The Belt and Road Initiative in South–South Cooperation: The Impact on World Trade and Geopolitics

Description

This book seeks to illuminate what China's Belt and Road initiative truly means for the global south, offering historical context and explaining the vision that the Chinese State has in coordinating actions in the territorial, political and economic spheres in a multilateral pretension. How does the BRI generate economic returns for China, and what are the political and economic impacts of the BRI? In this provocative and deeply researched new work, the authors provide a new framework for understanding the BRI, one which will be useful to scholars, policymakers and economists. Preface Contents List of Charts 1 The Belt and Road Initiative (BRI): The South-South Cooperation (SSC) with Chinese Characteristics 1.1 Introduction 1.2 The Development of SSC: Still a Long Way to Go 1.2.1 SSC Evolvement: An Uneasy Journey 1.2.2 China’s Role in SSC 1.2.3 The Challenges of SSC 1.3 The BRI: A Chance for SSC Resurgence? 1.3.1 The Silk Road: History and Today 1.3.2 Cooperation Between the BRI and SSC: Development and Achievements 1.3.3 Chinese Characteristics in the BRI 1.4 The Theoretical Framework to Interpret the Relations Between the BRI and SSC 1.4.1 Review of the Development Pathway of the West and China 1.4.2 Interpretation of the BRI by IPE References 2 The Belt and Road Initiative: China’s New Role in Geopolitics and Security Issue 2.1 The Relationship Between the BRI and China’s Geopolitical Security 2.2 The Security Dilemma of China 2.3 BRI Under the Security Challenge 2.3.1 The Roots of Security Challenges 2.3.2 Discussion: Outlook of the BRI 2.4 The Perspective of the United States 2.4.1 Evolution of the US’ Perception of the BRI: The Security Issue 2.4.2 The BRI Under the Game of Great Powers 2.5 NATO’s Vision of the BRI 2.5.1 NATO’s Security Concerns on the BRI 2.5.2 Europe’s Alternative to the BRI 2.6 The Future of the BRI: When Will Go in the Post-Pandemic Era? References 3 The BRI and Its Economic Corridors: Opportunities for Development 3.1 Introduction: What BRI Can Bring to Developing Countries 3.2 Case Studies: The Main Economic Corridors and Related Countries 3.2.1 New Eurasia Land Bridge (NELB) 3.2.2 The China–Mongolia–Russia Economic Corridor (CMREC) 3.2.3 China–Pakistan Economic Corridor (CPEC) 3.2.4 Bangladesh–China–India–Myanmar Economic Corridor (BCIMEC) 3.2.5 The China–Indochina Peninsula Economic Corridor (CICPEC) 3.2.6 China–Central Asia–West Asia Economic Corridor (CCWAEC) 3.3 The Comparison Between China’s BRI and Russia’s EEU: Competitor or Complementary? 3.3.1 The Common Interests in China–Russia Relations 3.3.2 When the BRI Meets the EEU: Opportunities and Challenges 3.3.3 Central Asia: The Key of BRI-EEU Cooperation 3.4 The BRI in Europe: Divisions of the North and South 3.4.1 The BRI in Southern Europe: South-South Cooperation Surpasses South-North Cooperation 3.4.2 The Concerns of Northern Europe References 4 Technological and Financial Integration in the BRI 4.1 Introduction: The Gaps of Development in Technology and Finance 4.2 Financial Integration: The New Development Bank (NDB) and the AIIB 4.2.1 The Limitations of NDBs in Recent Decades 4.2.2 The NDB: The Solution of Financial Integration Through BRICS 4.2.3 The AIIB: The BRI’s Solution of Financial Integration 4.3 The Digital Silk Road: The BRI’s Solution to Bridge the Technology Gap 4.3.1 The Four Industrial Revolutions and the Formation of the Technology Gap 4.3.2 The Concept of the Digital Silk Road (DSR) 4.3.3 China’s Experience in Technology Development 4.3.4 The International Impact of China’s Rise in Technology References 5 Conclusion 5.1 Factor I. The Impact of the Sino–US Trade War on the BRI: From Donald Trump to Joe Bidden 5.1.1 BRI and US–China Relations 5.1.2 The Trump Period (2017–2021) and the US–China Trade War 5.1.3 US–China Relation Under Biden (2021–): Restart or Another Setback? 5.2 Factor II. The BRI Amid the Covid-19 Pandemic: US–China Rivalry, the Covax Scheme, and Accelerating Global Polarization in Politics 5.2.1 The Intensifying US–China Relationship Amid the COVID-19 Pandemic 5.2.2 China’s Response: The HSR & South-South Cooperation in Public Health References Index