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Showing posts from October 8, 2019

Three Reasons Why the U.S. Should Not Compete with the Belt and Road Initiative

Yuko F. Hamaguchi5 hours ago">

China’s announcement of the Belt and Road Initiative (BRI) in 2013 dramatically changed images of the Silk Road. Far from camels and caravans, the BRI is a Chinese multi-billion-dollar infrastructure investment platform to create ultra-modern connectivity on a trans-continental scale. It now involves more than 126 countries and 29 international organizations in Asia, Europe, Africa, and Latin America.Unfortunately, America’s Free and Open Indo-Pacific strategy (FOIP) is not as familiar as the BRI. The U.S. announced it in 2017 to counterbalance China’s BRI. The FOIP has three pillars: security, economics, and governance. Although there are significant overlaps between the FOIP and the BRI, coordination between the U.S. and China is not likely due to mutual hostility.Nevertheless, facts suggest that the U.S. should coordinate, if not cooperate, with China’s BRI.First, the BRI can complement what the U.S. hopes to achieve through the FOIP: economic …