TY -
GEN
AU - Pawar, Avisha
TI -
The Chinese Playbook: Infrastructural Revolution Gives Way to New Global Power
KW - China
KW - Africa
KW - Belt Road Initiative
PY - 2022
N2 - Veröffentlichungsversion
N2 - begutachtet (peer reviewed)
N2 - In: IndraStra Global (2022) ; 1-5
N2 - At this moment, every child born in Angola owes money to the Chinese government. Angola, Africa’s second-largest oil exporter owes more than $20 billion to a number of Chinese entities as listed debt. But Angolans aren’t the only ones reeling under a foreign debt, they share this crisis with many of their African comrades. Quite simply, Beijing, as we are told, coaxes underdeveloped nations into taking loan after loan to build infrastructure that they simply cannot afford otherwise, and will almost certainly not yield any proportionate economic benefits from. At the end of this dysfunctional cycle, the ultimate objective is for China to take control of these assets. This concept has been defined as ’debt-trap-diplomacy’, an overly hackneyed term introduced in 2017 and quickly oversold by the Western world, especially in the context of the much-touted Belt and Road Initiative (BRI).
UR - http://slubdd.de/katalog?TN_libero_mab2
ER -