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Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies
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Great Potential, Many Pitfalls - Understanding China's Belt and Road Initiative (Hardcover)
Loot Price: R4,483
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Great Potential, Many Pitfalls - Understanding China's Belt and Road Initiative (Hardcover)
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China's Belt and Road Initiative (BRI), China's globe-girdling
infrastructure and trade corridor project, is a rare watershed in
international affairs. It affects, whether directly or indirectly,
nearly the entire world, directly involving more than 60 countries,
nearly 4.5 billion people (about two-thirds of the world's
population), up to $8 trillion, and around 40 per cent of the
global economy. BRI also entails a rising power-perhaps the next
superpower-endeavouring to build one of the biggest and most
expensive super-projects the world has ever seen. If it achieves
its potential, BRI could even pose a threat to the Bretton Woods
global economic model that has prevailed since the end of World War
II. BRI has the potential to change the world in a big way. And
yet, the project also confronts security and financial challenges
that are as serious as its potential is soaring. In this way, BRI
is a topic that needs serious examination. This book features
chapters on BRI prepared by top international scholars who have
been tracking the project closely. The chapters assess the
project's impact across Asia, highlight its opportunities and
challenges, and consider what might be in store in the future. The
chapters in this book were first published as a special issue of
the Asian Affairs.
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