| Autor: |
Ezeanyika, S., Opurum, I., Ibekwe, E., Adigwe, J. |
| Předmět: |
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| Zdroj: |
Administratio Publica; Sep2024, Vol. 32 Issue 3, p202-226, 25p |
| Abstrakt: |
This article analyses China's Belt and Road Initiative (BRI) of 2013-2023, which serves as its economic diplomacy tool in the 21st century. The BRI reflects China's soft power, which targets redefining the international economic order to serve its interests both economically and strategically. This article aims to identify the core motivations behind China's BRI, its impact, challenges, and policy implications. To explain the rationale behind the BRI's emergence, the article uses the Hegemonic Stability and Neoliberal theories as an analytical framework. The content analysis method was used, and data was obtained from secondary sources. The analysis shows that the BRI is a manifestation of China's global aspirations and strategic maneuvers. The initiative serves as a geopolitical tool to increase China's global influence while enhancing economic cooperation. The BRI has led to both positive and negative outcomes. This article predicts that the Global South will serve as a new battleground for China-United States (US) economic rivalry because the BRI has gained significant traction in the regions. Therefore, this article suggests that BRI partners engage with multilateral institutions that will provide a platform for dialogue and collaboration, fostering a sense of shared ownership and mutual benefits. This way, neither China nor the US can take undue advantage of the vulnerable countries of the Global South. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
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