning domestic timber market developed. This demand was met by artisanal loggers, more commonly referred to as pit sawyers. Out of this illicit economy emerged the Nezoun Group to provide local dispute resolution between the FDA’s tax collectors and ex-combatant pit sawyers. The Nezoun Group posed a dilemma for the government. On the one hand, the regulatory efforts of the Nezoun Group helped the FDA to tax an activity that it had banned. On the other hand, the state’s inability to contain the operations of the Nezoun Group—in open contravention of Liberian laws—highlighted the government’s capacity problems.


1978 ◽  
Vol 10 (3) ◽  
pp. 193-208
Author(s):  
Dennis A. Rubini

William of Orange tried to be as absolute as possible. Inroads upon the power of the executive were fiercely resisted: indeed, William succeeded in keeping even the judiciary in a precarious state of independence. To maintain the prerogative and gain the needed supplies from parliament, he relied upon a mixed whig-tory ministry to direct court efforts. Following the Glorious Revolution, the whigs had divided into two principle groups. One faction led by Robert Harley and Paul Foley became the standard-bearers of the broadly based Country party, maintained the “old whig” traditions, did not seek office during William's reign, tried to hold the line on supply, and led the drive to limit the prerogative. The “junto,” “court,” or “new” whigs, on the other hand, were led by ministers who, while in opposition during the Exclusion crisis, held court office, aggressively sought greater offices, and wished to replace monarchy with oligarchy. They soon joined tory courtiers in opposing many of the Country party attempts to place additional restrictions upon the executive. To defend the prerogative and gain passage for bills of supply, William also developed techniques employed by Charles II. By expanding the concept and power of the Court party, he sought to bring together the executive and legislative branches of government through a large cadre of crown office-holders (placemen) who sat, voted, and directed the votes of others on behalf of the government when matters of importance arose in the Commons. So too, William claimed the right to dissolve parliament and call new elections not on a fixed date, as was to become the American practice, but at the time deemed most propitious over first a three-year and then (after 1716) a seven year period.


1906 ◽  
Vol 20 ◽  
pp. 149-169
Author(s):  
B.D. John Willcock

The idea that at the Restoration the Government of Charles II. wantonly attacked a Church that otherwise would have remained at peace and in the enjoyment of hardly-won liberties is not in accordance with facts. The Church was divided into two warring factions—that of the Remonstrants or Protesters and that of the Resolutioners. The former were the extreme Covenant party and had as their symbol the Remonstrance of the Western army after the Battle of Dunbar, in which they refused to fight any longer in the cause of Charles II. The Resolutioners were the more moderate party, which accepted him as a Covenanted King, and they derived their name from their support of certain Resolutions passed in the Parliament and General Assembly for the admission of Royalists to office under certain conditions. The Protesters—who numbered perhaps about a third of the Presbyterian clergy—claimed, probably not without reason, to be more religious than their opponents. They were very eager to purge the Church of all those whose opinions they regarded as unsatisfactory, and to fill up vacant charges with those who uttered their shibboleths. In their opposition to the King they naturally drew somewhat closely into sympathy with the party of Cromwell, though, with the fatal skill in splitting hairs which has afflicted so many of their nation, they were able to differentiate their political principles from what they called ‘English errors.’ The Resolutioners, on the other hand, adhered steadily to the cause of Charles II., and came under the disfavour of the Government of the Commonwealth for their sympathy with the insurrection under Glencairn and Middleton which had been so troublesome to the English authorities.


Sign in / Sign up

Export Citation Format

Share Document